Safeguarding American Investors and Consumers

Published in ACFE Insights, Weaver’s Maria Tsennykh, Ph.D., FCCA, provides insight and recommendations on the importance of protecting whistleblowers and building a culture of transparency for the prevention of fraud and large scandals as seen recently with the Theranos case.

• “Classic free-market theory holds that buyers and sellers act as if they are guided by an “invisible hand” that help produce the best outcome — a better outcome than government oversight could ever produce.
• While economists debate the scope, scale and specific roles for appropriate government intervention, fraud continues. One recent high-profile case is the trial over allegations against a private company, Theranos, founded by Elizabeth Holmes — but this is far from the only case.”

© 2022