Accountants who go to JAIL

WorldCom Controller didn’t stand up to his CFO when asked to book a transaction he disagreed with. In Contrast, Swisher’s Controller stood up to what’s right and got fired for it. He is my hero for standing up to the truth.
I’ve always been curious about human behavior/psychology and how it impacts our vulnerability to committing acts of fraud and deception. In this video, I breakdown the events that lead to the collapse of WorldCom compared to Swisher.
Interview with David Myers video (credit for clips used in this video):
• Worldcom
Article about Swisher’s Fraud Case:
www.sec.gov/litigation/litrel...
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[@lastnamefirst650]

Thank you for this! I’m a new accounting student and was worried I’d be gullible to stuff like that

[@tranquil5608]

I didn't know about these cases and commend you for bringing these two cases to your channel. The hero in the end is the lesson here. Dont succumb to pressure to commit fraud. Dont post without supporting documents

[@af7318]

Please keep sharing these kinds of videos. Very interesting as a student studying accounting.

[@MyFinancialFocus]

Super interesting! I’m an accounting student about to graduate and I’m thinking about going for my CMA certification. These videos definitely opened my eyes to how interesting the practice of accounting can be compared to the boring reputation it gets lol.

[@gbrcllc]

Ethical over profession respect > jail. Controller can know as much as CFO just don't have the title. This is an excellent video. Thank you.

[@FundamentalEconomics]

You are my Financial Hero Sir, lots of Respect.

[@joshuabracke5775]

As an accountant it fascinates me which expenses should be capitalized and which expensed. Fraud cases like these are so important to study and understand. It helps us to avoid damage to the profession and to become more honest and objective accountants.

[@pavansyd]

Thx for sharing your knowledge. I’ll keep in mind 😀

[@LadyBathory1]

I really enjoyed this video! It clarified a lot.

[@timbit827]

This was great. Good to keep in mind when i start working in accounting

[@lucatintor4896]

Swisher’s Controller showed a pair of balls, well done.

[@stunnerkay9556]

I believe that objectivity is a state of mind. Accountants have a duty to protect the health of companies whose finances they manage. My question is why is it that most corporate frauds are committed by higher level managers? Its ironical seeing that there are tight knit controls over operational and financial transactions but ultimately the end reviewers (the controllers and CFOs) continue to defy ethics and have a go with fraud.

[@boleslawkrzywousty7945]

Very interesting - thanks.

[@blackamericanlesbianprofes4357]

Thank you for sharing the interview link. I would like to see what is said fully. I know that E&Y didn't adhere to their profession with Wirecard, I am learning while writing a report on this for one of MSc Forensic Accounting classes. Date Stamp: 18may22

[@Soulenergy31]

This video is gold!,,

[@stunnerkay9556]

You are a genius

[@mohammednadir2225]

Sir what about the course cma usa. Is it worth to get job in middle east Gcc

[@FTA-0]

I think he misunderstood what trust is, and I wonder if trust exists in the financial world without proof!

[@FundamentalEconomics]

My dear beloved Sir, There is no video on Cash Flow Statement. Please make a mind-blowing one.

[@TheLioneldiaz]

In latin America this doesn´t happen. For instance the Central Bank of Argentina is suppossed to be audited by the General Audit of the Congress. But guess what. The controller function is outsourced to a private firm to do the job. Obviously who is in charge of the selection of the firm that will do the job and do the internal procedures of control? jaja