www.colettesymanowitz.com

Perspectives on entrepreneurship, MBA-related issues, networking, personal branding, technology, investing, education and more…


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The US businessman who made life hard for the Guptas

guptas not my president2

US businessman Bill Browder went from Russia’s biggest foreign investor to its biggest corruption fighter. It was his lawyer Sergei Magnitsky who paid the price. Since Magnitsky’s death in police custody, Browder has made it his life’s goal to prevent corrupt governments and people from moving their dirty gains offshore. This led to the Magnitsky Act, which allows the US to impose sanctions on foreigners suspected of human rights crimes, and enables bad guys like the Guptas to be punished worldwide. https://blog.fraudcracker.com/us-businessman-helped-make-life-hard-for-the-guptas/ #MagnitskyAct #BillBrowder #fightcorruption


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Can you spot the potential embezzler in your company?

embezzler job

Which of your employees is most likely to steal the big bucks from your company? Here’s where the Marquet Report on Embezzlement is especially useful as a profiling tool. Find out more at https://blog.fraudcracker.com/can-you-spot-the-potential-embezzler-in-your-company/ #embezzlement #MarquetReportOnEmbezzlement


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Gambling with lives: Government fails to protect corruption whistle-blowers

Bheki Cele

South Africa’s Minister of Police Bheki Cele is not carrying out his constitutional responsibility to ‘prevent, combat… crime [and] to protect and secure the people of South Africa’. We’re talking specifically about Cele not protecting those brave enough to speak out against corruption. So why does President Ramaphosa keep him on as Minister of Police? Find out more at https://blog.fraudcracker.com/gambling-with-lives-government-not-protecting-corruption-whistle-blowers/ #stopcorruption #protectwhistleblowers


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NDAs ‘should not silence sexual harassment claims’

NDA-sexual-harassment

Ex-movie mogul Harvey Weinstein and his company used NDAs to silence accusations about his sexual wrongdoing. But NDAs should not be used to stop someone speaking up about sexual harassment in the workplace. Find out why at https://blog.fraudcracker.com/ndas-should-not-silence-sexual-harassment-claims/ #MeToo #sexualharassment #NDA


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Don’t punish employees who raise problems

woman excluded in workplace

Divergent, dissenting voices are vital for growth and innovation. But some leaders penalise employees who raise problems, afraid of what those messengers might be pointing out. By doing this, however, you stop your organisation from growing, and you also make it hard for others to speak up when they see problems or opportunities. For tips on how NOT to do this, go to https://blog.fraudcracker.com/dont-punish-employees-who-raise-problems/ #divergenceishealthy #listentoproblems


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WHO division tackling coronavirus underfunded and facing internal corruption allegations

masked people and coronavirus on smartphone

The WHO division spearheading the worldwide response to the coronavirus outbreak, is severely underfunded and battling to implement vital reforms. The entire WHO faces a rise in internal corruption allegations. To make matters worse, experts say the WHO’s initial response to the coronavirus, now called COVID-19, was too slow. Find out more at https://blog.fraudcracker.com/who-division-tackling-coronavirus-underfunded-and-facing-internal-corruption-allegations/


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South Africa now has vital laws for sex offences courts

aminext

South African laws and regulations outlining the standards for sex offences courts were published on 7Feb2020 and implemented on 31Jan2020. These courts can now bring much-needed relief and justice to victims of gender-based violence https://blog.fraudcracker.com/south-africa-now-has-vital-laws-for-sex-offences-courts/ #sexoffencescourts


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Did corruption trigger the coronavirus outbreak?

pangolin coronavirus

The latest lethal strain of coronavirus arose at a wild animal meat market in Wuhan, China, according to the Chinese Center for Disease Control and Prevention. The market, now closed, was home to stalls trading wild animals such as pangolins, the latest suspect in the investigations. These outbreaks start in the murky waters between legal and illegal trade, where bushmeat and dodgy packages travel long distances on commercial routes, aided by bribes and legal loopholes. So corruption could well have triggered the coronavirus epidemic. https://blog.fraudcracker.com/did-corruption-trigger-the-coronavirus-outbreak/ #corruption #coronavirusoutbreak


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Is your company at risk? Tips to prevent business fraud

fraud AFS

Employee fraud is more common than you think. It could be happening to you, and you may not even know it. So what can you do to prevent business fraud in your firm? Find out the anti-fraud steps that ACFE and other sources recommend at https://blog.fraudcracker.com/is-your-company-at-risk-steps-to-prevent-business-fraud/ #fraud #fraudprevention


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Critical Success Factor #1 for anti-fraud tools: Anonymity

anonymous online whistleblower

When designing FraudCracker, a ground-breaking online fraud reporting solution for companies, founder Dr Gavin Symanowitz identified not only the main problems with existing solutions, but also the critical success factors that an effective fraud reporting mechanism should cover. In this article, he discusses anonymity, the first of these factors https://blog.fraudcracker.com/critical-success-factor-1-for-anti-fraud-tools-anonymity/ #anonymity #whistleblowers #fraud #wrongdoing


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Confidence fraud: how to avoid being scammed

romance scams cartoon - phone and wallet

Confidence fraud, also called romance scamming, is on the rise. But the FBI is coming down hard on perpetrators. Get tips from the FBI on how to protect yourself from online romance scams. https://blog.fraudcracker.com/fbi-clamping-down-on-confidence-fraud/ #romancescam #confidencefraud #staysafeonline


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Africa’s richest woman accused of fraud and corruption

Prosecutors in Angola have accused Africa’s richest woman, Isabel dos Santos, of committing fraud when she was chairwoman of state oil firm Sonangol. “Luanda Leaks” documents reveal corruption and how she exploited poverty-stricken Angola to build her $2.2bn fortune. She denies any wrongdoing. Read more at https://blog.fraudcracker.com/africas-richest-woman-accused-of-fraud-and-corruption/

#corruption #fraud #Angola


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Will Ukraine’s new whistleblower law punish innocent businesses?

whistle speak upOctober 2019 saw Ukraine’s Parliament introduce the “Whistle-blowers Law”. This gives far-reaching protection to people who blow the lid on corruption in the Ukraine. But the new law has also sparked heated debate. Will Ukraine’s new whistle-blower law punish innocent organisations? However, who needs protection more: the whistle-blower, or the business they are reporting on? Find out more at https://blog.fraudcracker.com/will-ukraines-new-whistle-blower-law-punish-innocent-businesses/


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Every one of us can do something about corruption

Corruption hurts all of us.  Yet most of us think that corruption is “just a way of life” and cannot be prevented. But every one of us can do something about it. Find out how at https://blog.fraudcracker.com/every-one-of-us-can-do-something-about-corruption/ #UnitedAgainstCorruption | #IACD2019 | #IACD2020 | #YouthForJustice


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South Africa needs to do what is right

This article also appeared in Finweek Magazine in their 11-April-2013 issue

I love South Africa and am fiercely loyal to this country. We have so many opportunities here, much more than many other countries. But in 2013 I had an experience that made me deeply question my patriotism. Are we as South Africans losing our humanity? And more importantly, how can we get it back? Continue reading


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Today is global anti-corruption day. So what will you do differently?

Today 9-December is International Anti-Corruption Day. Corruption hurts all of us. As much as we’d like to, we cannot ever stop corruption completely, because there is a lot happening that we don’t even know about.

But we can do something about it:

1. We can report it whenever we see it. In fact, this is why we started FraudCracker.com, to give you a voice in the fight against fraud and corruption, without anyone knowing your name.

2. And we can say no to corruption and wrongdoing when these happen in our daily lives.

It all starts and stops with us. Because our children see our behaviour today, and will behave the same way tomorrow. If they see us as parents offering or accepting bribes, or behaving unethically, then that’s what they’ll do tomorrow.

So starting today, International Anti-Corruption Day, let’s stop corruption while it’s still small and manageable. This is my challenge to myself and to you. Let’s say no to corruption and wrongdoing today, and stop the rot for our children tomorrow!

See the full post at https://lnkd.in/dCECQjs
#anticorruption #InternationalAnticorruptionDay


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Eskom to lifestyle-audit 2,300 more staff as it turns up the heat against corruption

Great to see Eskom is finally fighting corruption. After lifestyle-auditing +/-400 execs, sr managers in 2019, Eskom to do this to 2,300 more staff in key units. Eskom to contract investigators to sift thru personal info (bank accounts, assets) of its staff’s families https://lnkd.in/dztsJnQ #corruption #lifestyleaudits


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South African State charges EFF leaders Julius Malema and Floyd Shivambu

It’s great to see heads finally starting to roll in the fight against injustice and corruption in South Africa. The EFF has been hit with a double blow on the legal front, this after the State charged both their commander-in-chief, Julius Malema, and his deputy, Floyd Shivambu. https://blog.fraudcracker.com/the-state-charges-eff-leaders-julius-malema-and-floyd-shivambu/


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The cryptoqueen: the hunt for a multi-billion-dollar scam artist

Jet-setting fraudster Dr Ruja Ignatova created the perfect scam: a multi-billion-dollar con, her own fake cryptocurrency OneCoin, a cult–like recruitment drive and a lucrative pyramid scheme. OneCoin attracted over $4,5bn. But within a few months, Ignatova vanished. She is wanted by the FBI for one of the biggest frauds in financial history https://blog.fraudcracker.com/the-cryptoqueen-the-hunt-for-a-multi-billion-dollar-scam-artist/


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ANC MP Bongani Bongo arrested for corruption

It’s taken a long time, but corrupt politicians involved in South Africa’s state capture are finally getting punished. The Hawks’ Serious Corruption Investigation team arrested ANC MP Bongani Bongo, a strong Zuma supporter. He appeared in court today on corruption charges, after he tried to bribe an advocate on the parliamentary commission of inquiry into Eskom’s state capture. https://blog.fraudcracker.com/anc-mp-bongani-bongo-arrested-for-corruption/ #corruption #arrest #BonganiBongo #bribery


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Facebook deletes 3.2bn fake accounts and millions of child abuse posts

Facebook Inc took down 3.2bn fake accounts in Q3 and Q4/2019, plus millions of posts showing child abuse and suicide. Yes, it’s great to see Facebook deleting these. But it still raises a number of questions. Find out more at https://blog.fraudcracker.com/facebook-deletes-3-2bn-fake-accounts-and-millions-of-child-abuse-posts/ #Childabuse #terrorism #fakeaccounts


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Facebook and YouTube block spread of supposed whistleblower’s name and photo. Twitter allows both.

Facebook and Youtube are blocking users from sharing the name and photo of a CIA officer who allegedly filed the damning whistleblower complaint that sparked impeachment hearings against President Trump. But Twitter is allowing both. https://blog.fraudcracker.com/facebook-and-youtube-block-spread-of-whistleblowers-name-and-photo-twitter-allows-both/ #whistleblower #victimisation #impeachment


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Strong leadership and punishment of corruption wrongdoers: steps to rebuilding confidence in South Africa

The Springboks’ decisive win in the Rugby World Cup has boosted every South African’s spirits (thank you Bokke, we needed this!) However, it’s a short-term boost, and our country’s long-term path will be determined by raising confidence in the long-term. To do this, we need to see 2 things:1. strong leadership, and2. punishment of corruption perpetrators. https://blog.fraudcracker.com/prosecution-of-corruption-wrongdoers-and-great-leadership-rebuilding-confidence-in-south-africa/ #greatleaders #punishcorruption


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Is there a place for humans in digitally disrupted accounting?

AI, IoT, blockchain… more and more, integration of financial data, intelligent software and vetting systems are leaving humans out of the picture – including the shady ones cooking the books. If bean counters are no longer needed to check and balance the books, are they still needed? And if so, what is their new role? https://blog.fraudcracker.com/is-there-a-place-for-humans-in-digitally-disrupted-accounting/ #accounting #digitaldisruption


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South Africa’s anti-money laundering measures under global spotlight

The Financial Action Task Force (FATF), the inter-governmental regulating body, are in South Africa to evaluate the country’s compliance with global money-laundering standards. The results could be damaging, as there are billions at stake. https://blog.fraudcracker.com/south-africas-anti-money-laundering-measures-under-global-spotlight/


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EOH blacklists 50 business partners in corruption crackdown

JSE-listed tech group EOH blacklists 50 enterprise development partners, and reports suspected criminal behaviour to authorities for investigation and potential prosecution. https://blog.fraudcracker.com/eoh-blacklists-50-business-partners-in-corruption-crackdown/ #corruption #criminal #investigation 


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The White House protects whistleblowers better than companies do

The White House system protects whistleblowers better than companies’ hotlines do. Harvard Prof Eugene Soltes tested the hotlines that firms should have, for employees to report wrongdoing. Often, these don’t work or don’t protect whistleblowers’ anonymity https://blog.fraudcracker.com/the-white-house-protects-whistleblowers-better-than-companies-do/


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Successfully navigating the post #MeToo workplace

On the surface, it looks like women are making progress toward equality in the post #MeToo era. But has it triggered real change for women in the workplace? How has the culture changed? And what can women do to be successful in the post #MeToo era?  https://blog.fraudcracker.com/successfully-navigating-the-post-metoo-workplace/


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U.S. sanction law targets Gupta network

It’s been a great week for the fight against corruption. The Gupta network of shady deals has been dealt a big blow, with the U.S. government hitting the family with financial sanctions that freeze all their U.S. assets. Those blacklisted are the Gupta brothers Atul, Ajay and Rajesh Gupta, and associate Salim Essa. https://blog.fraudcracker.com/u-s-sanction-law-targets-gupta-network/


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8 things leaders do that make employees quit

What are 8 things leaders often do that make people leave? 1 biggie is not creating a psychologically safe culture. Understanding the 8, and how they impact your team, will help you identify those at flight risk, and make changes that could make them stay. https://blog.fraudcracker.com/8-things-leaders-do-that-make-employees-quit/


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Google can forget you – but only in Europe

Want your past to be forgotten on the Net? Moving to Europe might be your best bet. Google doesn’t have to apply Europe’s “right to be forgotten” law globally. It must remove links to sensitive personal data from its search results in Europe when needed, but not for searches elsewhere worldwide.  https://blog.fraudcracker.com/google-can-forget-you-but-only-in-europe/


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British government still aiding repression in human rights-abusing countries

The British government continues to approve the export of hi-tech surveillance equipment and software of the type being used by states abusing human rights to monitor and repress dissent. This is according to new government data. https://blog.fraudcracker.com/british-government-still-aiding-repression-in-human-rights-abusing-countries/


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Protecting whistle-blowers in the digital age

Speaking at the #ACFESA Africa conference this week on protecting whistle-blowers in the digital age. Lots of interesting other talks. Great to see the move to digital happening more and more in all fraud-related areas – we need to be using smarter tools to fight smarter fraudsters. https://blog.fraudcracker.com/digitally-protecting-whistle-blowers/


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Call for forensic investigation into farmworker equity schemes

When 241 farmworkers became shareholders in the Langwyde Werknemers Trust 10 years ago, they were led to believe their lives would improve. Instead, many still live in dilapidated homes and are struggling to survive because they haven’t received any dividends from the company. The workers believe farm owners are exploiting them to benefit from BEE and get extra state funding. Find out more at https://blog.fraudcracker.com/call-for-forensic-investigation-into-farmworker-equity-schemes/


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VBS theft, money laundering & life’s little luxuries: Julius Malema’s time of spending dangerously

The lavish lifestyle and political aspirations of EFF president Julius Malema were funded from the R16m robbed from VBS Mutual Bank. Scorpio’s investigations show how the life savings of the poor and vulnerable VBS-depositors, plus municipalities around South Africa, paid for school-related expenses for Malema’s son, and Gucci, Louis Vuitton and tailored suits from designer Linda Makhanya, a Polokwane party venue and the EFF. https://blog.fraudcracker.com/vbs-theft-money-laundering-lifes-little-luxuries-julius-malemas-time-of-spending-dangerously/


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Inside entrepreneurs’ IP theft fight with Nedbank

Entrepreneurs Thandile Jwambi and Nicolas Kutumane are accusing Nedbank of stealing their card-blocking invention. In this real-life version of David vs Goliath, do the underdog entrepreneurs have a case? Find out more at https://blog.fraudcracker.com/inside-entrepreneurs-ip-theft-fight-with-nedbank/


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Does doing the same work over and over again make you less ethical?

Managers worry about staff breaking the rules. And rightly so. Working on the same task can lead to more rule-breaking and taking shortcuts. This can be a problem if your people do the same work everyday. For a simple solution, read https://blog.fraudcracker.com/does-doing-the-same-work-over-and-over-again-make-you-less-ethical/ #rulebreaking #unethical