Showing posts with label diligent fraud. Show all posts
Showing posts with label diligent fraud. Show all posts

Monday, 29 October 2007

Dick the Unethical Stats Analyst: The idiot that counts fraudulent numbers

Brand Killer Robots reveal::
Like a spider driven by an invisible force doth Dick the stats analyst crawl through the web of his various numerical repositories. Like a superhero doth he weild the figure models in his head. Slicing and dicing the data into tangiable morsels of value that can cause revelations on the executive top floor.

Only Dick has the key. Only Dick knows how the data should be integrated with the perspective to make sense. Like a greedy spider doth Dick the stats analyst cling jealously to his throne. Sharing out only the fragments of his knowhow that make him feel safe. Sharing in such a way that appears to be in the company's interest, when exactly the opposite is true.

Like a threatened spider doth Dick the stats analyst resist the truth of his ways.
The truth that Dick is not working in the company's interests
The truth that Dick knows that he has been found out
The truth that Dick now wishes to cover his tracks

So cover his tracks he did.

Like an ignorant spider, doth Dick the stats analyst still count numbers
Still crawl through repositories
Still weild figure models in his head
Still slices and dices data into tangiable morsels
Still causes revelation on the executive top floor

Had Dick not been so dirty, so deceitful, so frightened!
Dick might have noticed that the data was under investigation by the serious fraud office
And decided to take a less ill informed route

Thursday, 25 October 2007

Insurance bosses jailed for fraud

Brand Killer Robots reveal::
Our post on Wednesday, October 3, 2007 entitled Executive Fraud: The biggest killer of commercial brands ever at.
http://intrench.blogspot.com/2007/10/executive-fraud-biggest-killer-of.html
revealed the kinds of psychology that can unfold inside UK insurance companies.

Below is an article, care of the BBC that provides further evidence of the kinds of executive threat that can exist within these companies. Much of which is less to do with intent to deceive for personal gain and more to do with attempting to keep the ship afloat long enough to save it from hitting the rocks. Only to find that you do hit the rocks, but instead of living to fight another day - you wind up in prison.

A former insurance chief has been jailed for seven years after being convicted of defrauding investors. Michael Bright, 63, was in charge of Independent Insurance when it collapsed in 2001 in one of the industry's most high-profile insolvencies.
Finance director Dennis Lomas received a four-year sentence. Deputy manager Philip Condon was given three years. A jury had heard how the trio masked the firm's financial problems by withholding details of claims.

Wednesday, 3 October 2007

Executive Fraud: The biggest killer of commercial brands ever

Brand Killer Robots reveal::
Week 1 CEO Email to all staff: "Dear everyone, I just wanted to say as your CEO how happy i am with everyones contribution this year. I believe that we are well on the road to acheiving our goals in 2006 and with greater effort in the last quarter, breaking through the £50million premium".

"Special thanks go to Don Simpson who as you all know has been with the company more than 20 years and will shortly be undertaking a part-time role, because of ill health".

"Don has been a great servant to the company and we will miss his integrity and loyalty to the cause".

Week 2 CEO Email to all staff: "Dear everyone, it is with great concern that i have to inform you that we have had to terminate Don Simpson's contract of employment because we have found major discreprencies in the affairs of the claims department. We cannot say any more than this is now a police matter and we will be in touch in due course".

Who would ever want to be a CEO of an insurance underwriting company?