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Tracy Coenen Return Risk +0.00% N/A Tracked Blogger Profile & Performance Subscribe to author

Symbol Sentiment Start Return Closed NITE n/a PAS n/a TRMB n/a LPHI n/a HLX n/a TTI n/a Via BloggingStocks:   Filed under: Scandals Felon-turned-fraud investigator Barry Minkow has released the names of seven public company executives caught lying about their degrees. Sounds unusual, doesn't it? Well, the former head of the fraud known as ZZZZ Best Carpet Cleaning has been working hard to verify the credentials of 358 public company executives and directors. The names put through the ringer were generally in industries he suspected were filled with "hype." Upon identifying executives whose degrees weren't listed in a large database of college graduates, schools were contacted directly to verify if the executives earned degrees or not. Why is any of this important? I've been investigating corporate fraud for over a decade, and have generally found that when there's a small fraud being committed by an upper-level executive, chances are greater there's a much larger fraud being perpetrated at the same time. My evidence is only anecdotal, but I've become a believer based on what I've witnessed -- that small frauds are often only the tip of the iceberg when it comes to wrongdoing by upper management. Which companies have degreeless executives? Trimble Navigation (NASDAQ: TRMB), Cabot Microelectronics Corp, Tetra Technologies Inc. (NYSE: TTI), Knight Capital Group Inc. (NASDAQ: NITE), Helix Energy Solutions (NYSE: HLX), Life Partners Holdings (NASDAQ: LPHI) and PepsiAmericas (NYSE: PAS). Some of the executives don't have degrees at all, while others have lesser degrees than company documents claimed. Continue reading Public company executives caught lying about college degrees Public company executives caught lying about college degrees originally appeared on BloggingStocks on Thu, 13 Nov 2008 12:55:00 EST. Please see our terms for use of feeds. Read | Permalink | Email this | Comments   Read the rest of original post »

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