Fraud Expert's New Book Opens Pandora's Box of Marine Insurance Fraud. 'Gotcha' reveals the cover-up of the Arthur Andersen fraudulent ship valuation scheme by the ASA and AICPA organizations
Miami, FL (PRWEB) March 30, 2005 -- Captain Geary, the author contends that
to "Steal, cheat and lie your way to the top" is a growing practice on both
sides of the Atlantic that’s costing consumers millions each year. Anyone who
doubts the level of corruption within the insurance industry might speak with
Eliot Spitzer, the New York State Attorney General. Marine insurance is supposed
to be based on Uberrimae Fidei or utmost good faith but it hasn’t always worked
out that way. Author Ed Geary closely examines the background of marine
insurance fraud and the clever schemes that are used by boat owners, loss
adjusters, insurance brokers, and marine underwriters. ‘Gotcha’ addresses
important technical issues of marine claims while providing the reader with an
inside view to a number of fascinating case files. ‘Gotcha’ also provides an
insight to the lack of security measures and the ease that ports and Caribbean
cruise ships could be destroyed by terrorists.
During his five-year USCG training mission of the Venezuelan Coastguard the author’s disclosure of the CIA’s clandestine Operation Deep Six to destabilize the elected government of Venezuela and install Hugo Chavez as president put him in the cross-hairs of the Agency. Silencing him became an even greater priority when Geary exposed the CIA’s involvement in the theft of high value yachts used in government funded schemes to smuggle narcotics from Colombia to the United States. The CIA’s attempts to kill him failed and abruptly ended when CNN aired Geary’s story and exposed the Agency’s clandestine operations in Venezuela. The book alleges that president Chavez, citing numerous attempts on his life believes that the Bush administration through the CIA and the NED (National Endowment for Democracy) are focused on destroying the duly elected Repùblica Bolivariana de Venezuela.
'Gotcha’ delves into the flawed business practices of The London Salvage Association that ultimately destroyed an organization which has been around since the reign of Queen Victoria; further revealing the fraud and “trickle-down-corruption” that has tainted the Lloyd’s Agency System.
Before the melt-down of ENRON and WorldCom the author’s exposure of the cover-up of Arthur Andersen’s fraudulent ship valuation conspiracy brought forth the wrath of Andersen’s lawyers and threats on his life. The book alleges that Andersen’s co-conspirators in the cover-up of the fraud involved the once reliable Lloyd’s List in London, the American Society of Appraisers and the American Institute of Certified Public Accountants in New Jersey.
'Gotcha’ exposes and challenges the scandalous complicity of industry leaders while the heads of CEOs role from the chopping block as Eliot Spitzer pursues criminal prosecutions of those involved. The book contends that in spite of the authors numerous attempts in challenging the inappropriate and flawed selection of a former Arthur Andersen crony as the CEO of the Association of Certified Fraud Examiners (ACFE), Toby J.F. Bishop was appointed to the position on May 23, 2002. Prior to his gaining access to the ACFE Bishop was a partner with the responsibilities of managing Arthur Andersen’s Business Fraud and Investigative Practices Unit. His tenure of fraud oversight within the Andersen’s den of thieves was the same period that Federal prosecutors alleged that the CPA firm was actively involved in a conspiracy to obstruct justice and conceal one of the biggest accounting frauds and bankruptcies in US history. The author alleges that in August 2000 while his co-workers were busy shredding ENRON documents in Chicago and Houston Bishop was writing an article that appeared in the CPA Journal titled, “Quality Financial Reporting – Back to Basics.”
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Source : http://www.prweb.com/releases/2005/3/prweb222676.htm