February 9, 2022
Fraud Triangle as defined by Becker = Opportunity, Pressure Rationalization. Without transparency and proper reporting of a strong majority of our capital markets hard to say the Opportunity is not present. Ton of Pressure all the time, so we are allowing the system to have systematic risk. Its almost like a 3 strike rule where 2 of 3 strikes are almost aways present, and thats the way we set it up to run. Shaking my head - we should set it up where Opportunities are less as it is hard to manage individual Pressure/Rationalization (although more strict penalties/jail/shutting them out of a high market position would be beneficial)