Drawing on more than 15 years of experience at the U.S. Securities and Exchange Commission, including time spent as a forensic accountant in the Division of Enforcement, Daniel shares practical insights from investigating these frauds firsthand. The conversation explores the hallmarks of classic Ponzi schemes, common characteristics that appear across cases, the role of feeder funds and intermediaries, and why many schemes maintain an appearance of legitimacy despite underlying misconduct.

The episode also examines the challenges regulators and investors face in uncovering fraud, early-warning indicators organizations should watch for, and the controls and compliance practices that can help mitigate risk. Listeners will gain perspective on why some schemes collapse quickly while others remain undetected for years, as well as how transparency, governance, and effective oversight can serve as critical safeguards.

For compliance officers, regulators, investment advisers, and corporate leaders, the discussion provides timely lessons on fraud prevention, risk management, and the importance of maintaining healthy skepticism when investment opportunities appear too good to be true.

This podcast is available on Spotify and ComplianceinContextPodcast.com.

If you have any questions or would like to discuss how StoneTurn can help, reach out to Daniel Brinks.

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Disclaimer: The views expressed in this podcast are those of the individual and do not necessarily reflect the views of StoneTurn Group, LLP, Province, LLC, or their affiliates. This podcast is provided for informational purposes only and does not constitute legal, financial, or other professional advice.