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The gentleman’s agreement is obsolete jason thomas frost, PLLC 501.975.0238 jthomas@frostPLLC

The gentleman’s agreement is obsolete jason thomas frost, PLLC 501.975.0238 jthomas@frostPLLC.com. 2011 BEEF FINANCIAL MANAGEMENT CONFERENCE. INTRODUCTION. Introduction. THE PAST. The Past. Bernie Ebbers, CEO, WorldCom. The Past. Ken Lay, CEO, Enron. The Past. Dennis Kozlowski, CEO, Tyco.

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The gentleman’s agreement is obsolete jason thomas frost, PLLC 501.975.0238 jthomas@frostPLLC

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  1. The gentleman’s agreement is obsoletejasonthomasfrost, PLLC501.975.0238jthomas@frostPLLC.com 2011 BEEF FINANCIAL MANAGEMENT CONFERENCE

  2. INTRODUCTION JASON THOMAS – JTHOMAS@FROSTPLLC.COM

  3. Introduction JASON THOMAS – JTHOMAS@FROSTPLLC.COM

  4. THE PAST JASON THOMAS – JTHOMAS@FROSTPLLC.COM

  5. The Past Bernie Ebbers, CEO, WorldCom JASON THOMAS – JTHOMAS@FROSTPLLC.COM

  6. The Past Ken Lay, CEO, Enron JASON THOMAS – JTHOMAS@FROSTPLLC.COM

  7. The Past Dennis Kozlowski, CEO, Tyco JASON THOMAS – JTHOMAS@FROSTPLLC.COM

  8. The Past: US Govt’s Answer JASON THOMAS – JTHOMAS@FROSTPLLC.COM

  9. EASTERN LIVESTOCK CO., LLC JASON THOMAS – JTHOMAS@FROSTPLLC.COM

  10. Eastern Livestock: Inflation of A/R $32.5MM LOC FICTIOUS CATTLE SALES AFFILIATED COS JASON THOMAS – JTHOMAS@FROSTPLLC.COM

  11. Eastern Livestock: Check Kiting DRAWS ON $32.5MM LOC BASED ON DAILY BALANCES $20.0MM IN DAILY TRANSFERS CHECK KITING NON-FIFTH THIRD BANK ACCOUNT NON-FIFTH THIRD BANK ACCOUNT NON-FIFTH THIRD BANK ACCOUNT NON-FIFTH THIRD BANK ACCOUNT JASON THOMAS – JTHOMAS@FROSTPLLC.COM

  12. Eastern Livestock: 5th 3rd Freeze 5th3rd FREEZES ELC ACCOUNTS AND RETURNS CHECKS DRAWN CHECKS RETURNED FOR INSUFFICIENT FUNDS NON-FIFTH THIRD BANK ACCOUNT NON-FIFTH THIRD BANK ACCOUNT NON-FIFTH THIRD BANK ACCOUNT CATTLE PRODUCERS JASON THOMAS – JTHOMAS@FROSTPLLC.COM

  13. Eastern Livestock: Scope JASON THOMAS – JTHOMAS@FROSTPLLC.COM

  14. Madoff Bernie Madoff, Madoff Investment Securities JASON THOMAS – JTHOMAS@FROSTPLLC.COM

  15. Eastern Livestock: v Madoff JASON THOMAS – JTHOMAS@FROSTPLLC.COM

  16. PREVENTION JASON THOMAS – JTHOMAS@FROSTPLLC.COM

  17. MOTIVE/PRESSURE OPPORTUNITY RATIONALIZATION Situational Elements of Fraud JASON THOMAS – JTHOMAS@FROSTPLLC.COM

  18. An Integrated Approach Managing risk requires an integrated approach to balance conflicting objectives. PERSONAL GOALS RELATIONSHIPS TRUST HISTORY BUSINESS GOALS PROFIT SECURITY LONGEVITY JASON THOMAS – JTHOMAS@FROSTPLLC.COM

  19. An Integrated Approach STATE GOVT FEDERAL GOVT • OKLAHOMA • KENTUCKY • USDA/GIPSA CATTLE PRODUCER JASON THOMAS – JTHOMAS@FROSTPLLC.COM

  20. JASON THOMAS FROST, PLLC 501.975.0238 JTHOMAS@FROSTPLLC.COM JASON THOMAS – JTHOMAS@FROSTPLLC.COM

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