Full Disclosure

March 26th, 2014




One of the few things that has remained constant over my time writing for The Carroll News is my understanding of what my column title, “Full Disclosure,” has represented. I originally titled my column in this fashion because I wanted it to be a source of transparent, unbiased, encompassing and relevant information.


The time has come for me to write my last column as editor of a page that I hope has brought to your attention many diverse, and often times conflicting, impacts that business and finance developments have on our daily lives. Even if this is your first time reading this column, I want to leave you with some final insight. Always maintain a healthy level of skepticism.


This past week, news has unraveled that a jury found former employees of Bernie L. Madoff guilty of aiding and assisting him in his Ponzi scheme.  Madoff was scamming investors since the mid-1980s according to the FBI, taking their money to manage within his private investment firm and instead keeping afloat a fraud supported by lies and fake documents. He has maintained for years since his conviction in 2009 that he was the only one supporting a scam that ultimately cost investors $17 billion. It makes sense that he was lying, as a hoax of such magnitude would not sensibly continue without a team effort.


A good example of how skepticism is being utilized in the business and finance world today is recent news that the Securities and Exchange Commission, an agency of the United States federal government that regulates investments, is investigating whether or not banks and companies are hiding fraudulent activities in complicated bond deals, or bets on corporate loans and debts.


Whenever you read, listen, learn and communicate with others, I advise you to maintain a filter, to create your own beliefs, your own implications and a genuine understanding.



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