Thursday 8 December 2016

Emmet Oliver: Technology key to beating scourge of cheating firms

Emmet Oliver

Published 04/01/2011 | 05:00

The world's richest man, Warren Buffett, caught it best when he said: "You never know who's swimming naked until the tide goes out''.

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What he meant was that when recessions (or depressions) engulf apparently sound economies, all sorts of previously disguised behaviour is revealed for the first time to the outside world.

From pyramid schemes, to insider trading, to tax evasion, to overstated earnings, tough economic times tend to flush out the law breakers and shortcut takers in business.

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