John Brian Fast, CPA

The Genesis Fund created profits from nothing.

On August 3, 2010, in Los Angeles, California, John S. Lipton, founder and principal manager of the Genesis Fund, formerly of Mission Viejo and Laguna Hills, was sentenced to 70 months in prison.  The Genesis Fund was a bogus foreign currency exchange investment fund that operated as a Ponzi scheme.  As much as $60 million was stolen.

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Call me, please!

Will your view count as much as a big bank?

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President Obama creates The Bureau of Comsumer Financial Protection.

The Bureau of Consumer Financial Protection’s new agency director will have broad discretion to set the agency’s agenda and focus. This person will be charged with writing rules governing everything from mortgages to credit cards to payday loans.

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Why were the auditors sitting on the sidelines when the financial bubble was blowing up?

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iTunes security holes?

iTunes has some serious control issues.

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Some think that internal controls are a costly nuisance.  However, when essential controls are not followed it can be very expensive.

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