Download - Greg Meffert: Greed, Lies and Corruption
Greg Meffert:Greed, Lies, and Corruption
ByDwayne Barnes
New Orleans
• Established May 7, 1787
• Population 360,740 (2011)
• Mayor-Council Government Structure
Players
• Greg Meffert,
• former Chief Technology Officer
• Former dot com CEO
• Well respected businessman
The Players contd.
• Mark St. Pierre
• Former CEO of Imagine Software and Veracent
• Former employee of Meffert
The Crime
• 63 count indictment
• Conspiracy
• Wire Fraud
• Bribery concerning programs receiving federal funds
• Money Laundering
• False statements to investigators
• filing false tax returns
The Crime COndt.
• Conspiracy to use position to manipulate the procurement process for tech services and provided millions of dollars in city funds to St. Pierre and his companies
• St. Pierre illegally made payoffs or kickbacks to CTO, Greg Meffert
The scheme
• Meffert persuaded the Mayor to sign an Executive order removing technology contracts form the normal bidding process
• Meffert approved over $4 Million in no-bid contracts to St. Pierre owned companies.
• Meffert also forced price contractors to serve only as a conduit for contracts received and pushed the work and funds to St. Pierre owned companies
Show Me The money
• St. Pierre paid over $860,000 form 2004-2008
• $38,000 Check
• $130,000 corporate credit card
• $7,500 Membership Dues
• $35,000 PersonalExpenses
Show me The Money condt.
• $647,000 After leaving New Orleans
Conviction
• Meffert Pled Guilty to one count of conspiracy to commit wire fraud and bribery and one count of filing a false income tax return
• Agreed to testify again Mark St. Pierre for lighter sentence.
Internal COntrols
• Control Environment
• Risk Assessment
• Control Activities
• Information and Communications
• Monitoring
Control Environment
• Sets the tone of the organization and influences how employees with in the organization go about their daily tasks.
• The integrity, ethical, and competency of leadership and employees
• Leadership philosophy and operating style
• The way management assigns authority and responsibility
• The way management organizes and develops its people
Control Activities
• specific policies and procedures that ensure management directives are carried out.
• Approvals, Authorizations
• Statutory Duties, Verifications
• Segregation of Duties
• Security of Assets, Reconciliations
Questions???