+ Slide 35
If we allow ourselves to trust one person:
Ron Harris, Nevada State Gaming Control Board
Convicted, 1998, for rigging gaming machines
He was a gaming machine test engineer.
He rigged his test fixtures to inject rigged software,
allowing him to steal $47,000 from Nevada casinos from
1992 to 1995. He got caught when he and confederates
tried to "clean out" Atlantic City in one day.
These corporate implosions involved auditors who had
more to gain from consulting than from thorough audits,
so they looked the other way when corporate executives
created fictional profits. In sum, the auditors acting
behalf of the shareholders, extended too much trust.