Part 7/9:
On the subject of accountability, Charles welcomes former CFO of Crazy Eddie, Sam Antar, to discuss the broader implications of financial misconduct. Sam candidly recounts his past as a financial criminal, noting that white-collar crime has drastically decreased in severity over the years, particularly regarding government oversight.
He highlights a troubling trend of inattention by governing bodies towards financial fraud and waste. Since the 1980s, there has been a notable decline in prosecutions of such crimes, exacerbating issues of accountability in both public and private sectors.
Sam draws attention to the misuse of taxpayer money, particularly pointing to nonprofit organizations that often divert funds towards political machinations rather than their purported altruistic goals.