Fraud Examination 5th Edition by Steve Albrecht,Chad Albrecht,Conan Albrecht, Mark Zimbelman

Exercise 71

Refer back to the beginning of this chapter to the excerpt from a Los Angeles Times article about Reed Slatkin's fraud. The article insinuates that the FBI and IRS's raiding of Slatkin's office marked the beginning of the government's investigation of Slatkin's financial activities. In fact, Slatkin was under investigation for at least four years prior to the raid, and nearly a year and half previous to it, the SEC had already conducted a series of depositions featuring, among others, Reed Slatkin as a witness. Transcripts of two of these frauds are available online: Open http://slatkinfraud.com/depo_jan.htm (Depo 1) and http://slatkinfraud.com/depo_feb.htm (Depo 2). All page numbers refer to Depo 1 except as individually noted.
Page 142-2 to 144-25. Throughout the deposition, both Mr. Slatkin and his interrogators reference NAA Financial, a Swiss institution housing most of Slatkin's "friends' money." On a scale of 1-10, how confident is Mr. Boltz concerning NAA Financial
a. When asked how he can be certain that NAA Financial is "good for the money," how does he respond
b. Is Mr. Boltz's method of verification legitimate
c. Has he personally made contact
d. Who is Mitchell Axiall