Greg Meffert: Greed, Lies and Corruption

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A short presentation about Greg Meffert

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Greg Meffert: Greed, Lies and Corruption

  1. 1. Greg Meffert:Greed, Lies, and Corruption By Dwayne Barnes
  2. 2. New Orleans• Established May 7, 1787• Population 360,740 (2011)• Mayor-Council Government Structure
  3. 3. Players• Greg Meffert,• former Chief Technology Officer• Former dot com CEO• Well respected businessman
  4. 4. The Players contd.• Mark St. Pierre• Former CEO of Imagine Software and Veracent• Former employee of Meffert
  5. 5. The Crime• 63 count indictment • Conspiracy • Wire Fraud • Bribery concerning programs receiving federal funds • Money Laundering • False statements to investigators
  6. 6. 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
  7. 7. 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
  8. 8. 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
  9. 9. Show me The Money condt.• $647,000 After leaving New Orleans
  10. 10. 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.
  11. 11. Internal COntrols• Control Environment• Risk Assessment• Control Activities• Information and Communications• Monitoring
  12. 12. 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
  13. 13. 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
  14. 14. Questions???

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