Tag: adulterated

Bernie Madoff and the Honey Trap (Revised)

Detecting fraud is art, not science.  Harry Markopolos, the man who figured out Bernie Madoff’s fraud well in advance of the regulators, was a competitor of Madoff’s, obsessed with figuring out why Madoff’s results were so stable in all markets.  Because of his obsession, and his instinctive knowledge of those markets, he knew that there … Continue Reading

Unintended Consequences of FDA Mandatory Recall Authority?

For years, a debate has raged on the merits of vesting the FDA with mandatory recall powers. Mandatory recall is part of the food safety legislation that may or may not pass in this Congress, so it’s worth discussing. At present, the FDA lacks any power to order a recall. Its only legal authority is … Continue Reading
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