Exposing Financial Fraud: Forensic Accountant & Whistleblower John McPherson on DarkHorse

Listen to this episode from DarkHorse Podcast | Bret Weinstein and Heather Heying on Spotify. Bret Weinstein speaks with John McPherson on the subject of forensic accounting and whistleblowing. McPherson highlighting his concerns about the current financial landscape and the potential for another financial crisis. ***** Sponsors: MUD\WTR: Start your new morning ritual & get up to 43% off your @MUDWTR with DARKHORSE at http://mudwtr.com/DARKHORSE #mudwtrpod Dose: Save 30% on your first month of subscription by going to http://dosedaily.co/DARKHORSE or entering DARKHORSE at checkout. ***** Join DarkHorse on Locals! Get access to our Discord server, exclusive live streams, live chats for all streams, and early access to many podcasts: https://darkhorse.locals.com/ Check out the DHP store! Epic tabby, digital book burning, saddle up the dire wolves, and more: https://www.darkhorsestore.org Theme Music: Thank you to Martin Molin of Wintergatan for providing us the rights to use their excellent music. ***** Mentioned in this episode: Monthly Patreon Discussion: https://www.patreon.com/bretweinstein The Big Short: https://amzn.to/3WzusnX (commission earned) The Life Partners Case: https://www.wsj.com/articles/life-partners-trustee-files-recovery-lawsuits-1458316739 Whistle Blower Award Process: https://www.sec.gov/enforcement-litigation/whistleblower-program Borrower Defense: https://studentaid.gov/borrower-defense Enron fake trading floor: https://www.theguardian.com/business/2002/feb/21/corporatefraud.enron1 Fair Rate Act: https://www.congress.gov/bill/115th-congress/senate-bill/186/text ***** Timestamps: (00:00:00) What is a Forensic Accountant and Whistleblower? (00:03:41) Understanding Ponzi Schemes and Their Mechanisms (00:06:30) Concerns About the Current Financial Landscape (00:13:19) A Deep Dive into Fraud: The Life Partners Case (00:16:41) Sponsors: Dose and MUD\WTR (00:20:19) A Deep Dive into Fraud: The Life Partners Case (Cont.) (00:27:07) The Role of the SEC and Recovery Efforts (00:31:14) Uncovering Fraud in Plain Sight (00:32:45) The Whistleblower Award Process (00:42:21) Fraud in For-Profit Education (00:49:22) The Bubble Game and Market Manipulation (01:00:01) Media's Role in Exposing Injustice (01:08:12) The Financial Crisis and Too Big to Fail (01:20:26) Whistleblowers and the Need for Accountability