Ey Whistleblower claims global gambling networks related to organized crime

He accused a former senior partner in Ernt & Young the company of enabling it to enable Organized gambling associated with crime Companies in a comprehensive federal complaint filed in the southern region of New York.

Joe Howe, an old veterans for 35 years in EY and former leader of the Global Warranty Center, claims that the company “intentionally allowed the company to provide review and other professional services to companies, especially in the gaming, casino and parade sectors, which were controlled or closely related to organized crime groups and other criminal groups.”

Ey Whistleblower claims the gambling associated with organized crime to flourish

In 118 pages presentation Readers, Hui states that from 2017 to 2023, EY released “unchastational audit opinions” of a group of casino companies listed publicly despite their deposits containing “material errors”. He claims that these companies have links Organized crime through national Networks participated in illegal operations of “billions of dollars”.

Howeie warned that EY agents are involved and/or were involved in the agency in the bribery of government officials, fraud on governments, and other dangerous illegal actions. ” However, “I intentionally continued to check them and other links without taking effective measures to end these relationships or reduce the risk of checking failure.”

The complaint determines three registrants of the American Securities and Stock Exchange Committee (SEC), unidentified as two registrants from 1 to 3, which are allegedly controlled by families with relationships with Chinese organized crime groups. According to Hui, one of the patriarchs in those families was known as “Macau godfather”, and his children were placed in leadership roles through the affiliated casino entities.

Hoy told Ey that these entities were working in “criminal activity … more than $ 100 billion.” Among those involved, high -level junket operators have been convicted Macau In recent years. According to Chau, Suncity, managed the rooms of the VIPs in the Casinoes run by EY customers, which “provided the platform for some of the largest VIP operations in Chau”.

“Customers at risk”

Although it received frequent internal warnings, Howe claims that EY “refused to deal appropriately with legal risk situations”, while giving priority to revenues from clients at risk. He says that the global risk management leader in EY told him that “clients at risk are” better “, and ending these relationships will require” a fundamental shift in EY culture.

The complaint also stated that EY audits “violate professional standards” and “potentially SEC laws”, including failure to discover or detect customer relationships with organized crime and money laundering. Hawi raised fears that EY itself may have been pushed with illegal revenues.

Hui claims that when fears escalate and pushed for the strongest compliance, EY took revenge on his removal from leadership roles, rejects transitional opportunities, and eventually forced him to his early departure from the partnership. The complaint of those whose violations are submitted under the Sarbanes-Oxley Law.

The allegations depict a company that publicly emphasized morals and the quality of scrutiny with the indoor ignorance of the red flags. “The reality in EY is in a flagrant contradiction with its messages,” the complaint states. “EY leaders abandoned these stated values and instead gave the priorities of commercial efforts.”

Ey did not publicly respond to the complaint.

Readwrite has contacted Ey to comment.

Distinctive image: Jean Locke Valentin / Supporting creative rumors 3.0 Germany