Question 1: Discuss how Petters Group Worldwide / Petters Company Inc. were able to conduct a $3.65 billion Ponzi scheme. Using the concepts and framework of Enterprise Risk Management, COSO, and/or the Basel Accords, make recommendations as to how a situation such as this can be prevented.
Question 2: Give at least one specific example of a company actively dealing with the operational risk issue(s) of wire fraud, identity theft, and/or cyber-attacks. How can Enterprise Risk Management be part of the solution?