Freedom of Information requests produce some really interesting results, and a recent requests submitted by the Press Association has provided some really interesting data about police officers use of facebook. Police are humans and susceptible to the same temptations as us all. However, they are expected to maintain high standards of professionalism and confidentiality, and it appears the various police forces around the country are now taking steps to reinforce this message. Apart from other reasons, police ought to be aware of the potential danger to them of revealing their personal information online, when they may have been instrumental in arresting and convicting hardened criminals.

Anyway, here are some of the facts disclosed by the FOI request :-

• In the last 4 years,  7 police officers have been dismissed, anumber of others have resigned and and 150 faced disciplinary action after posting inappropriate photos or comments on Facebook
• Facebook activity had included details of police operations and befriending victims.
• 187 complaints were received about officers over use of Facebook.
• An additional nearly 90 officers were subject to management action
• A study of eight forces found that over 3 of officers or staff using Facebook identified themselves as police employees and some 15% displayed police-related content in their profile picture.

With huge and complex fraud cases it can take years to unravel the multifarious aspects of such a case. Mr Madoff has been sitting in jail already for quite some time, and has over 145 years left to serve, but it is only now that litigation is starting seeking to ascribe blame (in part) to big institutions who are alleged perhaps to have known more than they let on or to have perhaps been negligent.

A number of banks are now facing the prospect of being sued. In the last week, proceedings were commenced against Barclays Plc for just shy of $70 million.

As is a feature of these types of complex Ponzi frauds, one of the matters holding up the litigation previously was the fact that a number of companies involved have gone bust either due to being set up to facilitate the fraud or perhaps victims of it. This in turn results in the trustees seeking to recover on behalf of victims needing to negotiate to take an assignment of the right to sue on behalf of that company, if the liquidated company is the correct and only legal entity that has the right to litigate.

We will keep a watching brief on the fascinating outcome of this wave of litigation. To put it into context, thus far, the trustee has filed over 1,000 lawsuits on behalf of Madoff victims, and is looking to recover over $94 billion !

This of course presents opportunities and is exciting, with each of us becoming more connected through technology. However, there is almost always a “yang” with a “ying”, and with opportunity comes risk. Stress levels have risen, the gap between the haves and have nots also generally increases and this means one thing, “risk”.

On this site we will deal with a wide variety of risk issues, how to take steps to minimise those risks or even prevent them and how to deal with situations when the “shit has hot the fan”.

In addition to practical advice and tips on risk, we will deal with a  number of case studies and current new systems, but we very much welcome contributions from others including guest posts so please do get in touch, but no spammers please !