I keep thinking about the Somali fraud scandal. I see it as the same as what happened to the modest estate I am involved with as a beneficiary. The trustee/fiduciary approved the invoices without verification. And when the issue came before the courts, the court held that, since the trustee was a trusted institution, it was not necessary to scrutinize its expenses.
The Somali fraud is being found in California and other states as well.
