According to the Wall Street Journal, CBS Evening News, and 60 Minutes, Richard Bowen is the Citigroup whistleblower who repeatedly warned Citi executive management about risky business practices and potential losses related to mortgage lending. Mr. Bowen will present his story and share thoughts on the current business climate at the Greater Dallas Business Ethics Award Luncheon on May 17, 2016 at the Westin Galleria.
As a Business Chief Underwriter for Citigroup during the housing bubble financial crisis meltdown, he saw fraud firsthand inside the organization. For two years he repeatedly warned executive management and the board of directors; his warnings were ignored.
Richard subsequently testified before the Securities and Exchange Commission and gave them 1,000 pages of evidence of fraudulent activities, with the bank bailouts occurring three months later. In 2010, Richard was a key witness in the mortgage mishaps as he gave nationally televised testimony before the Financial Crisis Inquiry Commission.
Richard has taken the lessons learned from his 35 years of business experience and is now working with organizations that want to do things the right way. He speaks and consults with executives who want to build organizations with accountable and ethical corporate cultures.
Join us May 17, 2016 for the Greater Dallas Business Ethics Award and celebrate regional companies that have demonstrated a commitment to high ethical standards and corporate responsibility.