Ontario Community Newspapers

Oakville Beaver, 4 Jun 2015, p. 34

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www.insideHALTON.com | OAKVILLE BEAVER | Thursday, June 4, 2015 | 34 For more news, visit insidehalton.com FIFA scandal should serve as warning Dollars & Sense Peter Watson L Guest Contributor RAISE YOUR HAND FOR SAFETY 100% effort. It's what Canadians expect from us. In fact, in 2013 alone, more than $1.4 billion was spent on pipeline safety across Canada. As we move our energy to new markets we will never stop working to protect our Not actors. Real Canadians. environment, our people and our communities. Think oil and natural gas developed the Canadian way is good for Canada? Then now is the time to say so at raiseyourhandcanada.ca R0013294367-0604 ast week, a scandal erupted in the world's most popular sport. We can all learn a lesson from this. There are allegations the Fédération Internationale de Football Association (FIFA) is nothing more than a sporting criminal enterprise. If this proves to be true in the court of law, heads will roll. In Canada, we refer to football as soccer. Authorities in Switzerland and the U.S., last week, referred to the powerful role of the controlling world organization of soccer as criminal. FIFA is in deep trouble. Crime focuses on one thing -- money. Criminals want to seize money that rightfully does not belong to them. While last week's bombshell happened in sports, there can be similarities to criminal activities that have occurred in the investment business. Often, we hear how hundreds and sometimes thousands of investors have their investment assets stolen by criminals that have in ltrated the investment business. Bernie Madoff got his share of publicity for stealing $65 billion (U.S.) from thousands of clients. Most investment thefts are not as sensational, but for victims who have their assets stolen, the result is the same. Their money disappears. Sometimes in life, when bad things happen, it motivates us to be proactive and take measures to improve the way we live and manage our life. We suggest using the FIFA scandal to look for potential risks within your nancial assets. Allegedly, the issues with FIFA have been going on for decades. The rst time I suspected something had gone foul was when World Cup 2022 was awarded to Qatar. The Qatar temperature in the summer can be as high as 122F and not only is that dangerously high for the athletes, I'm not sure how many soccer fans would want to endure the sweltering heat just to witness a sporting event. Something did not seem right. There seemed to be no logic to this decision. How could this have happened? Authorities are suggesting this is just another example of how decades of see Don't on p.37

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