March 11,2011. Many names have been removed.

Money Laundering

On May 31, 2002, Xamplify, on its website claimed the following with an illustration:

Lastly, X-Manager can be used to meet social and regulatory responsibilities more effectively, such as improved identification of individuals engaged in illicit activities... For example, they will accurately estimate individual customer ... propensity to engage in illicit activity (e.g., money laundering).

Dr. Andrew Rudd (Advisor Software and Barra Inc bought out by Morgan Stanley), Dr. Robert Oliver (Former Fair Isaac Chairman), Bob Burnett (Cisco co-founder), Dr. Douglas Goldman (Levi Strauss heir) were listed as investors. Dr. Andrew Rudd was the chairman, Dr. Robert Oliver apparently was a big player in the company for a long time but for some reasons didn't want to be on the executive list, and Dr. Adam Borison (Stanford?) was a senior executive. What do you think of their claim? (wink wink nudge nudge)

Other investors included Steven Berger, CEO of iParadigms and formerly CEO of New York Fabrics; Elwyn Berlekamp, UC Berkeley; Elliott Fineman, CEO of Plant Biotechnology and Founder of Supergen; John Goldman, formerly CEO of Goldman Insurance; David Hoffman, Associate Director of U.C. Berkeley's MSRI; Jeffrey Klein, CEO and former managing editor of Mother Jones; Stephen Leavitt, formerly Director of Technekron; Alan Stein, venture partner of Western Presidio Capital and former Goldman Sachs partner, and Peggy Taylor, formerly CEO of Peoplesoft. Aren't you impressed?

Just in case the above image does not load properly, the recommendations and conclusion for the the first cases is:

Money Laundering Likelihood: Moderate

• Report Suspicions
• Intensive Monitoring
• Restrict associated overseas accounts

Did you know that Terry was one of Xamplify's initial main advisors for a long-time? Terry who? Terry Winograd, a Stanford professor who talks real big on privacy issue (and other social issues) and currently is an advisor to Google. Also he is thesis advisor to Larry Page, the co-founder of Google. Never mind.

Check out Archive index page for a few past websites of Xamplify.