Avsnitt

  • Whistleblowers are essential to discovering fraud. According to the Association of Certified Fraud Examiners, more than 40 percent of frauds are discovered by a tip or whistleblower. In this episode, Caleb and Greg talk to one for the first time on Oh My Fraud. Anthony Menendez, “The Accountant Who Beat Halliburton,” recounts his saga as a whistleblower, and shares the many lessons he learned along his journey.

    Sponsors
    Webgility - ohmyfraud.promo/webgility


    Chapters
    (00:00) - Welcome to Oh My Fraud(01:21) - The Halliburton Episode: A Prelude(02:54) - Meet Tony Menendez: The Accountant Who Took on Halliburton(04:27) - Tony's Early Life and Unexpected Path to Accounting(09:22) - The Sarbanes-Oxley Era and Its Impact on Tony's Career(11:21) - Tony's Transition to Halliburton and Initial Skepticism(23:52) - Uncovering Accounting Irregularities at Halliburton(29:20) - The Bill and Hold Controversy Explained(37:14) - Raising Concerns and the Fallouts(41:36) - The Fallout: Navigating Corporate Politics and Email Warnings(46:37) - The SEC Steps In: A Whistleblower's Hope and Disappointment(01:06:00) - The Fight for Whistleblower Rights: A Personal Battle(01:11:25) - The Verdict: A Crushing Blow to Whistleblower Protections(01:16:37) - Taking Matters into His Own Hands: The Appeal Process(01:18:27) - A Glimmer of Hope: Winning the Appeal(01:20:34) - Back to Square One: The Lower Court's Stubborn Stance(01:23:46) - A Final Victory? The Appeals Court's Decision(01:29:25) - The Aftermath: Life After Whistleblowing(01:34:12) - A New Chapter: From Whistleblower to Professor(01:37:23) - Thanks for Listening and Remember to Rate & SubscribeCONNECT WITH TONYLinkedIn: https://www.linkedin.com/in/anthonyjmenendez
    LMU - https://cba.lmu.edu/academics//faculty/anthony.menendez

    HOW TO EARN FREE CPE

    In less than 10 minutes, you can earn 1 hour of NASBA-approved accounting CPE after listening to this episode. Download our mobile app, sign up, and look for the Oh My Fraud channel. Register for the course, complete a short quiz, and get your CPE certificate.

    Download the app:

    Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728
    Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app

    Questions? Need help? Email [email protected].

    CONNECT WITH THE HOSTS

    Greg Kyte, CPA
    Twitter: https://twitter.com/gregkyte
    LinkedIn: https://www.linkedin.com/in/gregkyte/

    Caleb Newquist
    Twitter: https://twitter.com/cnewquist
    LinkedIn: https://www.linkedin.com/in/calebnewquist/

    Email us at [email protected]
    References:
    The Whistleblower’s Tale: How An Accountant Took on Halliburton [ProPublica]

    He fought Halliburton and won [Fraud Magazine]

    I am a Halliburton Whistleblower. I fought them for 9 years and (eventually) won. Ask Me Anything. [Reddit]

    Anthony J. Menendez [LinkedIn]

    Anthony Menendez [Loyola Marymount University]

  • Everyone dreams of winning the lottery. Some may even fantasize about trying to game the system. But only a very small few actually have the opportunity to tip the odds in their favor. In this episode, Caleb and Greg discuss an audacious scheme to rig the Iowa lottery.

    HOW TO EARN FREE CPE

    In less than 10 minutes, you can earn 1 hour of NASBA-approved accounting CPE after listening to this episode. Download our mobile app, sign up, and look for the Oh My Fraud channel. Register for the course, complete a short quiz, and get your CPE certificate.

    Download the app:

    Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728
    Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app

    Questions? Need help? Email [email protected].

    CONNECT WITH THE HOSTS

    Greg Kyte, CPA
    Twitter: https://twitter.com/gregkyte
    LinkedIn: https://www.linkedin.com/in/gregkyte/

    Caleb Newquist
    Twitter: https://twitter.com/cnewquist
    LinkedIn: https://www.linkedin.com/in/calebnewquist/

    Email us at [email protected]

    Sources:
    The Winning Ticket — by Rob Sand with Reid Forgrave

    'Hot Lotto' scammer Eddie Tipton paroled after 5 years in Iowa prison — Des Moines Register

    The Untold Story of How a Gaming Geek with a Checkered Past Pulled Off the Biggest Lottery Scam in US History — Des Moines Register

    Lotteries in the United States — Wikipedia

    Lottery machine - Wikipedia — Wikipedia

    https://www.youtube.com/watch?v=go-0mkWNrlk — PowerBall YouTube Channel

    https://www.youtube.com/watch?v=dRNpRgMiVQU — Mega Millions YouTube Channel

    Lotto America Moves to Digital Drawings — PowerBall

    Lotto America — Wikipedia

    1980 Pennsylvania Lottery scandal — Wikipedia

  • Saknas det avsnitt?

    Klicka här för att uppdatera flödet manuellt.

  • Chances are, you probably remember a massive fraud from the late 2000s that created a media circus. Just maybe not this one. In this episode, Caleb and Greg delve into a saga of Allen Stanford, the mastermind of a convoluted, multi-decade, multi-billion-dollar Ponzi scheme.

    Sponsors
    Airbase - https://ohmyfraud.promo/airbase

    HOW TO EARN FREE CPE

    In less than 10 minutes, you can earn 1 hour of NASBA-approved accounting CPE after listening to this episode. Download our mobile app, sign up, and look for the Oh My Fraud channel. Register for the course, complete a short quiz, and get your CPE certificate.

    Download the app:

    Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728
    Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app

    Questions? Need help? Email [email protected].

    CONNECT WITH THE HOSTS

    Greg Kyte, CPA
    Twitter: https://twitter.com/gregkyte
    LinkedIn: https://www.linkedin.com/in/gregkyte/

    Caleb Newquist
    Twitter: https://twitter.com/cnewquist
    LinkedIn: https://www.linkedin.com/in/calebnewquist/

    Email us at [email protected]

    Sources:

    James Stanford [Obituary]Stanford's Failed Health Club [BusinessWeek via WayBack Machine]The Dark Knight [Texas Monthly]Not Quite Cricket [The New Yorker]Stanford Financial Group [Wikipedia]Viewing Financial Crimes as Economic Homicide [NYT]Cook Islands, a Paradise of Untouchable Assets [NYT]United States v. Robert Allen Stanford et al. [SEC]Warning signs showed Stanford empire was built on 'threats and innuendos' [The Guardian]Handcuffed Stanford pleads not guilty [ESPNcricinfo]Seven charges against Allen Stanford are dropped [BBC]Allen Stanford ruled unfit to stand trial for fraud [BBC]Judge weighs whether Allen Stanford fit for trial [Reuters]Defiant US fraudster Allen Stanford vows to clear name [BBC]The Rise and Fall of Allen Stanford [Ministry Watch]TD Bank reaches $1.2 billion settlement in Ponzi scheme lawsuit [CNN]After 15 years of motions and delays, trial for Stanford Trust fraud could happen next year [The Advocate]
  • Hollywood loves a sequel, so Caleb and Greg return with two more stories of celebrities who fell victim to fraud.

    HOW TO EARN FREE CPE

    In less than 10 minutes, you can earn 1 hour of NASBA-approved accounting CPE after listening to this episode. Download our mobile app, sign up, and look for the Oh My Fraud channel. Register for the course, complete a short quiz, and get your CPE certificate.

    Download the app:

    Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728
    Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app

    Questions? Need help? Email [email protected].

    CONNECT WITH THE HOSTS

    Greg Kyte, CPA
    Twitter: https://twitter.com/gregkyte
    LinkedIn: https://www.linkedin.com/in/gregkyte/

    Caleb Newquist
    Twitter: https://twitter.com/cnewquist
    LinkedIn: https://www.linkedin.com/in/calebnewquist/

    Email us at [email protected]


    Sources:

    Kevin Hart

    Kevin Hart Net Worth: Comedy, Movies, and Investing [MoneyMade]Kevin Hart's former personal shopper charged with $1 million in theft [USA Today]Top 10 Highest Grossing Comedy Tours of 2023 [Billboard]Kevin Hart is Forbes' highest-earning stand-up comedian of 2019 [UPI]10 Richest Stand-up Comedians in the World [Comedyville]Kevin Hart doesn't have a brand. He is the brand [Los Angeles Times]CELEBRITY PERSONAL SHOPPER CHARGED WITH DEFRAUDING COMEDIAN KEVIN HART [Office of the District Attorney Queens County]

    Courtney Love

    Courtney Love [Wikipedia]Courtney Love explains why you’ve got to do the math [Financial Times]Courtney Love [WTF with Marc Maron]LOVE GOES AFTER KURT ‘LOOTERS’ [New York Post]Courtney Love Labors to Get Back Kurt Cobain's MIA Fortune [E!]Courtney Love Sued Again for Defamation on Twitter [The Hollywood Reporter]Courtney Love Looks to Sue Ex-Attorney Over Bizarre Kurt Cobain Estate Fraud Claims [The Hollywood Reporter]Courtney Love Wins Twitter Defamation Trial [The Hollywood Reporter]

    Correction: In this episode, Greg incorrectly refers to a musician who wears a giant mouse head with X's for eyes. The artist is Deadmau5 not Modest Mouse. We apologize to the horde or whoever.

  • Cleaning dirty money may be as old as money itself. In this episode, Caleb and Greg discuss the history of money laundering, from ancient China to Prohibition to the greatest American political scandal of the 20th century.

    HOW TO EARN FREE CPE

    In less than 10 minutes, you can earn 1 hour of NASBA-approved accounting CPE after listening to this episode. Download our mobile app, sign up, and look for the Oh My Fraud channel. Register for the course, complete a short quiz, and get your CPE certificate.

    Download the app:

    Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728
    Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app

    Questions? Need help? Email [email protected].

    CONNECT WITH THE HOSTS

    Greg Kyte, CPA
    Twitter: https://twitter.com/gregkyte
    LinkedIn: https://www.linkedin.com/in/gregkyte/

    Caleb Newquist
    Twitter: https://twitter.com/cnewquist
    LinkedIn: https://www.linkedin.com/in/calebnewquist/

    Email us at [email protected]

    Sources:

    The History Of Money Laundering: Know The Important Origin Of Money Laundering — Financial Crime Academy

    The Three Stages Of Money Laundering And How Money Laundering Works. — Financial Crime Academy

    Penn Jillette Street Performing Millionaire — Anecdotage

    The evolution of money laundering from ancient China to the internet — Grant Thornton Malta

    Malta a ‘transit point’ for weapons trafficking from Southern Europe to North Africa — Malta Today

    Global Organized Crime Index 2023 — Global Initiative Against Transnational Organized Crime

    Prohibition Profits Transformed the Mob — The Mob Museum

    Prohibition — Wikipedia

    The underworld laundromat: How to clean $10 million in mob money — National Post (Canada)

    The "Secret" History of the Bank Secrecy Act — FTI Consulting

    President Richard Nixon and the Watergate Scandal — For Dummies Website

    Bank Secrecy Act — Wikipedia

    Money Laundering Control Act (MLCA) Overview - Willkie Compliance

    Three Elements That Must Be Proven in a Money Laundering Case — Sanction Scanner

  • During the Reconstruction era, legal, social, and political change was pervasive throughout the United States as it recovered from the Civil War and the end of slavery. In this episode, Caleb and Greg discuss the effort to help newly emancipated people with a service most of us take for granted today—banking.

    HOW TO EARN FREE CPE

    In less than 10 minutes, you can earn 1 hour of NASBA-approved accounting CPE after listening to this episode. Download our mobile app, sign up, and look for the Oh My Fraud channel. Register for the course, complete a short quiz, and get your CPE certificate.

    Download the app:

    Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728
    Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app

    Questions? Need help? Email [email protected].

    CONNECT WITH THE HOSTS

    Greg Kyte, CPA
    Twitter: https://twitter.com/gregkyte
    LinkedIn: https://www.linkedin.com/in/gregkyte/

    Caleb Newquist
    Twitter: https://twitter.com/cnewquist
    LinkedIn: https://www.linkedin.com/in/calebnewquist/

    Email us at [email protected]


    Sources:

    Transcript of the Emancipation Proclamation [National Archives]End of slavery in the United States [Wikipedia]Juneteenth [Wikipedia]Thirteenth Amendment to the United States Constitution [Wikipedia]Reconstruction era [Wikipedia]Freedmen’s Bank [Britannica]Freedman's Savings Bank [Wikipedia]Freedman's Bank Building [US Department of the Treasury]The Freedman’s Bank Forum obscures the bank’s real history [Washington Post]“The hands are white that handle the money”: Review of Carl R. Osthaus, Freedmen, Philanthropy, and Fraud: A History of the Freedman’s Savings Bank [βιβλιοσκώληξ](1876) “Committee on the Freedman’s Bank,” in Reports of Committees of the House of Representatives. Washington: Government Printing Office.(1880) United States Senate, Report of the Select Committee to Investigate the Freedman’s Savings and Trust Company. Washington: Government Printing Office.Freedman's Savings and Trust Company [Smithsonian Institution]
  • Caleb and Greg recount their favorite swindles, interviews, and culprits from the year that was Oh My Fraud 2023.


    HOW TO EARN FREE CPE

    In less than 10 minutes, you can earn 1 hour of NASBA-approved accounting CPE after listening to this episode. Download our mobile app, sign up, and look for the Oh My Fraud channel. Register for the course, complete a short quiz, and get your CPE certificate.

    Download the app:

    Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728
    Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app

    Questions? Need help? Email [email protected].

    CONNECT WITH THE HOSTS

    Greg Kyte, CPA
    Twitter: https://twitter.com/gregkyte
    LinkedIn: https://www.linkedin.com/in/gregkyte/

    Caleb Newquist
    Twitter: https://twitter.com/cnewquist
    LinkedIn: https://www.linkedin.com/in/calebnewquist/

    Email us at [email protected]

    Favorite Cases
    https://ohmyfraud.com/episodes/high-steaks-fraud-the-case-of-easterday-farms
    https://ohmyfraud.com/episodes/fat-shamming-the-guy-who-corrupted-the-u-s-navy

    Favorite Perps
    https://ohmyfraud.com/episodes/all-hat-and-no-cartel-the-case-of-dwi-dude
    https://ohmyfraud.com/episodes/all-that-glitters-is-not-fraud-the-case-of-bre-x-minerals

    Favorite Interviews
    https://ohmyfraud.com/episodes/steven-thomas-the-lawyer-who-sues-the-big-4-for-missing-fraud-and-wins
    https://ohmyfraud.com/episodes/meet-the-fraudster-nathan-mueller

  • Public schools are the foundation of American education, and few were better than Roslyn High School in Nassau County, New York. The school’s success was largely due to one man, its ambitious superintendent, Frank Tassone. But when Frank’s key lieutenant is caught up in a scandal, it threatens everything, even Frank.

    HOW TO EARN FREE CPE

    In less than 10 minutes, you can earn 1 hour of NASBA-approved accounting CPE after listening to this episode. Download our mobile app, sign up, and look for the Oh My Fraud channel. Register for the course, complete a short quiz, and get your CPE certificate.

    Download the app:

    Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728
    Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app

    Questions? Need help? Email [email protected].

    CONNECT WITH THE HOSTS

    Greg Kyte, CPA
    Twitter: https://twitter.com/gregkyte
    LinkedIn: https://www.linkedin.com/in/gregkyte/

    Caleb Newquist
    Twitter: https://twitter.com/cnewquist
    LinkedIn: https://www.linkedin.com/in/calebnewquist/

    Email us at [email protected]


    Sources:

    -The Bad Superintendent — NY Magazine (best article)

    -The Real-Life Fraud Behind HBO's "Bad Education" — ACFE Insights

    -Where Are Pamela Gluckin And Frank Tassone, From The 'Bad Education' Embezzlement Scheme, Now? — Oxygen

    -On Top of the News at Roslyn High — The New York Times

    -Roslyn Union Free School District: Anatomy of A Scandal — Office of New York State Comptroller Scribd

    -NYC Renter Household Incomes Grew Faster Than Rents Between 2014 and 2015 — NYU Furman Center Blog

    -Former Schools Chief of Roslyn Gets 4 to 12 Years in Fraud — NYT

    -From the archives: Roslyn school district embezzlement — Newsday

    -Ex-administrator pleads guilty in embezzlement case — Associated Press

    -Roslyn HS reporter who broke 'Bad Education' story speaks 16 years later - The Island Now — The Island Now

    -Roslyn Union Free School Dist. v Jaspan Schlesinger Hoffman LLP — New York Court Records

    -Four Indicted in Roslyn School District's Financial Scandal — NYT

    -Bad Education: Hugh Jackman HBO film criticised by real-life subject for ‘sordid’ depiction of sexuality — The Independent

    Correction: In this episode, Caleb incorrectly states the character played by Anthony Rapp in Rent. Rapp played Mark Cohen not Roger Davis. We apologize to all the theater nerds for the error.

  • A savvy Texas lawyer who’s made a name for himself defending people accused of drunk driving and marijuana possession tries his hand at high-end extradition cases involving Colombian drug lords. What could go wrong? Everything.

    HOW TO EARN FREE CPE

    In less than 10 minutes, you can earn 1 hour of NASBA-approved accounting CPE after listening to this episode. Download our mobile app, sign up, and look for the Oh My Fraud channel. Register for the course, complete a short quiz, and get your CPE certificate.

    Download the app:

    Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728
    Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app

    Questions? Need help? Email [email protected].

    CONNECT WITH THE HOSTS

    Greg Kyte, CPA
    Twitter: https://twitter.com/gregkyte
    LinkedIn: https://www.linkedin.com/in/gregkyte/

    Caleb Newquist
    Twitter: https://twitter.com/cnewquist
    LinkedIn: https://www.linkedin.com/in/calebnewquist/

    Email us at [email protected]

    Sources:

    The DWI Lawyer Who Represented Cocaine Traffickers—and Paid the Price [Texas Monthly]Drunk with Power | American Greed 'Reeferendum' spotlights candidate [San Antonio Express-News] S.A.'s 'DWI Dude' denies scamming Colombian narco-terror group chief [San Antonio Express-News]Austin lawyer known as ‘DWI Dude’ gets 15 1/2 years in prison for scamming Colombian narcos [Dallas Morning News]Texas Lawyer Gets 15 Years for Scheme to Defraud Cocaine Traffickers [New York Times]Central Texas Lawyer Guilty of Swindling Colombian Drug Trafficking Clients [DOJ]Central Texas Lawyer Sentenced for Swindling Colombian Drug Trafficking Clients [DOJ]United States v. Balagia [Case Text]Texas Lawyer Loses Appeal Over Drug Trafficking Conviction [Bloomberg Law]MR. JAMES MORRIS 'JAMIE' BALAGIA [State Bar of Texas]
  • Professor James Park’s new book chronicles the history of securities fraud in the US, and oh, what a history it is, featuring some of the most infamous episodes in American business. In this episode, Caleb and Greg talk with Jim about some of the notable cases in his book, whether executives or underlings actually bear the responsibility for wrongdoing, if everything truly is securities fraud and more.

    HOW TO EARN FREE CPE

    In less than 10 minutes, you can earn 1 hour of NASBA-approved accounting CPE after listening to this episode. Download our mobile app, sign up, and look for the Oh My Fraud channel. Register for the course, complete a short quiz, and get your CPE certificate.

    Download the app:

    Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728
    Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app

    Questions? Need help? Email [email protected].

    CONNECT WITH THE GUEST

    James Park
    Website: https://law.ucla.edu/faculty/faculty-profiles/james-park
    LinkedIn: https://www.linkedin.com/in/james-park-a0a7161

    Buy the book! https://www.amazon.com/Valuation-Treadmill-Securities-Threatens-Integrity/dp/1108940412/ref=sr_1_1?crid=1A9AK5L4Q56XK&keywords=the+valuation+treadmill&qid=1650296004&sprefix=%2Caps%2C90&sr=8-1

    CONNECT WITH THE HOSTS

    Greg Kyte, CPA
    Twitter: https://twitter.com/gregkyte
    LinkedIn: https://www.linkedin.com/in/gregkyte/

    Caleb Newquist
    Twitter: https://twitter.com/cnewquist
    LinkedIn: https://www.linkedin.com/in/calebnewquist/

    Email us at [email protected]

  • Who’s the last person you’d suspect of committing fraud? Your grandmother? A good friend? Someone who always seems to be thinking about how they can help others? In this episode, Caleb and Greg discuss a case where someone checks all of those boxes.

    HOW TO EARN FREE CPE

    In less than 10 minutes, you can earn 1 hour of NASBA-approved accounting CPE after listening to this episode. Download our mobile app, sign up, and look for the Oh My Fraud channel. Register for the course, complete a short quiz, and get your CPE certificate.

    Download the app:

    Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728
    Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app

    Questions? Need help? Email [email protected].

    CONNECT WITH THE HOSTS

    Greg Kyte, CPA
    Twitter: https://twitter.com/gregkyte
    LinkedIn: https://www.linkedin.com/in/gregkyte/

    Caleb Newquist
    Twitter: https://twitter.com/cnewquist
    LinkedIn: https://www.linkedin.com/in/calebnewquist/

    Email us at [email protected]

    Sources:

    Viles ‘in a league of her own’ after guilty verdict in $500K theft from town, prosecutor says — Kennebec Journal

    Claudia Viles, Even After Tax Theft Conviction, Commands Community Favor — Kennebec Journal Morning Sentinel

    Property owned by Anson town clerk convicted of embezzlement to be auctioned — Mainebiz.biz

    Former Anson tax collector to serve five years on theft charges — Portland Press Herald

    Circumstances that made it easy for Viles to steal not unique to Anson — CentralMaine.com

    Difference between Tax Collector & Assessor — Orange County Treasurer’s Office

    About The Florida Tax Collector — Sarasota County Tax Collector

    Municipal Tax Collectors — Connecticut’s Official State Website

    Title 36, §1487: Collection of tax — Maine.gov

    Anson, Maine — Wikipedia

    Claudia Viles, who will serve five years for embezzlement, vows to clear her name — CentralMaine.com

    Median Household Income in Maine — St. Louis Fed

  • Certified Public Accountants are some of the most hard working, trustworthy advisors in our society. But you don’t listen to Oh My Fraud to hear about them. In this episode, Caleb and Greg discuss a CPA who used his position as a trusted advisor to swindle millions.


    HOW TO EARN FREE CPE

    In less than 10 minutes, you can earn 1 hour of NASBA-approved accounting CPE after listening to this episode. Download our mobile app, sign up, and look for the Oh My Fraud channel. Register for the course, complete a short quiz, and get your CPE certificate.

    Download the app:

    Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728
    Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app

    Questions? Need help? Email [email protected].

    CONNECT WITH THE HOSTS

    Greg Kyte, CPA
    Twitter: https://twitter.com/gregkyte
    LinkedIn: https://www.linkedin.com/in/gregkyte/

    Caleb Newquist
    Twitter: https://twitter.com/cnewquist
    LinkedIn: https://www.linkedin.com/in/calebnewquist/

    Email us at [email protected]

    Sources:

    IN THE MATTER OF: DOUGLAS A. RICHARDSON, CPA, LLC; and DOUGLAS A. RICHARDSON | ORDER TO CEASE AND DESIST AND ORDER TO SHOW CAUSE WHYRESTITUTION, CIVIL PENALTIES, AND COSTS SHOULD NOT BE IMPOSED [Missouri Secretary of State] Jury Convicts Lebanon CPA of $7 Million Wire Fraud, Money Laundering Scheme [DOJ]Former Lebanon, Mo. CPA sentenced to prison for Ponzi scheme [KY3]United States v. Douglas Richardson, No. 21-2370 (8th Cir. 2022) [Justia]Pre-Employment Inquiries and Financial Information — US Equal Employment Opportunity CommissionIndictment
  • Sponsors


    Murder, kidnapping, dismemberment—these are the crimes of many a true crime podcast; just not this true crime podcast. In this episode, Caleb and Greg explore wire fraud, its history, and why it comes up in nearly every case study they discuss.

    HOW TO EARN FREE CPE

    In less than 10 minutes, you can earn 1 hour of NASBA-approved accounting CPE after listening to this episode. Download our mobile app, sign up, and look for the Oh My Fraud channel. Register for the course, complete a short quiz, and get your CPE certificate.

    Download the app:

    Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728
    Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app

    Questions? Need help? Email [email protected].

    CONNECT WITH THE HOSTS

    Greg Kyte, CPA
    Twitter: https://twitter.com/gregkyte
    LinkedIn: https://www.linkedin.com/in/gregkyte/

    Caleb Newquist
    Twitter: https://twitter.com/cnewquist
    LinkedIn: https://www.linkedin.com/in/calebnewquist/

    Email us at [email protected]

    Sources:

    The History Of Wire Fraud — LAWS.com

    Wire Fraud: Definition, examples, and prevention. — Datavisor

    Mail and wire fraud — Wikipedia

    U.S. postal system established | July 26, 1775 — History.com

    Telegraph | Invention, History, & Facts — Britannica

    History of the Mail Fraud Statute — United States Postal Inspection Service

    Wire and Mail Fraud — Prison Professors

    Uncovering the Legislative Histories of the Early Mail Fraud Statutes: The Origin of Federal Auxiliary Crimes Jurisdiction — University of Utah Law

    P.T. Barnum was an Early Adopter of the Telegraph- So he Could Prank his Co-Workers — Another Century Blog

    Wired on Crime: Soapy Smith’s Telegraph Con — Another Century Blog

    18 U.S. Code § 1343 - Fraud by wire, radio, or television — Cornell Law School

    What is Wire Fraud, and What is the Statute of Limitations for Wire Fraud? — Warren Law Group

    Former Enron CEO Jeffrey Skilling Resentenced to 168 Months for Fraud, Conspiracy Charges — DOJ

    Federal Jury Convicts Former Enron Chief Executives Ken Lay, Jeff Skilling On Fraud, Conspiracy And Related Charges — DOJ

  • Sponsors


    Caleb and Greg discuss a beloved oenophile who was shaking up the stuffy world of high-end wine collectors by buying and selling large quantities of sought after bottles.

    HOW TO EARN FREE CPE

    In less than 10 minutes, you can earn 1 hour of NASBA-approved accounting CPE after listening to this episode. Download our mobile app, sign up, and look for the Oh My Fraud channel. Register for the course, complete a short quiz, and get your CPE certificate.

    Download the app:

    Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728
    Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app

    Questions? Need help? Email [email protected].

    CONNECT WITH THE HOSTS

    Greg Kyte, CPA
    Twitter: https://twitter.com/gregkyte
    LinkedIn: https://www.linkedin.com/in/gregkyte/

    Caleb Newquist
    Twitter: https://twitter.com/cnewquist
    LinkedIn: https://www.linkedin.com/in/calebnewquist/

    Email us at [email protected]

    Sources:


    The great wine fraud - The Guardian

    Southern District of New York | Wine Dealer Rudy Kurniawan Convicted In Manhattan Federal Court For Creating And Selling Millions Of Dollars Of Counterfeit Wine | United States Department of Justice - DOJ

    Southern District of New York | Prominent Wine Dealer Rudy Kurniawan Sentenced In Manhattan Federal Court To 10 Years In Prison For Selling Millions Of Dollars Of Counterfeit Wine - DOJ

    Manhattan U.S. Attorney And FBI Assistant Director-In-Charge Announce Charges Against Wine Dealer For Multi-Million Dollar Fraud Schemes - DOJ

    Sour Grapes - Documentary Film currently available on Peacock

    How Long Can A Wine Be Stored And When Is It Ready To Drink? - rarewineinvest.com

    History Of The Wine Investment Market - BiBO

    How Rudy Kurniawan Fooled the Wine World - Wine Enthusiast

    The F.B.I. Has an Art Crime Team. And These Days, It’s Busy - NYT

    Billionaire Koch brother's crusade against counterfeit wine - CBS News

    In Vino Duplicitas: The Rise and Fall of a Wine Forger Extraordinaire - Book by Peter Hellman

  • Caleb and Greg talk to one of their fraud podcasting forebears, investigator Chris Marquet. Chris hosted the Fraud Talk podcast in 2014 and 2015, basing the show on discussions of fraud topics with various experts and decades of his professional experience.

    Sponsors
    South Carolina Association of CPAs (SCACPA) - https://ohmyfraud.promo/scacpa

    HOW TO EARN FREE CPE

    In less than 10 minutes, you can earn 1 hour of NASBA-approved accounting CPE after listening to this episode. Download our mobile app, sign up, and look for the Oh My Fraud channel. Register for the course, complete a short quiz, and get your CPE certificate.

    Download the app:

    Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728
    Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app

    Questions? Need help? Email [email protected].

    Connect With Chris

    LinkedIn: https://www.linkedin.com/in/chris-marquet-4262533
    Fraud Talk Podcast: https://www.voiceamerica.com/show/2349/fraudtalk

    Connect With The Hosts

    Greg Kyte, CPA
    Twitter: https://twitter.com/gregkyte
    LinkedIn: https://www.linkedin.com/in/gregkyte/

    Caleb Newquist
    Twitter: https://twitter.com/cnewquist
    LinkedIn: https://www.linkedin.com/in/calebnewquist/

    Email us at [email protected]

  • There is no greater affront to American society than the scammed celebrity. In this episode, Caleb and Greg discuss two cases of famous entertainers—singer/songwriter Billy Joel and standup comedian Dane Cook—who were both betrayed and swindled by someone they should’ve been able to trust: their business managers.

    Sponsors
    South Carolina Association of CPAs (SCACPA) - https://ohmyfraud.promo/scacpa


    HOW TO EARN FREE CPE

    In less than 10 minutes, you can earn 1 hour of NASBA-approved accounting CPE after listening to this episode. Download our mobile app, sign up, and look for the Oh My Fraud channel. Register for the course, complete a short quiz, and get your CPE certificate.

    Download the app:

    Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728
    Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app

    Questions? Need help? Email [email protected].

    CONNECT WITH THE HOSTS

    Greg Kyte, CPA
    Twitter: https://twitter.com/gregkyte
    LinkedIn: https://www.linkedin.com/in/gregkyte/

    Caleb Newquist
    Twitter: https://twitter.com/cnewquist
    LinkedIn: https://www.linkedin.com/in/calebnewquist/

    Email us at [email protected]


    Sources:

    Billy Joel

    Billy Joel [Wikipedia]How Billy Joel’s three wives stole his heart and his money [New York Post]Billy Joel Sues Former Manager for $90 Million [Los Angeles Times]Billy Joel's ''River of Dreams'' [Entertainment Weekly]Billy Joel on Not Working and Not Giving Up Drinking [New York Times Magazine]

    Dane Cook

    Dane Cook [Wikipedia]Relative embezzled millions from actor [The Boston Globe]Woman sentenced in Cook thefts [UPI]Dane Cook's half-brother, sister-in-law must repay $12 million [CNN]'Jeopardy ' Posed a Question About Dane Cook's Convicted Half-Brother — See His Shocked Reaction [People]Dane Cook's Brother Stole MILLIONS From Him [Your Mom’s House]



  • What do you get when you mix a polygamous cult, biofuel, and federal tax credits? Sure, maybe the worst orgy you’ve ever been to, but also: a gigantic fraud. Caleb and Greg discuss all of this and more in this episode.

    Sponsors
    South Carolina Association of CPAs (SCACPA) - https://ohmyfraud.promo/scacpa


    HOW TO EARN FREE CPE

    In less than 10 minutes, you can earn 1 hour of NASBA-approved accounting CPE after listening to this episode. Download our mobile app, sign up, and look for the Oh My Fraud channel. Register for the course, complete a short quiz, and get your CPE certificate.

    Download the app:

    Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728
    Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app

    Questions? Need help? Email [email protected].

    CONNECT WITH THE HOSTS

    Greg Kyte, CPA
    Twitter: https://twitter.com/gregkyte
    LinkedIn: https://www.linkedin.com/in/gregkyte/

    Caleb Newquist
    Twitter: https://twitter.com/cnewquist
    LinkedIn: https://www.linkedin.com/in/calebnewquist/

    Email us at [email protected]

    Sources:

    Leader of $1 Billion Polygamist Fraud Gets 40 Years in Prison - Bloomberg

    A multimillion-dollar biofuel fraud began with a cowboy hat and a slew of seafood, Jacob Kingston testifies - Salt Lake Tribune

    Jacob Kingston testifies about his polygamous sect and the birth of a multimillion-dollar tax scam - Salt Lake Tribune

    Girls in polygamous Kingston Group continue to marry as young as 15, records show, sometimes leaving Utah to marry cousins - Salt Lake Tribune

    Fallout from Washakie fraud could cost polygamous Kingston Group members their businesses and homes - Salt Lake Tribune

    Polygamous Kingston Group may have swiped ‘millions’ in student aid, lawsuit says - Salt Lake Tribune

    Feds move to seize homes and businesses from polygamous Kingston Group as fraud defendants plead guilty - Salt Lake Tribune

    Los Angeles Businessman, Utah Fuel Plant Operators and Employees Sentenced to Prison for Billion-Dollar Biofuel Tax Fraud Scheme - DOJ

    Inside “the Order,” One Mormon Cult’s Secret Empire - Rolling Stone

    What Religion are the Stars of Sister Wives? - In Touch Weekly

    The Latter Day Church of Christ - Wikipedia

    Blood Cult - Southern Poverty Law Center

    Washakie Renewable Energy - About.Me

    Diesel Vehicles Using Biodiesel - Alternative Fuels Data Center

    Biodiesel Fuel Basics - Alternative Fuels Data Center

    Biodiesel Production and Distribution - Alternative Fuels Data Center

    Kingston clan: Unlikely whistleblower helps uncover alleged half-billion tax scam by secretive polygamist sect members - CBS News - CBS News

  • In previous episodes Caleb and Greg have discussed the rampant fraud in the Paycheck Protection Program (PPP). But in this episode, the guys discuss a much less talked about program that was also subject to a lot of pandemic relief fraud: Economic Injury Disaster Loans (EIDL).

    Sponsors
    South Carolina Association of CPAs (SCACPA) - https://ohmyfraud.promo/scacpa


    HOW TO EARN FREE CPE

    In less than 10 minutes, you can earn 1 hour of NASBA-approved accounting CPE after listening to this episode. Download our mobile app, sign up, and look for the Oh My Fraud channel. Register for the course, complete a short quiz, and get your CPE certificate.

    Download the app:

    Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728
    Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app

    Questions? Need help? Email [email protected].

    CONNECT WITH THE HOSTS

    Greg Kyte, CPA
    Twitter: https://twitter.com/gregkyte
    LinkedIn: https://www.linkedin.com/in/gregkyte/

    Caleb Newquist
    Twitter: https://twitter.com/cnewquist
    LinkedIn: https://www.linkedin.com/in/calebnewquist/

    Email us at [email protected]

    Sources:

    1980 Grand Island tornado outbreak [Wikipedia]Economic Injury Disaster Loans [SBA]Business Physical Disaster Loans [SBA]Current Declared Disasters [SBA]Coronavirus Aid, Relief, and Economic Security ActPaycheck Protection Program and Health Care Enhancement Act​​Disaster Assistance Upate Nationwide COVID EIDL, Targeted EIDL Advances, Supplemental Targeted Advances April 28, 2022 [SBA]Inspection of Small Business Administration’s Initial Disaster Assistance Response to the Coronavirus Pandemic COVID-19 EIDL Program Recipients on the Department of Treasury’s Do Not Pay ListGeorgia man admits submitting false information to obtain COVID-19 disaster relief funding [DOJ]Georgia man who used COVID relief funds to buy Pokemon card sentenced to prison [DOJ]He Spent $57,000 in Covid Relief on a Pokémon Card. Now the U.S. Owns It. [NYT]Florida Man [Wikipedia]Florida Man Beats Out Heart Disease As Nation's No. 1 Killer [The Onion]Florida ‘Don’t Say Gay’ forced disclosure amendment withdrawn [WFLA]Florida State Representative Indicted For Wire Fraud, Money Laundering, And Making False Statements [DOJ]Florida Lawmaker Charged With Pandemic Aid Fraud [NYT]State Rep. Joe Harding resigns after federal indictment for wire fraud [TBT]Former Florida State Representative Pleads Guilty To Wire Fraud, Money Laundering, And Making False Statements In Connection With Covid-19 Relief Fraud [DOJ]North-Central Florida Blimp Company Executive Sentenced To Over Five Years In Federal Prison For COVID-19 Relief Fraud [DOJ]Florida blimp executive, relative of former state lawmaker, sentenced to federal prison in pandemic fraud [SFSS]

    Postscript
    Since we recorded this episode, there have been a couple developments:

    1. The Small Business Administration released a new report entitled "COVID-19 Pandemic EIDL and PPP Loan Fraud Landscape" on June 27, 2023. It estimates that the total amount of fraud between EIDL and PPP is ~$200 billion.

    2. Former Florida Representative Joe Harding requested that his sentencing be pushed back a couple months. He still faces a maximum sentence of 35 years after pleading guilty to wire fraud, money laundering and making false statements about COVID-19 relief aid he received.

  • Throughout history, men have been driven mad in their search for gold. Much to Caleb and Greg’s surprise, that continued well into the 20th Century. And that madness was perhaps best exemplified by the men behind Bre-X Minerals, and their quest to find an enormous gold deposit on the island of Borneo.

    Sponsors
    South Carolina Association of CPAs (SCACPA) - https://ohmyfraud.promo/scacpa


    HOW TO EARN FREE CPE

    In less than 10 minutes, you can earn 1 hour of NASBA-approved accounting CPE after listening to this episode. Download our mobile app, sign up, and look for the Oh My Fraud channel. Register for the course, complete a short quiz, and get your CPE certificate.

    Download the app:

    Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728
    Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app

    Questions? Need help? Email [email protected].

    CONNECT WITH THE HOSTS

    Greg Kyte, CPA
    Twitter: https://twitter.com/gregkyte
    LinkedIn: https://www.linkedin.com/in/gregkyte/

    Caleb Newquist
    Twitter: https://twitter.com/cnewquist
    LinkedIn: https://www.linkedin.com/in/calebnewquist/

    Email us at [email protected]

    Resources:
    -Bre-X: The real story and scandal that inspired the movie Gold - Calgary Herald

    -The Bre-X Gold Scandal — Thought Co.

    -Bre-X — Wikipedia
    -JPMorgan Chase through it had $1.3 million of nickel, but they were all bags of stones — Business Insider

    -The Biggest Gold Mining Scandal in History — Gold Avenue

    -Great Frauds in History: The Bre-X Gold Mining Scandal — Money Week

    -A Lode of Lies: How Bre-X Fooled Everyone — Washington Post

    -The $6 Billion Gold Mine that Wasn’t — Slate

  • Professor Mike Shaub believes deeply that auditors have a duty to the public because they are Certified Public Accountants, not Certified Profitable Accountants. Caleb and Greg talk with Dr. Shaub about ethics, recent scandals in the accounting profession, whether auditors can be independent and objective, and more.

    Sponsors
    Tri-Merit - https://ohmyfraud.promo/trimerit
    South Carolina Association of CPAs (SCACPA) - https://ohmyfraud.promo/scacpa


    HOW TO EARN FREE CPE

    In less than 10 minutes, you can earn 1 hour of NASBA-approved accounting CPE after listening to this episode. Download our mobile app, sign up, and look for the Oh My Fraud channel. Register for the course, complete a short quiz, and get your CPE certificate.

    Download the app:

    Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728
    Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app

    Questions? Need help? Email [email protected].

    Connect with Mike Schaub

    LinkedIn : https://www.linkedin.com/in/michael-shaub
    https://mays.tamu.edu/directory/mshaub/
    https://maystamuedu.wpenginepowered.com/ethics/


    CONNECT WITH THE HOSTS

    Greg Kyte, CPA
    Twitter: https://twitter.com/gregkyte
    LinkedIn: https://www.linkedin.com/in/gregkyte/

    Caleb Newquist
    Twitter: https://twitter.com/cnewquist
    LinkedIn: https://www.linkedin.com/in/calebnewquist/

    Email us at [email protected]


    Referenced Readings :

    How to Kill a ProfessionElizabeth Holmes and the Perils of SuccessHow To Lose a ProfessionElon Musk and the five fallacies of thinkingBlue Bell story one of accountabilityBarry and MeA return to the dark sideBottom Line EthicsHarambe and Pollyanna