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Another chapter in the Tragedy of Fraud

Prison.  Bankruptcy.  Publicity. Civil litigation. Such are the wages of fraud. It is such a tragedy.  Such a waste. The mayor of a neighboring city provides the next example of the devastation from...

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Wages of fraud – 2 year prison sentence is just the start

(cross-post from Attestation Update.) I’ve been following the corruption case in the city next to where I live.  This post describes the sentencing and additional consequences of the fraud. The mayor...

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‘Tragedy of Fraud’ in e-book format – soon to be released

Tragedy of Fraud – The Ripple Effects from Fraud and the Wages Earned will be released soon in Kindle format. This is a compilation of blog posts about the damage caused by fraud. It will also discuss...

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“Tragedy of Fraud” e-book now available at Amazon

“Tragedy of Fraud – The Ripple Effects from Fraud and the Wages Earned” describes the tragic consequences from fraud. There are ripple effects that spread out to harm innocent bystanders.  The...

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Tragedy of fraud – another case study

Fraud devastates an organization. The damage to the fraudster and loved ones is also severe. A series of posts on my other blog, Attestation Update, explores the ripple effects of one specific fraud....

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Price cut on my newest e-book, “Tragedy of Fraud”

Price reduced to only $0.99, now available here. “Tragedy of Fraud – The Ripple Effects from Fraud and the Wages Earned” describes the tragic consequences from fraud. There are ripple effects that...

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Live example of a fraud fiasco

(Cross-post from my other blog, Attestation Update, with minor changes.) “Going to meet your Maker with the fresh scent of theft on your hands is not a good way to go…” is how Charles Hall starts his...

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Irony: Charity’s anti-fraud manager pleads guilty to fraud

BBC reports on 3/6 that Oxfam ex-fraud chief admits defrauding charity. Oxfam, a development charity in England, has revenue of £385.5M (~$645M) in 2012. The charity’s head of the counter-fraud...

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A different view of what fraud might look like from the inside

For a light-hearted look at what might be going through the mind of a person stealing from your ministry, check out how to Steal Like A Boss, from Charles Hall’s blog, CPA-Scribo. Mr. Hall illustrates...

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1 fact and 2 stories explaining why you should set up a fraud hotline in your...

What would you think is the most likely way that a fraud is detected? Internal audit? No. External audit? No. One fact Forty-two percent of frauds are discovered by a tip. Internal audits are the means...

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The world’s oldest profession? Fraudster.

Last week I listened to a continuing education class by Sam Antar (Crazy Eddie CFO and ex-CPA Sam Antar Shows You How He Cooked the Books). He suggested that unlike what has been said for a long time,...

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Tragedy of Fraud series available soon in print

     In a few days, printed copies of the two books in my Tragedy of Fraud series will be available in print at Amazon. They are currently available in e-book format at Amazon, Barnes & Noble, and...

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Tragedy of Fraud series now available in print as well as e-book formats

     Both books in my Tragedy of Fraud series are now available in print format from Amazon. The newest book: Tragedy of Fraud – Insider Trading Edition describes – Scott London’s long fall from Big 4...

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Nonprofits cannot *prevent* fraud but they can reduce the risk

Sam Antar is a convict and former CPA. He was the CFO of Crazy Eddie, which by his description was an intentionally fraudulent business. I recently had opportunity to interview him by phone. Will have...

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Is the cost of reducing fraud risk greater than the loss from a fraud incident?

I recently had the opportunity to visit with Sam Antar, convicted felon and former CFO of Crazy Eddie. During our interview, Mr. Antar suggested a reason why businesses don’t put enough effort into...

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Rationalization in action is frightening to see

It is scary to see the power of rationalization. We humans can exert great effort to persuade ourself that wrong is right. With enough effort, we can persuasively argue that wrong is a positive good,...

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Price cut on print books

I’ve dropped the prices for the print copies of my books available at Amazon, Barnes & Noble, and iTunes store. Here is what you can find on-line:  Tragedy of Fraud – Insider Trading Edition Story...

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About that “invoice” to renew your fictitious business name for $150. It’s...

About a week ago I renewed the fictitious business name used for my publishing projects. Paid San Bernardino county $55. Only reason it took 20 minutes to prepare it is that the county revised the form...

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Here’s a new scam you may not have heard about: e-mail from your boss telling...

Let’s say you are the controller in the finance office. Let’s say your boss sends you an email telling you to wire some money to a new organization in the field that he just met because they have the...

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Journalist returns call to scammer who claimed to be from the IRS....

Most people hang up on robocalls from charities. If there is a real person, I ask them to go into their spiel and then set the phone down, letting the caller waste a minute or two of their time....

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