Oh My Fraud

Friends With Mutual Benefits | The Mother of All Florida Ponzi Schemes


Listen Later

SPONSORS

Avalara https://ohmyfraud.promo/avalara

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.

Launch the course on EarmarkCPE to get free CPE/CE for listening to this episode.

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].

REFERENCES

CNBC’s American Greed Episode: “Friends Without Benefits”
https://www.cnbc.com/video/2015/10/19/american-greed-friends-without-benefits.html 

MBC’s Wikipedia: https://en.wikipedia.org/wiki/Mutual_Benefits_Corporation 

Viatical Settlements: https://en.wikipedia.org/wiki/Viatical_settlement 

U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 18698 / May 6, 2004

https://www.sec.gov/litigation/litreleases/lr18698.htm 

2020 ACFE Report to the Nations: https://www.acfe.com/report-to-the-nations/2020/ 

UNITED STATES DISTRICT COURT 

SOUTHERN DISTRICT OF FLORIDA

CASE NO. 04-60573-CIV-MORENO/SIMONTON https://www.sec.gov/litigation/complaints/comp19274.pdf


South Florida Mastermind of $1 billion-plus swindle sentenced … 

https://www.miamiherald.com/news/local/community/miami-dade/article1984194.html


Great frauds in history: Joel Steinger and the Mutual Benefits Corporation

https://moneyweek.com/519573/great-frauds-in-history-joel-steinger-and-the-mutual-benefits-corporation


Former Mutual Benefits Corporation Head Sentenced To 20 Years In Prison For His Role In $1 Billion MBC Scheme

https://www.justice.gov/usao-sdfl/pr/former-mutual-benefits-corporation-head-sentenced-20-years-prison-his-role-1-billion


A WORD FROM OUR SPONSOR

Thank you to our sponsor, Avalara. Avalara’s award-winning tax automation solutions help accounting practitioners and businesses of all sizes simplify sales tax compliance and with real-time rates, automated returns filing, and more.


In October 2021 IDC MarketScape named Avalara a Leader in tax automation in three categories (small and midsize business, enterprise, and VAT).  If you’re considering tax automation, check out the independent IDC evaluations at http://OMF.show/avalara

Learn more about Avalara for Accountants and you’ll get a free gift: meet with an expert to explore how Avalara can help your accounting practice grow, and you’ll receive a $50 gift card. Contact Avalara at [email protected], and mention the code  “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/

...more
View all episodesView all episodes
Download on the App Store

Oh My FraudBy Caleb Newquist

  • 4.7
  • 4.7
  • 4.7
  • 4.7
  • 4.7

4.7

127 ratings


More shows like Oh My Fraud

View all
Accounting Best Practices with Steve Bragg by Steve Bragg

Accounting Best Practices with Steve Bragg

256 Listeners

Criminal by Vox Media Podcast Network

Criminal

37,416 Listeners

PwC's accounting podcast by PwC

PwC's accounting podcast

178 Listeners

Talking Tax by Bloomberg Tax

Talking Tax

114 Listeners

Tax Notes Talk by Tax Notes

Tax Notes Talk

89 Listeners

Swindled by A Concerned Citizen

Swindled

9,798 Listeners

The Accounting Podcast by Blake Oliver & David Leary

The Accounting Podcast

338 Listeners

The Perfect Scam by AARP

The Perfect Scam

1,090 Listeners

American Greed Podcast by CNBC

American Greed Podcast

2,166 Listeners

The Dream by Little Everywhere

The Dream

15,015 Listeners

Trashy Divorces by Hemlock Creatives

Trashy Divorces

2,011 Listeners

Earmark Podcast | Earn Free Accounting CPE by Blake Oliver, CPA

Earmark Podcast | Earn Free Accounting CPE

27 Listeners

Scamfluencers by Wondery

Scamfluencers

7,125 Listeners

UnAccountable! by UnAccountable

UnAccountable!

28 Listeners

The Big Flop by Wondery

The Big Flop

1,179 Listeners