Caleb grew up in farm country, and Greg did not. No problem, though, together they talk through a case of a large ranching operation at the center of a massive fraud. 

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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 : [email protected]

Sources:

• Betting the Ranch - High Country News
• Rancher takes $244 million from Tyson Foods in ghost cattle scam - KKTV Colorado Springs

• Tri-Cities Rancher Sentenced to Eleven Years in Federal Prison and Ordered to Pay $244 Million in Restitution for “Ghost Cattle” Fraud - DOJ

• Rancher Sentenced for Running $244 Million “Ghost Cattle Scam - DOJ

• Eastern Washington Cattle Rancher Sentenced to 11 Years in Prison for 'Ghost Cattle' Scam - Big Country News

• Easterday Farms Website

• Winning Bid on Easterday Assets: $209M - Progressive Farmer

• Washington Man Pleads Guilty in $244 Million Ghost Cattle Scam - DOJ
• Court Documents on Sentencing and Restitution - U.S. District Court
• Other Court Documents & Information - U.S. District Court
• Types of Beef Cattle Operations - CAERT Inc.
• Beef Cattle Production - UC Davis
• https://www.investopedia.com/terms/s/speculator.asp
• https://www.cmegroup.com/education/courses/introduction-to-futures/understanding-the-role-of-speculators.html
• https://en.wikipedia.org/wiki/Speculation
• https://www.investopedia.com/ask/answers/06/forwardsandfutures.asp#:~:text=A%20forward%20contract%20is%20a,the%20end%20of%20the%20contract
• https://www.investopedia.com/terms/d/delivery-point.asp#:~:text=The%20futures%20contract%20buyers%20who,physical%20delivery%20of%20the%20asset. 

Caleb and Greg conclude their discussion of distinguished professor and author Dan Ariely and the issues raised around one of his most notable works. You might call it: “The Case of the Dishonesty Professor and The Screwy Data.”

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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.

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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 : [email protected]

Sources: 

Evidence of Fraud in an Influential Field Experiment About Dishonesty — Data Colada blog

A study on dishonesty was Based on fraudulent data — The Economist

Are we in control of our decisions? — Dan Ariely TED Talk

Why we think it’s OK to cheat and steal (sometimes) — Dan Ariely TED Talk

The Honest Truth About Dishonesty — Book by Dan Ariely

Predictably Irrational — Book by Dan Ariely

A Famous Honesty Researcher Is Retracting A Study Over Fake Data — Buzzfeed

Behavioral researcher says he ‘undoubtedly made a mistake’ in false data scandal — The Times of Israel

When We’re Wrong, It’s Our Responsibility as Scientists to Say So — Scientific American

Signing at the end versus the beginning does not decrease dishonesty — PNAS 

Sponsors
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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:

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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 : [email protected]

Sources: 

Evidence of Fraud in an Influential Field Experiment About Dishonesty — Data Colada blog

A study on dishonesty was Based on fraudulent data — The Economist

Are we in control of our decisions? — Dan Ariely TED Talk

Why we think it’s OK to cheat and steal (sometimes) — Dan Ariely TED Talk

The Honest Truth About Dishonesty — Book by Dan Ariely

Predictably Irrational — Book by Dan Ariely

A Famous Honesty Researcher Is Retracting A Study Over Fake Data — Buzzfeed

Behavioral researcher says he ‘undoubtedly made a mistake’ in false data scandal — The Times of Israel

When We’re Wrong, It’s Our Responsibility as Scientists to Say So — Scientific American

Signing at the end versus the beginning does not decrease dishonesty — PNAS

Thank you to our sponsor, Xero
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HOW TO EARN FREE CPE

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

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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 : [email protected]

Sources:

• Koss History
• Koss Corporation - Company Profile, Information, Business Description, History, Background Information on Koss Corporation [Reference for Business]
• All The Right Moves [Inc.]
• The Diva [Milwaukee]
• Former Koss Corporation Executive Charged in $31 Million Dollar Fraud [FBI]
• United States of America v. Sujata Sachdeva via Tracy Coenen
• How an embezzler stole millions from a small company [AccountingWeb]
• Theft at Koss blamed on relaxed attitude, lax oversight [MJS]
• SEC v. Koss Corporation and Michael J. Koss [Securities and Exchange Commission]
• Publicly owned and family-run [Family Business]
• Sachdeva pleads guilty, says she regrets fraud [MJS]
• Koss embezzler feared discovery from start [MJS]
• Former Koss Corp. executive Sachdeva sentenced to 11 years in prison [MJS]
• SEC Charges Two Accounting Professionals at Milwaukee-Based Company with Fraud [SEC]
• Koss sues former executive, auditor over alleged embezzlement [MJS]
• Koss settles claims against former auditor Grant Thornton [MJS]
• Sachdeva out of prison after serving six years for stealing $34 million from Koss Corp. [MJS]
• Koss family around $30 million from Reddit-fueled stock market frenzy -- more than the company was worth at the end of 2020 [MJS]
• Koss Corporation 10-K YE June 30, 2022 [SEC]
• John C. Koss, Stereo Headphone Innovator, Is Dead at 91 [NYT]
• Chapter 7 versus Chapter 11: Know the Difference — Investopedia

Thank you to our sponsor, Xero
To learn more go to  http://ohmyfraud.promo/xero

Thank you to our sponsor RuBook Creative
Use PROMO CODE - OHMY at checkout to receive 10% off your next order
https://www.ohmyfraud.promo/rubook

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.

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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 : [email protected]

Sources: 

The Sandy Jenkins Embezzlement Scandal [Collin Street Bakery, March 2022]

IN THE MATTER OF THE MARRIAGE OF KAY JENKINS AND SANDY JENKINS [Navarro County Texas]

Sticky Fingers/Life in the Fraud Lane [American Greed]

Kay Jenkins seeks divorce [Corsicana Daily Sun, August 15, 2013]

Just Desserts — Texas Monthly 01/2016

Diamond Sandy: Jenkin’s jewelry bills were out of this world — Corsicana Daily Sun 11/13/2013

Corsicana home of Sandy Jenkins goes on market — Corsicana Daily Sun 02/21/2014

Jenkins details luxury lifestyle — Corsicana Daily Sun 05/06/2014

Ex-fruitcake executive sentenced for embezzling $17 million — Daily Mail 09/19/2015

The $50,000-a-year bakery employee who stole $16M from from work — Daily Mail 03/14/2024

Former Collins Street Bakery Executive and Wife Sentenced — FBI 09/16/2015

Wife of Former Executive at Collins Street Bakery Pleads Guilty — DOJ 06/01/2015

Ex-Texas Fruitcake Executive Sentenced for $16.6 Million Fraud — NBC News 09/17/2015

$17 million stolen from famous fruitcake bakery — Weatherford Democrat 07/25/2013

Fruitcake executive sentenced to 10 years — NY Daily News 09/17/2015

Collin Street Bakery — Wikipedia

Utah Wage Garnishment Laws — NOLO

When she was growing up, Tracy Coenen wanted to be a prison warden. It didn’t quite work out that way, but she still deals with bad guys on a daily basis. Caleb and Greg talk with Tracy about interning with the IRS, how she made it as a forensic accountant, and why “You knew I was an idiot when you married me” is not a valid excuse when getting divorced. 

SPONSORS
Thank you to our sponsor, Xero
To learn more go to  http://ohmyfraud.promo/xero

Listen To The Drunk Ethics Podcast - https://drunkethics.com/

Thank you to our sponsor, SoftLedger : Mention Oh My Fraud and get 25% off of your first 3 months, visit https://ohmyfraud.promo/softledger

Learn about the Divorce Money Guide  : https://www.fraudcoach.com/divorcemoneyguide

Connect with Tracy Coenen :

Instagram : https://www.instagram.com/divorcemoneyguide

Linkedin : https://www.linkedin.com/in/tracycoenen

https://www.sequenceinc.com/

HOW TO EARN FREE CPE

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

EMAIL : [email protected]

SPONSORS
Thank you to our sponsor, Xero
To learn more go to  http://ohmyfraud.promo/xero

Listen To The Drunk Ethics Podcast - https://drunkethics.com/

Thank you to our sponsor, SoftLedger : Mention Oh My Fraud and get 25% off of your first 3 months, visit https://ohmyfraud.promo/softledger

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HOW TO EARN FREE CPE

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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 : [email protected]

Sources:

• Oral History of Terry Johnson [Computer History Museum]
• Oral History of John Squires [Computer History Museum]
• Miniscribe 2012 Brochure [Internet Archive]
• Great frauds in history: Quentin Thomas Wiles and MiniScribe [MoneyWeek]
• One of the Biggest Frauds in Tech History - The Miniscribe Fiasco [YouTube]
• United States v. Wiles [CaseText]
• MINISCRIBE REPORT DESCRIBES 'MASSIVE FRAUD' [WaPo]
• Fraud Is Cited at Miniscribe [AP]
• Panel Alleges ‘Massive Fraud’ Committed by Ex-MiniScribe Officials [Reuters]
• Maxtor Acquires Miniscribe Assets [Reuters]
• Large Award in Miniscribe Fraud Suit [NYT]
• A $128.1 Million Settlement Reached in Miniscribe Case [AP]
• Wiles Convicted of Fraud in MiniScribe Case [LAT]
• Terry Johnson, founder of Longmont’s MiniScribe, found dead in Canada [DC]

Thank you to our sponsor, Xero
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Pre-order Kelly's new book! : https://www.barnesandnoble.com/w/fool-me-once-kelly-richmond-pope/1142043652?ean=9781647823917

Connect with Kelly : Kelly Richmond Pope

• LinkedIn: https://www.linkedin.com/in/kelly-richmond-pope-cpa-83689a5/
• Twitter: https://twitter.com/kellyrpope
• Kelly's TEDx Talk https://www.ted.com/talks/kelly_richmond_pope_how_whistle_blowers_shape_history?language=en
• All the Queen's Horses - Website: https://www.allthequeenshorsesfilm.com/
• All the Queen's Horses - YouTube: https://youtu.be/dpr2A3S3CNk

HOW TO EARN FREE CPE

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

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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 : [email protected]

A Word from Our Sponsors

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*Caleb here: Neither Greg and I are from Texas and clearly neither of us looked at a map of Texas before we recorded this podcast. Then you look at a map, and San Antonio isn’t really in west Texas. It’s more like south-central Texas. Apologies to west Texas. Or maybe to San Antonio? Either way, no one there is paying state income tax.

HOW TO EARN FREE CPE

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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 : [email protected]

Sources :

Local employment firms accused in $66 million tax fraud [MySA]

Patrick Mire, 1/24/2011

Guilty plea in $70 million fraud case in S.A. [MySA]

Patrick Mire, 11/3/2011

Former executive indicted in $110 million tax fraud [MySA]

John Bean, 8/20/2012

Pircher guilty plea [DOJ]

11/21/2013

Kimes guilty plea [DOJ]

1/16/2014

Sentences for Bean, Mire, Solis, and Walker [DOJ] 

2/21/2014

San Antonio Businessmen Sentenced to Federal Prison for Fraud and Tax Scheme Involving More Than $130 Million in Real-Dollar Losses [FBI] Pircher and Kimes sentencing, 4/15/2014

Ringleaders of $133M fraud headed to prison [SAEN]

Professional Employer Organization: Wikipedia.org

Ringleader guilty in S.A.’s largest ever fraud case: MYSA

Are you personally liable for your company’s payroll taxes?: Friedman LLP

Can the IRS pierce the corporate veil?: Dale S. Goldberg, CPA

Criminal Tax Manual [DOJ]

A Word from Our Sponsor

Thank you to our sponsor, LiveFlow : to learn more about LiveFlow and how you can save 20% off your first 3 months go to  https://ohmyfraud.promo/liveflow
______________________________________________________
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.

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Questions? Need help? Email [email protected].
____________________________________________________

CONNECT WITH THE GUESTS :

https://www.zuckermanlaw.com/

JASON ZUCKERMAN

[email protected]

Matthew Stock, CPA, CFE

[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 : [email protected]