SPONSORS

Jirav https://ohmyfraud.promo/jirav

REFERENCES

• Complaint against David T. Hines
• DOJ press release for charges against David T. Hines. 
• DOJ press release for guilty plea of David T. Hines
• DOJ press release for sentencing of David T. Hines
• How Bad Was Virus Aid Fraud? One Banker Was ‘Frustrated With Humanity’ [NYT]
• The $800 Billion Paycheck Protection Program: Where Did the Money Go and Why Did it Go There? [NBER]
• Did FinTech Lenders Facilitate PPP Fraud? [via NYT]
• 'Biggest fraud in a generation': The looting of the Covid relief plan known as PPP [NBC]
• Tarzana Couple flees while under house arrest for PPP fraud — LA Times
• Three fugitives captured in Montenegro - NBC News

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].

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/
______________________________________________________

Full transcript available upon request 

SPONSORS

Dark Horse CPAhttps://ohmyfraud.promo/darkhorsecpa

REFERENCES

A WORD FROM OUR SPONSOR
Dark Horse CPAs has built a platform-style CPA firm that will transform your practice. It has the technology, resources, staffing, qualified inbound leads, and community that will enable you to spend your time growing your practice, serving clients and doing more of what you love. Learn more at abetterway.cpa
________________________________

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].

CONNECT WITH DAN :

Dan's Wharton's Forensics Lab

Dan's Twitter : https://twitter.com/profanalytics

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]

______________________________________

Transcript available upon request 

SPONSORS

Dark Horse CPA https://ohmyfraud.promo/darkhorsecpa

REFERENCES

● 10 Practices That Safeguard Your Church Against Embezzlement - Smart Church Management
●  Nun who admitted to stealing more than $835K from Torrance Catholic school gets 1 year in prison - KTLA
●  Bakker Is Convicted on All Counts; First Felon Among TV Evangelists - NY Times
●  Bakker Sentenced to 45 Years For Fraud in His TV Ministry - NY Times
●  Televangelist Jim Bakker is indicted on federal charges - History.com
●  The Shady Side of Jim Bakker - Nicki Swift on Youtube

A WORD FROM OUR SPONSOR
Dark Horse CPAs has built a platform-style CPA firm that will transform your practice. It has the technology, resources, staffing, qualified inbound leads, and community that will enable you to spend your time growing your practice, serving clients and doing more of what you love. Learn more at abetterway.cpa
________________________________
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].

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]
____________________________

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

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

• U.S. INDICTS EIGHT IN SALE OF STOCK IN NURSING HOMES [NYT]
• YEAR IN JAIL GIVEN FOR STOCK FRAUD [NYT]
• 2 Ex‐Walston Officers Plead Guilty to a Fraud [NYT]
• $40,000 FINES SET IN 4 SEASONS CASE [NYT]
• 3 Found Not Guilty Of Securities Fraud In 4 Seasons Case [NYT]
• INVESTMENT: Golden-Age Fraud [TIME]
• Great frauds in history: Jack Clark’s nursing homes [MoneyWeek]
• FOUR SEASONS NURSING CENTERS OF AMERICA, INC. [Case Study]
• Stocks Of The Fevered Fifty Publicly Traded Nursing Home Companies Soar, Then Crash [SeniorLiving.org]

Before Medicare, nursing homes were often just old motels or converted bowling alleys. But after the landmark program became the law of the land, money flooded the industry and along with it, wildcatters looking to strike it rich. One early player, Four Seasons Nursing Centers of America, boomed and busted in spectacular fashion and at the center of it: fraud.

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

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

•   Hawaii accounting firm partner gets 20 years for for stealing $400K from company - Honolulu Star Advertiser 
•   'He is an evil person': Victims of top CPA convicted of fraud urge tough sentence  — Hawaii News Now 
•   State v. Oki — Casemine 
•   Prosecutors reveal details of theft investigation into Patrick Oki — KHON2 
•   2020 ACFE Report to the Nations - ACFE 

In this episode, Caleb and Greg discuss the case of Patrick Oki, the managing partner of PKF Pacific Hawaii, who swiped over $400,000 from his own firm. It’s just another fraud… in paradise. 

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

Bookstime https://ohmyfraud.promo/bookstime

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

• Inside the Great Pappy Van Winkle Bourbon Heist - thrillist.com 
• The Real Story Behind “Bourbon King” Toby Curtsinger from Netflix’s Heist - menshealth.com
• How a Kentucky Dad Pulled Off One of the Biggest Bourbon Burglaries in History - bustle.com
• Netflix documentary series Heist

__________________________________-
The bourbon distilling industry in Kentucky is rich with tradition, which includes employees helping themselves to bottles of rare whisky whenever they feel like it. In this episode, Caleb and Greg discuss the infamous caper known as Pappygate. Booze, guns, slow pitch softball, and …horrendous inventory controls.
____________________________________

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

Bookstime https://ohmyfraud.promo/bookstime

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

https://www.ft.com/content/bd138302-9ea6-11e0-9469-00144feabdc0
https://www.wsj.com/articles/SB117461651648146411

https://pcaob-assets.azureedge.net/pcaob-dev/docs/default-source/news/events/documents/11152012_sagmeeting/2012_11_15_-sag_bp_-fraud.pdf?sfvrsn=e979a5fb_0

https://thedig.substack.com/p/busting-the-myth-about-auditors-and

https://twitter.com/retheauditors

If you’ve spent any time in the last 15 years employed by a Big 4 audit firm, you’ve almost certainly read Francine McKenna’s writing. In the late 2000s, her blog, Re: The Auditors, relentlessly chronicled the blunders and, in some cases, malfeasance of the largest global audit firms. Francine was the transparency reporter for MarketWatch from 2015 to 2019. Her journalism has appeared in Forbes, American Banker, the Financial Times, and elsewhere.

Enjoy this freewheeling episode of Oh My Fraud, where Caleb and Greg talk to Francine about many topics, including auditing in a pandemic, Big 4 impunity, and why we’re in the Golden Age of Fraud. 

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

• NFTs, explained [The Verge]
• Bored Ape Yacht Club NFT theft shows the ease of hacking crypto [Protocol]
• Non-fungible tokens [Ethereum]
• Beeple’s Opus [Christie’s]
• Icebreakers With...Bloomberg Columnist Matt Levine [Morning Brew]
• Bored Ape Yacht Club: What you need to know about the NFT collection [CNET]
• NFT hack sees collector lose $2.2 million of ‘Bored Ape’ pictures [Independent UK]
• Man Upset That Hackers Stole His Bored Ape NFTs [Vice]
• Fake Banksy NFT sold through artist's website for £244k [BBC]
• Investors Spent Millions on ‘Evolved Apes’ NFTs. Then They Got Scammed. [Vice]
• Booming NFT art market plagued by 'mind-blowing' fraud [Thomson Reuters]
• DeFi ‘Rug Pull’ Scams Pulled In $2.8B This Year: Chainalysis [CoinDesk]
• How NFTs became a $40bn market in 2021 [FT]

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/

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

Ex-Firefighter Pleads Guilty to Embezzlement — Richmond County Daily Journal

https://www.yourdailyjournal.com/archive/7120/news-news-152470852-ex-firefighter-pleads-guilty-to-embezzlement

Report to the Nations: 2020 Global Study on Occupational Fraud and Abuse — ACFE

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

Man Charged With Stealing $300K From N.C. Dept — firehouse.com

https://www.firehouse.com/leadership/news/10457683/man-charged-with-stealing-300k-from-nc-dept 

Murderer, Manipulator, or Do-Gooder? The Many Sides of James Rupard — Emiliano Morrone

https://www.emilianomorrone.eu/murderer-manipulator-or-do-gooder-the-many-sides-of-james-rupard/

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/

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

Lessons from an $8 million fraud — Journal of Accountancy
https://www.journalofaccountancy.com/issues/2014/aug/fraud-20149862.html

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

Nathan Mueller’s LinkedIn profile — LinkedIn
https://www.linkedin.com/in/nathan-mueller-b87111b4/

The 2013 Marquet Report on Embezzlement — Chris Marquet
http://mediad.publicbroadcasting.net/p/vpr/files/The_2013_Marquet_Report_On_Embezzlement.pdf

Mueller gets 8 years for $8.5 million ING fraud [MST]
https://www.startribune.com/mueller-gets-8-years-for-8-5-million-ing-fraud/37479859/

Eden Prairie Man Sentenced to 97 Months for Defrauding His Employer [FBI]
https://archives.fbi.gov/archives/minneapolis/press-releases/2009/mp_011309a.htm

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/