Show cover of Oh My Fraud

Oh My Fraud

"Oh My Fraud" is an irreverent podcast from CPA/comedian Greg Kyte and blogger/former CPA Caleb Newquist. The two come together to unpack their favorite frauds and explore the circumstances, psychology, and interpersonal dynamics involved. They also fully indulge in victim-blaming the defrauded widows, orphans, infirm and feeble-minded—because who can resist? If you fancy yourself a trusted advisor—or prefer your true crime with spreadsheets instead of corpses—listen to this show to learn what to watch out for to keep your clients, your firm, and even yourself safe.

Tracks

We’re All Somebody’s Fool | Dan Simons & Chris Chabris
Think you’re too smart to be taken in by a fraudster? If so, that may make you an even bigger mark. In this episode, Caleb and Greg speak with psychologists Dan Simons of the University of Illinois Urbana-Champaign and Chris Chabris of the Geisinger Research Institute. Dan and Chris’s new book, “Nobody's Fool: Why We Get Taken In and What We Can Do About It,” goes deep on why we’re all potential victims of clever (or not-so-clever) scams. SponsorsG-Accon - https://ohmyfraud.promo/gacconKeeper - https://ohmyfraud.promo/keeperHarbor Compliance - https://ohmyfraud.promo/harborBuy Chris's and Dan's BooksNobody’s Fool The Invisible Gorilla Meet Our Guests:  Daniel Simons [X]Daniel Simons [LinkedIn]http://www.dansimons.comChristopher Chabris [X]Christopher Chabris [LinkedIn]http://www.chabris.comInvisible Gorilla Video [YouTube]HOW TO EARN FREE CPEIn 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/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appQuestions? Need help? Email support@earmarkcpe.com.CONNECT WITH THE HOSTSGreg Kyte, CPATwitter: https://twitter.com/gregkyteLinkedIn: https://www.linkedin.com/in/gregkyte/Caleb NewquistTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/Email us at ohmyfraud@earmarkcpe.com
76:06 5/8/24
You’ve Got Fail | The British Post Office Scandal
The US Postal Service has long been the butt of jokes for poor service, but nothing that comes close to this. In this transatlantic episode, Caleb and Greg unpack the story of hundreds of British subpostmasters whose lives were turned upside down when they were falsely accused of stealing from the Post Office.  SponsorsG-Accon - https://ohmyfraud.promo/gacconKeeper - https://ohmyfraud.promo/keeperHarbor Compliance - https://ohmyfraud.promo/harborHOW TO EARN FREE CPEIn 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/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appQuestions? Need help? Email support@earmarkcpe.com.CONNECT WITH THE HOSTSGreg Kyte, CPATwitter: https://twitter.com/gregkyteLinkedIn: https://www.linkedin.com/in/gregkyte/Caleb NewquistTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/Email us at ohmyfraud@earmarkcpe.comSources: Post Office scandal explained: What the Horizon saga is all about — BBCSecret papers reveal Post Office knew its court defence was false — BBCBritish Post Office scandal — WikipediaPost Office Horizon scandal explained: Everything you need to know — Computer WeeklyPost Office scandal: from suicides to jail time with child killers — the heartbreaking stories of the postmasters — The StandardA Brief History of the United States Postal Service -  The SmithsonianThe History of the Post Office — Automatic Access Limited BlogRoyal Mail - WikipediaA short history of the Post Office — The History Press Post office numbers — House of Commons LibrarySubpostmasters get raw deal in Post Office pay structure - Apex InsightsHow independent retailers can make money from Post Offices — The GrocerHow to start a post office — PDQ Funding
50:11 4/24/24
The 2024 ACFE Report to the Nations, Annotated with Wisecracks
In many episodes, Greg cites statistics from “A Report to the Nations,” the biennial report on occupational fraud, from the Association of Certified Fraud Examiners. As luck would have it, the most recent edition dropped in 2024, and so naturally, Caleb and Greg took the opportunity to discuss it. HOW TO EARN FREE CPEIn 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/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appQuestions? Need help? Email support@earmarkcpe.com.CONNECT WITH THE HOSTSGreg Kyte, CPATwitter: https://twitter.com/gregkyteLinkedIn: https://www.linkedin.com/in/gregkyte/Caleb NewquistTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/Email us at ohmyfraud@earmarkcpe.com Sources:Occupational Fraud 2024: A Report To The Nations [ACFE]
66:31 4/10/24
Next Stop, Fraud | The Case of Frederick Darren Berg
We all have childhood dreams. Not all of us get to make them come true. In this episode, Caleb and Greg discuss the story of Frederick Darren Berg, who as a boy, developed a fascination with buses, and made them central to multiple ventures in his career.SponsorsWebgility - ohmyfraud.promo/webgility HOW TO EARN FREE CPEIn 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/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appQuestions? Need help? Email support@earmarkcpe.com.CONNECT WITH THE HOSTSGreg Kyte, CPATwitter: https://twitter.com/gregkyteLinkedIn: https://www.linkedin.com/in/gregkyte/Caleb NewquistTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/Email us at ohmyfraud@earmarkcpe.comSources:Darren Berg on the Run: Inside the Biggest Ponzi Scheme in Washington State History [Seattle Met]Financial empire, luxurious lifestyle were built on a mirage [Seattle Times]After spending spree, a reckoning for man behind state’s biggest Ponzi scheme [SeattlePI]Berg often portrayed himself as a lawyer [Seattle Times]Mercer Island Man Arrested for Ponzi Scheme and Bankruptcy Fraud Darren Berg Defrauded Investors and Allegedly Tried to Hide Assets During Bankruptcy [FBI]Mercer Island Man Sentenced to 18 Years in Prison for Ponzi Scheme and Bankruptcy Fraud [FBI]American Greed: ‘Seattle Roasted’ [American Greed]Inmate who defrauded investors more than $100 million escapes Atwater prison [Merced Sun-Star]Prison escape of Darren Berg, Washington’s ‘Mini Madoff,’ is like ‘Shawshank Redemption,’ official says [Seattle Times]Washington man who escaped prison following $100M Ponzi scheme possibly went to Brazil [AP]Darren Berg: A Ponzi Scheme Mastermind Escapes: Part 1 [The Perfect Scam]Darren Berg: A Ponzi Scheme Mastermind Escapes: Part 2 [The Perfect Scam]
60:59 3/27/24
Meet the Whistleblower Who Took on Halliburton
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.SponsorsWebgility - 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 & Subscribe CONNECT WITH TONYLinkedIn: https://www.linkedin.com/in/anthonyjmenendezLMU - https://cba.lmu.edu/academics//faculty/anthony.menendezHOW TO EARN FREE CPEIn 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/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appQuestions? Need help? Email support@earmarkcpe.com.CONNECT WITH THE HOSTSGreg Kyte, CPATwitter: https://twitter.com/gregkyteLinkedIn: https://www.linkedin.com/in/gregkyte/Caleb NewquistTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/Email us at ohmyfraud@earmarkcpe.comReferences: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]
97:51 3/13/24
A Lotto Fraud
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 CPEIn 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/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appQuestions? Need help? Email support@earmarkcpe.com.CONNECT WITH THE HOSTSGreg Kyte, CPATwitter: https://twitter.com/gregkyteLinkedIn: https://www.linkedin.com/in/gregkyte/Caleb NewquistTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/Email us at ohmyfraud@earmarkcpe.comSources:The Winning Ticket — by Rob Sand with Reid Forgrave'Hot Lotto' scammer Eddie Tipton paroled after 5 years in Iowa prison — Des Moines RegisterThe Untold Story of How a Gaming Geek with a Checkered Past Pulled Off the Biggest Lottery Scam in US History — Des Moines RegisterLotteries in the United States — WikipediaLottery machine - Wikipedia — Wikipediahttps://www.youtube.com/watch?v=go-0mkWNrlk — PowerBall YouTube Channelhttps://www.youtube.com/watch?v=dRNpRgMiVQU — Mega Millions YouTube ChannelLotto America Moves to Digital Drawings — PowerBallLotto America — Wikipedia1980 Pennsylvania Lottery scandal — Wikipedia
47:22 2/28/24
Sir Frauds a Lot | The Case of Stanford Financial Group
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.SponsorsAirbase - https://ohmyfraud.promo/airbase HOW TO EARN FREE CPEIn 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/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appQuestions? Need help? Email support@earmarkcpe.com.CONNECT WITH THE HOSTSGreg Kyte, CPATwitter: https://twitter.com/gregkyteLinkedIn: https://www.linkedin.com/in/gregkyte/Caleb NewquistTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/Email us at ohmyfraud@earmarkcpe.comSources: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]
67:01 2/14/24
The Defrauded Famous | Courtney Love and Kevin Hart
Hollywood loves a sequel, so Caleb and Greg return with two more stories of celebrities who fell victim to fraud. HOW TO EARN FREE CPEIn 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/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appQuestions? Need help? Email support@earmarkcpe.com.CONNECT WITH THE HOSTSGreg Kyte, CPATwitter: https://twitter.com/gregkyteLinkedIn: https://www.linkedin.com/in/gregkyte/Caleb NewquistTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/Email us at ohmyfraud@earmarkcpe.comSources:Kevin HartKevin 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 LoveCourtney 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. 
55:24 1/31/24
Steal. Wash. Repeat. | A History of Money Laundering
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 CPEIn 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/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appQuestions? Need help? Email support@earmarkcpe.com.CONNECT WITH THE HOSTSGreg Kyte, CPATwitter: https://twitter.com/gregkyteLinkedIn: https://www.linkedin.com/in/gregkyte/Caleb NewquistTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/Email us at ohmyfraud@earmarkcpe.comSources: The History Of Money Laundering: Know The Important Origin Of Money Laundering —  Financial Crime AcademyThe Three Stages Of Money Laundering And How Money Laundering Works. — Financial Crime AcademyPenn Jillette Street Performing Millionaire — AnecdotageThe evolution of money laundering from ancient China to the internet — Grant Thornton MaltaMalta a ‘transit point’ for weapons trafficking from Southern Europe to North Africa — Malta Today Global Organized Crime Index 2023 — Global Initiative Against Transnational Organized CrimeProhibition Profits Transformed the Mob — The Mob MuseumProhibition — WikipediaThe underworld laundromat: How to clean $10 million in mob money — National Post (Canada)The "Secret" History of the Bank Secrecy Act — FTI ConsultingPresident Richard Nixon and the Watergate Scandal — For Dummies WebsiteBank Secrecy Act — WikipediaMoney Laundering Control Act (MLCA) Overview - Willkie ComplianceThree Elements That Must Be Proven in a Money Laundering Case — Sanction Scanner
43:36 1/17/24
The Road to Fraud Is Paved With Good Intentions | The Case of Freedman’s Bank
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 CPEIn 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/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appQuestions? Need help? Email support@earmarkcpe.com.CONNECT WITH THE HOSTSGreg Kyte, CPATwitter: https://twitter.com/gregkyteLinkedIn: https://www.linkedin.com/in/gregkyte/Caleb NewquistTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/Email us at ohmyfraud@earmarkcpe.comSources: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]
48:40 1/3/24
Oh My Fraud 2023, Redux
Caleb and Greg recount their favorite swindles, interviews, and culprits from the year that was Oh My Fraud 2023. HOW TO EARN FREE CPEIn 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/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appQuestions? Need help? Email support@earmarkcpe.com.CONNECT WITH THE HOSTSGreg Kyte, CPATwitter: https://twitter.com/gregkyteLinkedIn: https://www.linkedin.com/in/gregkyte/Caleb NewquistTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/Email us at ohmyfraud@earmarkcpe.comFavorite Caseshttps://ohmyfraud.com/episodes/high-steaks-fraud-the-case-of-easterday-farmshttps://ohmyfraud.com/episodes/fat-shamming-the-guy-who-corrupted-the-u-s-navyFavorite Perps https://ohmyfraud.com/episodes/all-hat-and-no-cartel-the-case-of-dwi-dudehttps://ohmyfraud.com/episodes/all-that-glitters-is-not-fraud-the-case-of-bre-x-mineralsFavorite Interviewshttps://ohmyfraud.com/episodes/steven-thomas-the-lawyer-who-sues-the-big-4-for-missing-fraud-and-winshttps://ohmyfraud.com/episodes/meet-the-fraudster-nathan-mueller
55:21 12/28/23
Super Bad Superintendent | The Case of Roslyn School District
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 CPEIn 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/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appQuestions? Need help? Email support@earmarkcpe.com.CONNECT WITH THE HOSTSGreg Kyte, CPATwitter: https://twitter.com/gregkyteLinkedIn: https://www.linkedin.com/in/gregkyte/Caleb NewquistTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/Email us at ohmyfraud@earmarkcpe.comSources: -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 IndependentCorrection: 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.
61:02 12/20/23
All Hat and No Cartel | The Case of DWI Dude
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 CPEIn 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/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appQuestions? Need help? Email support@earmarkcpe.com.CONNECT WITH THE HOSTSGreg Kyte, CPATwitter: https://twitter.com/gregkyteLinkedIn: https://www.linkedin.com/in/gregkyte/Caleb NewquistTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/Email us at ohmyfraud@earmarkcpe.comSources: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]
63:57 12/6/23
Meet the Securities Fraud Scholar: Jim Park of UCLA Law
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 CPEIn 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/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appQuestions? Need help? Email support@earmarkcpe.com.CONNECT WITH THE GUEST James Park Website: https://law.ucla.edu/faculty/faculty-profiles/james-park LinkedIn: https://www.linkedin.com/in/james-park-a0a7161Buy 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 HOSTSGreg Kyte, CPATwitter: https://twitter.com/gregkyteLinkedIn: https://www.linkedin.com/in/gregkyte/Caleb NewquistTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/Email us at ohmyfraud@earmarkcpe.com
73:45 11/22/23
A Very, Very, Very Nice Lady Did Some Fraud
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 CPEIn 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/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appQuestions? Need help? Email support@earmarkcpe.com.CONNECT WITH THE HOSTSGreg Kyte, CPATwitter: https://twitter.com/gregkyteLinkedIn: https://www.linkedin.com/in/gregkyte/Caleb NewquistTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/Email us at ohmyfraud@earmarkcpe.com Sources: Viles ‘in a league of her own’ after guilty verdict in $500K theft from town, prosecutor says — Kennebec JournalClaudia 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.comDifference between Tax Collector & Assessor — Orange County Treasurer’s OfficeAbout The Florida Tax Collector — Sarasota County Tax CollectorMunicipal Tax Collectors — Connecticut’s Official State WebsiteTitle 36, §1487: Collection of tax — Maine.gov Anson, Maine — WikipediaClaudia Viles, who will serve five years for embezzlement, vows to clear her name — CentralMaine.comMedian Household Income in Maine — St. Louis Fed
51:37 11/8/23
A Most Treacherous Advisor
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 CPEIn 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/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appQuestions? Need help? Email support@earmarkcpe.com.CONNECT WITH THE HOSTSGreg Kyte, CPATwitter: https://twitter.com/gregkyteLinkedIn: https://www.linkedin.com/in/gregkyte/Caleb NewquistTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/Email us at ohmyfraud@earmarkcpe.comSources: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 
51:22 10/25/23
The (Mostly) Complete History of Wire Fraud
SponsorsMurder, 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 CPEIn 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/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appQuestions? Need help? Email support@earmarkcpe.com.CONNECT WITH THE HOSTSGreg Kyte, CPATwitter: https://twitter.com/gregkyteLinkedIn: https://www.linkedin.com/in/gregkyte/Caleb NewquistTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/Email us at ohmyfraud@earmarkcpe.comSources: The History Of Wire Fraud — LAWS.comWire Fraud: Definition, examples, and prevention. — Datavisor Mail and wire fraud — Wikipedia U.S. postal system established | July 26, 1775 — History.comTelegraph | Invention, History, & Facts — Britannica  History of the Mail Fraud Statute — United States Postal Inspection Service Wire and Mail Fraud — Prison ProfessorsUncovering the Legislative Histories of the Early Mail Fraud Statutes: The Origin of Federal Auxiliary Crimes Jurisdiction — University of Utah LawP.T. Barnum was an Early Adopter of the Telegraph- So he Could Prank his Co-Workers — Another Century BlogWired on Crime: Soapy Smith’s Telegraph Con — Another Century Blog18 U.S. Code § 1343 - Fraud by wire, radio, or television — Cornell Law SchoolWhat is Wire Fraud, and What is the Statute of Limitations for Wire Fraud? — Warren Law GroupFormer Enron CEO Jeffrey Skilling Resentenced to 168 Months for Fraud, Conspiracy Charges — DOJFederal Jury Convicts Former Enron Chief Executives Ken Lay, Jeff Skilling On Fraud, Conspiracy And Related Charges — DOJ
58:13 10/11/23
High-End Wine Collectors Get Screwed
SponsorsCaleb 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 CPEIn 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/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appQuestions? Need help? Email support@earmarkcpe.com.CONNECT WITH THE HOSTSGreg Kyte, CPATwitter: https://twitter.com/gregkyteLinkedIn: https://www.linkedin.com/in/gregkyte/Caleb NewquistTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/Email us at ohmyfraud@earmarkcpe.comSources: The great wine fraud - The GuardianSouthern 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 - DOJSouthern 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 - DOJManhattan U.S. Attorney And FBI Assistant Director-In-Charge Announce Charges Against Wine Dealer For Multi-Million Dollar Fraud Schemes - DOJSour Grapes - Documentary Film currently available on PeacockHow Long Can A Wine Be Stored And When Is It Ready To Drink? - rarewineinvest.com History Of The Wine Investment Market - BiBOHow Rudy Kurniawan Fooled the Wine World - Wine EnthusiastThe F.B.I. Has an Art Crime Team. And These Days, It’s Busy - NYTBillionaire Koch brother's crusade against counterfeit wine - CBS NewsIn Vino Duplicitas: The Rise and Fall of a Wine Forger Extraordinaire - Book by Peter Hellman
53:42 9/27/23
Meet the Fraud Investigator: Chris Marquet
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/scacpaHOW TO EARN FREE CPEIn 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/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appQuestions? Need help? Email support@earmarkcpe.com.Connect With ChrisLinkedIn: https://www.linkedin.com/in/chris-marquet-4262533Fraud Talk Podcast: https://www.voiceamerica.com/show/2349/fraudtalkConnect With The HostsGreg Kyte, CPATwitter: https://twitter.com/gregkyteLinkedIn: https://www.linkedin.com/in/gregkyte/Caleb NewquistTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/Email us at ohmyfraud@earmarkcpe.com
69:40 9/13/23
The Defrauded Famous | Billy Joel and Dane Cook
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/scacpaHOW TO EARN FREE CPEIn 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/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appQuestions? Need help? Email support@earmarkcpe.com.CONNECT WITH THE HOSTSGreg Kyte, CPATwitter: https://twitter.com/gregkyteLinkedIn: https://www.linkedin.com/in/gregkyte/Caleb NewquistTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/Email us at ohmyfraud@earmarkcpe.comSources:Billy JoelBilly 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 CookDane 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]
63:29 8/30/23
The Case of the Polygamist with More Fraud Charges Than Wives
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/scacpaHOW TO EARN FREE CPEIn 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/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appQuestions? Need help? Email support@earmarkcpe.com.CONNECT WITH THE HOSTSGreg Kyte, CPATwitter: https://twitter.com/gregkyteLinkedIn: https://www.linkedin.com/in/gregkyte/Caleb NewquistTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/Email us at ohmyfraud@earmarkcpe.comSources: Leader of $1 Billion Polygamist Fraud Gets 40 Years in Prison - BloombergA 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 TribuneGirls in polygamous Kingston Group continue to marry as young as 15, records show, sometimes leaving Utah to marry cousins - Salt Lake TribuneFallout from Washakie fraud could cost polygamous Kingston Group members their businesses and homes - Salt Lake TribunePolygamous Kingston Group may have swiped ‘millions’ in student aid, lawsuit says - Salt Lake TribuneFeds move to seize homes and businesses from polygamous Kingston Group as fraud defendants plead guilty - Salt Lake TribuneLos 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 WeeklyThe Latter Day Church of Christ - WikipediaBlood Cult - Southern Poverty Law CenterWashakie Renewable Energy - About.MeDiesel Vehicles Using Biodiesel - Alternative Fuels Data CenterBiodiesel Fuel Basics - Alternative Fuels Data CenterBiodiesel Production and Distribution - Alternative Fuels Data CenterKingston clan: Unlikely whistleblower helps uncover alleged half-billion tax scam by secretive polygamist sect members - CBS News - CBS News
68:13 8/16/23
This…is American EIDL Fraud!
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/scacpaHOW TO EARN FREE CPEIn 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/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appQuestions? Need help? Email support@earmarkcpe.com.CONNECT WITH THE HOSTSGreg Kyte, CPATwitter: https://twitter.com/gregkyteLinkedIn: https://www.linkedin.com/in/gregkyte/Caleb NewquistTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/Email us at ohmyfraud@earmarkcpe.comSources: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]PostscriptSince 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.
69:08 8/2/23
All That Glitters Is Not Fraud | The Case of Bre-X Minerals
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/scacpaHOW TO EARN FREE CPEIn 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/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appQuestions? Need help? Email support@earmarkcpe.com.CONNECT WITH THE HOSTSGreg Kyte, CPATwitter: https://twitter.com/gregkyteLinkedIn: https://www.linkedin.com/in/gregkyte/Caleb NewquistTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/Email us at ohmyfraud@earmarkcpe.comResources: -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
53:58 7/19/23
Meet the Ethics Professor: Mike Shaub of Texas A&M
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. SponsorsTri-Merit - https://ohmyfraud.promo/trimerit South Carolina Association of CPAs (SCACPA) - https://ohmyfraud.promo/scacpaHOW TO EARN FREE CPEIn 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/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appQuestions? Need help? Email support@earmarkcpe.com.Connect with Mike Schaub LinkedIn : https://www.linkedin.com/in/michael-shaubhttps://mays.tamu.edu/directory/mshaub/https://maystamuedu.wpenginepowered.com/ethics/CONNECT WITH THE HOSTSGreg Kyte, CPATwitter: https://twitter.com/gregkyteLinkedIn: https://www.linkedin.com/in/gregkyte/Caleb NewquistTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/Email us at ohmyfraud@earmarkcpe.com 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
76:27 7/5/23
The Worst Fan Club President Ever | The Selena Embezzlement (and Murder) Case
The life of Tejano icon Selena has been chronicled in multiple feature and documentary films. In this episode, Caleb and Greg discuss the story of how her tragic death can be traced back to allegations of embezzlement by the president of her fan club and murderer, Yolanda Saldívar. SponsorsTri-Merit - https://ohmyfraud.promo/trimerit LiveFlow - https://ohmyfraud.promo/liveflow South Carolina Association of CPAs (SCACPA) - https://ohmyfraud.promo/scacpaHOW TO EARN FREE CPEIn 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/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appQuestions? Need help? Email support@earmarkcpe.com.CONNECT WITH THE HOSTSGreg Kyte, CPATwitter: https://twitter.com/gregkyteLinkedIn: https://www.linkedin.com/in/gregkyte/Caleb NewquistTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/Email us at ohmyfraud@earmarkcpe.comSources: How Yolanda Saldívar's Obsession With Selena Turned Deadly - Biography Dot ComSelena kin testify Saldivar embezzled - UPIYolanda Saldivar - Wikipedia The Selena Etc. Boutique - Wikipedia Police detail standoff after Selena Shooting - Washington PostTejano Music - WikipediaMurder Suspect ‘Obsessed’ With Singer - The Spokesman-ReviewSelena List of Awards - Fandom.comSelena’s Grammy Awards - Recording Academy Grammy AwardsThe Queen is Dead - Texas MonthlySelena Embraced Her Heritage and Embraced Its Evolution in Style - Texas MonthlyWoman Who Murdered Singer Gets a Sentence of Life in Prison - NYT
54:26 6/21/23
Fraud, Fraud Everywhere
It seems that fraud is always in the news, but how much fraud is happening that we don’t know about? How could someone even figure that out? Believe it or not, people have tried, and in this episode, Caleb and Greg discuss a recent attempt to quantify how pervasive fraud is in corporate America. SponsorsTri-Merit - https://ohmyfraud.promo/trimerit LiveFlow - https://ohmyfraud.promo/liveflow South Carolina Association of CPAs (SCACPA) - https://ohmyfraud.promo/scacpaHOW TO EARN FREE CPEIn 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/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appQuestions? Need help? Email support@earmarkcpe.com.CONNECT WITH THE HOSTSGreg Kyte, CPATwitter: https://twitter.com/gregkyteLinkedIn: https://www.linkedin.com/in/gregkyte/Caleb NewquistTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/Email us at ohmyfraud@earmarkcpe.comSources:How pervasive is corporate fraud? [SpringerLink]Just How Common Is Corporate Fraud? [NYT]Sarbanes–Oxley Act [Wikipedia]Market Capitalization [Investopedia]
61:06 6/7/23
Too Pandemic, Too PPP Fraud
It’s Paycheck Protection Program Fraud, the sequel! Caleb and Greg explore more PPP fraud in this episode, including a repeat repeat offender, a big conspiracy, funny farm names, and more.  SponsorsTri-Merit - https://ohmyfraud.promo/trimeritLiveFlow - https://ohmyfraud.promo/liveflowSouth Carolina Association of CPAs (SCACPA) - https://ohmyfraud.promo/scacpaHOW TO EARN FREE CPEIn 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/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appQuestions? Need help? Email support@earmarkcpe.com.CONNECT WITH THE HOSTSGreg Kyte, CPATwitter: https://twitter.com/gregkyteLinkedIn: https://www.linkedin.com/in/gregkyte/Caleb NewquistTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/Email us at ohmyfraud@earmarkcpe.comPrevious OMF episode:A Plethora of Pandemic PPP FraudSources:How the Paycheck Protection Program went from good intentions to a huge free-for-all [NPR]Man Awaiting Trial for Covid-19 Bank Fraud Does It Again, Authorities Say [NYT]Scott Township Man Pleads Guilty in $3,8 Million Fraud on the Payroll Protection Program [Justice.gov]Carnegie Man Sentenced to 6½ Years for $3.8 Million Paycheck Protection Program Fraud [Justice.gov]Woman Pleads Guilty for $43.8 Million COVID-19 Relief Fraud Scheme [Justice.gov]Man Convicted for $27 Million PPP Fraud Scheme [Justice.gov]Seminole County Man Extradited From Croatia To Face COVID Relief Fraud Charges [Justice.gov]Extradited Seminole County Man Sentenced To More Than Eight Years In Federal Prison For COVID Relief Fraud [Justice.gov]Hundreds of PPP Loans Went to Fake Farms in Absurd Places [ProPublica]Prosecutors Struggle to Catch Up to a Tidal Wave of Pandemic Fraud [NYT]Two Fintechs Fueled Extensive Pandemic Relief Fraud, House Report Finds [NYT]Kevin Bacon opens up about family losing most of their money in Madoff scheme [Spectrum News]
67:06 5/24/23
The $100 Million Deli
Think about your hometown deli. And then think about what kind of business your hometown deli would have to be to be a $100 million business. That is the case of Your Hometown Deli.SponsorsTri-Merit - https://ohmyfraud.promo/trimerit LiveFlow - https://ohmyfraud.promo/liveflow South Carolina Association of CPAs (SCACPA) - https://ohmyfraud.promo/scacpaHOW TO EARN FREE CPEIn 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/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appQuestions? Need help? Email support@earmarkcpe.com.CONNECT WITH THE HOSTSGreg Kyte, CPATwitter: https://twitter.com/gregkyteLinkedIn: https://www.linkedin.com/in/gregkyte/Caleb NewquistTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/Sources: Owners of a small deli are charged with fraud for valuing business at $100 million - NPR$100 million New Jersey deli scheme leads to U.S. fraud charges - Reuters$100 million New Jersey deli fugitive Peter Coker Jr. agrees to extradition from Thailand - CNBCThree men charged with fraud in $100 million New Jersey deli scheme - CNBC2020 10-K for Hometown International, Inc. - SECNew Jersey high school wrestling coach is CEO of $100 million firm that owns one deli - CNBC“Whatever it is, it’s not very good”: The strange, incredible case of the $100 million deli - Fast CompanyThe $100 Million Deli - NPR’s Planet MoneyFirst GameStop, Now a Jersey Delicatessen - The New YorkerThe Mystery of the $113 Million Deli - New York Times Magazine$100 million New Jersey deli owner Hometown International just announced a merger with a bioplastics firm - CNBCThat mysterious New Jersey deli once owned by a publicly traded company is closed, regulatory filing shows - CNBCPaul Morina’s bio - JMU Hall of FameKey investor in $100 million NJ deli has a history of legal problems, ties to criminals - CNBCJames Patten’s LinkedIn profile - LinkedInDavid Einhorn’s Greenlight Newsletter from April 15, 2021 - Greenlight NewsletterTwenty-Year Review of Audit and Non-Audit Fee Trends - Harvard Law School
67:37 5/10/23
Steven Thomas: The Lawyer Who Sues the Big 4 for Missing Fraud and Wins
When a big company fails due to fraud and it seems that a big audit firm dropped the ball, it won’t be long until Steve Thomas shows up to sue their pants off. Caleb and Greg talk to Steve about how his career evolved from becoming a partner at a white shoe law firm to starting a specialty practice that sues audit firms that have failed to detect frauds, and winning big settlements for his clients. SponsorsTri-Merit - https://ohmyfraud.promo/trimeritLiveFlow - https://ohmyfraud.promo/liveflowSouth Carolina Association of CPAs (SCACPA) - https://ohmyfraud.promo/scacpaLearn More About Steven Thomas:https://tafattorneys.com/The beach-house lawyer calling big auditors to accountHOW TO EARN FREE CPEIn 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/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appQuestions? Need help? Email support@earmarkcpe.com.CONNECT WITH THE HOSTSGreg Kyte, CPATwitter: https://twitter.com/gregkyteLinkedIn: https://www.linkedin.com/in/gregkyte/Caleb NewquistTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/
75:37 4/26/23
Inigo Philbrick and the Art of the Fraud
From the outside, the art world can seem enticing, glamorous, and sophisticated. But the story can be very different behind the scenes. Caleb and Greg discuss the tale of Inigo Philbrick, a young, brash dealmaker whose reputation grew quickly, only to crash and burn in spectacular fashion.SponsorsTri-Merit - https://ohmyfraud.promo/trimerit LiveFlow - https://ohmyfraud.promo/liveflow South Carolina Association of CPAs (SCACPA) - https://ohmyfraud.promo/scacpaHOW TO EARN FREE CPEIn 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/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appQuestions? Need help? Email support@earmarkcpe.com.CONNECT WITH THE HOSTSGreg Kyte, CPATwitter: https://twitter.com/gregkyteLinkedIn: https://www.linkedin.com/in/gregkyte/Caleb NewquistTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/SOURCES:In search of Inigo Philbrick, the disappearing art dealer [GQ]Rudolf Stingel Painting at Center of Inigo Philbrick Lawsuit Faces Another Ownership Claim [ARTnews]Who Is Inigo Philbrick? Meet the Man Behind One of the Biggest Potential Modern Art Scandals [ARTnews]The Talented Mr. Philbrick [NYT]What Did Inigo Philbrick Do? How One Precocious Dealer Allegedly Swindled the Art Market’s Savviest Players Out of Millions [Artnet]High-End Art Dealer Accused of Defrauding Basquiat Investor [Bloomberg]United States of America v. Inigo Philbrick [Justice.gov]Where’s Inigo? As a Furious Art World Searches for the Disappeared Dealer, Kenny Schachter Finds Him… on Instagram [Artnet News]Art Dealer Inigo Philbrick Has Vanished in a Cloud of Scandal [Bloomberg]Inigo Philbrick [Art Bust]The Art World’s Mini-Madoff and Me [Vulture]Fugitive Art Dealer Arrested on Pacific Island in Fraud Case [Bloomberg]Art Dealer Inigo Philbrick Will Be Kept In US Custody After His Fiancée’s Family’s Bahamas Real Estate Was Rejected as Bail Collateral [Artnet]In a Shift, Notorious Art Dealer Inigo Philbrick Set to Plead Guilty to Criminal Charges in Federal Court This Week [Artnet]Former London And Miami Art Dealer Pleads Guilty To Defrauding Art Buyers And Financers Of More Than $86 Million [Justice.gov]‘He’s sabotaged his entire life for greed’: the $86m rise and fall of Inigo Philbrick [Guardian]Former Art Dealer Sentenced To 7 Years For $86 Million Fraud Scheme [Justice.gov]Speculators Win Big With Bets on Young Artists - NYTBusiness Partner Of Art Dealer Inigo Philbrick Pleads Guilty To Defrauding Art Buyers And Financers [Justice.gov]Leading artists worldwide in 2021, by auction revenue - StatistaHalf of Van Gogh’s art has been purchased by Chinese collectors and speculators - The Art Newspaper
67:09 4/13/23

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