Top 5 most interesting facts from ACFE 2018 Report to the Nation

Every two years the Association of Certified Fraud Examiner releases a study on fraud in their Report to the Nation. The 2018 report was recently released and I found the following facts to be very interesting. Over $7 billion in total losses. This number continues to increase.   A majority of the victims recovered nothing. [...]

Riverside County Real Estate Fraud & Ponzi Scheme

Hendrix Montecastro, Helen Pedrino Convicted in $142 Million Ponzi Scheme in Riverside The Associated Press reported the real estate investment scam to be approximately $142 million in fiscal scope. The defendants used seminars, internet ads, and word of mouth to lure people in Riverside County, California and Arizona to invest in a series of shell [...]

By |2021-07-16T00:17:43-07:00June 6th, 2013|fraud, ponzi scheme, fraud prevention, helen pedrino, hendrix montecastro, multi level marketing, ponzi schemes, pyramid scheme, real estate fraud, shell company, white collar crime|Comments Off on Riverside County Real Estate Fraud & Ponzi Scheme

Former Detroit Mayor Back in the News

Former Detroit Mayor Back in the News In June of 2011 I wrote about former Detroit Mayor Kwame Kilpatrick, who has been back in the news, for a conviction on a plethora of charges, including racketeering, fraud, and extortion. He was found guilty of 24 of the 30 charges brought against him. Kilpatrick was joined [...]

By |2013-04-23T17:08:00-07:00April 23rd, 2013|Forensic Accounting, financial fraud, fraud hotline, whistle blower, forensic accountant, government fraud, city fraud, city mismanagement, fraud prevention, Kwame Kilpatrick|Comments Off on Former Detroit Mayor Back in the News

Municipal Fraud Prevention-West Linn, Part 3 of 3

Municipal Fraud Prevention Part 3 of 3 -          Have checks and balances, and routinely ask yourself if loopholes exist -          Cheap comes out expensive, hire external auditors, forensic accountants, and certified fraud examiners -          Turnover in your finance department isn’t always a bad thing- in some cases, an extensive level of familiarity breeds corruption -          [...]

By |2021-07-16T00:16:16-07:00March 27th, 2013|Forensic Accounting, audit, fraud hotline, internal control systems, crappy accounting, forensic accountant, government fraud, municipal fraud, city fraud, city mismanagement, city cfo, fraud prevention|Comments Off on Municipal Fraud Prevention-West Linn, Part 3 of 3
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