The City of Buena Park takes its turn in the hot seat recently as citizens ask, how could this happen? Former Parks and Recreation Managers Rudolph Juarez and Gabriel Garcia are facing up to 195 and 135 years, respectively, in prison. An investigation of fraud has been going on for 2.5 years, and has now [...]
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 - [...]
Municipal Fraud Prevention- West Linn Part 2 of 3 The current West Linn Finance Department (after the 1.42 million dollar scandal), much like a Phoenix rising from the ashes, crafted a new mission statement. The forward moving department proclaims proudly “being good stewards of taxpayers’ monies is the Finance Department’s main focus, but that alone [...]
Municipal Fraud- West Linn Part 1 of 3 Municipal fraud is all around us explains Richard Seals CFE, CPA, CMA in his recent article: From First to Worst in Fraud-Magazine. http://www.fraud-magazine.com/article.aspx?id=4294977156 West Linn, Oregon’s former city finance director, Elma Magkamit, was a compulsive gambler. She also lied about being both a college graduate and a [...]
