non-profit fraud

Church Embezzlement Orange County

Interim Treasurer Fiatala Manu of the First Samoan Christian Congregational Church in Santa Ana has recently been charged with the embezzlement of upwards of $110,000. It is alleged that Manu wrote checks to himself from church bank accounts to feed a gambling addiction. He was called on the carpet about it when an Assistant Treasurer [...]

School District Fraud – Santa Clara

As moneys become tight and budgets continue to be squeezed, financial vigilance must be increased.  Anti-fraud controls must be developed.  Systems must continue to be reviewed and analyzed to reduce the chance of fraud. This problem at the Santa Clara Unified School District may have been averted with proper internal oversight.  The link will also [...]

Non-Profit Fraud, Another Church, Another CFO

This time is was $900k being separated from the Archdiocese of Philadelphia.  What's killing me it that it was the CFO.  Another clue, from the article "...she liked to play the slots at the Borgata casino in Atlantic City...".  Over a 6 year period of time this money diss appeared.  Would had been discovered if [...]

By |2012-07-02T23:01:00-07:00July 2nd, 2012|church fraud, forensic accountant, Forensic Accounting, non-profit, non-profit fraud|Comments Off on Non-Profit Fraud, Another Church, Another CFO

Another Catholic Priest Gambling with Parish Funds

At least this time is was in Las Vegas. Over 10 years apparently he pocketed $650k. Again ... no one ran into this guy in the casino? I'm just saying ... Some parishioners believed that he had a Robin Hood-type reason to steal. Remember, they're called con men because THEY GAIN YOUR CONFIDENCE AND THEY [...]

By |2012-01-17T00:32:00-08:00January 17th, 2012|Elizabeth Ann Seton, financial fraud, forensic accountant, Forensic Accounting, fraud, Gambling, James C. Mahan, non-profit, non-profit fraud, nonprofit, religious organizations|Comments Off on Another Catholic Priest Gambling with Parish Funds

City of Compton Fraud … You’re Kidding!

Now the Mayor of Compton alleges fraud. Who knew? It stopped the City from getting a line of credit to handle the $41mm deficit. Good luck getting an opinion from the auditors. Apparently the last audit had a "going concern clause". Here's hoping the auditor gives an opinion (rather than disclaiming). Oh ... what a [...]

By |2012-01-16T23:52:00-08:00January 16th, 2012|auditors, city of Compton, crappy accounting, Embezzlement, fraud, non-profit fraud, nonprofit, whistle blower|Comments Off on City of Compton Fraud … You’re Kidding!

First 5 LA gets blasted for crappy accounting

Can I say "crappy"? Yes, I believe I can. And did. Apparently, First 5 Los Angeles has accumulated $800 million of taxpayer money that they're sitting on. They apparently spend $180 million per year but can't quite spend the whole amount they get ... so it sits in the bank. THAT'S OUR MONEY PEOPLE! "An [...]

Big Trouble in Cedar City

Companies and Non-Profits ... please check your auditor's license. If it is not current or is suspended, there most likely is a reason. Always log on to your state board of accountancy website and license check before giving them work. Auditors ... please do the same with the prior auditors ... and do a google [...]

By |2011-03-25T12:45:00-07:00March 25th, 2011|due diligence, financial fraud, fraud, non-profit fraud, nonprofit, sec|Comments Off on Big Trouble in Cedar City

New Work for State Auditors!

A new senate bill will give California State Auditors the right to dig into the books and expenditures of cities. This in in response to the Bell scandal. Apparently 50 groups have been ratted on by whistleblowers!

By |2011-02-26T00:24:00-08:00February 26th, 2011|audit, auditors, City of Bell, financial fraud, Forensic Accounting, fraud, fraud hotline, internal control systems, non-profit, non-profit fraud, whistle blower|Comments Off on New Work for State Auditors!

Let the Finger Pointing Begin!

State of California State Auditor John Chiang says Mayer Hoffman McCann did a bum job. Mayer Hoffman McCann says they were deceived. IMO (in my opinion) it is ridiculous that an auditee (say the City of Bell) get's to pick their own auditor. The job of the auditor in this situation is to please the [...]

By |2010-12-27T19:05:00-08:00December 27th, 2010|auditors, City of Bell, financial fraud, Forensic Accounting, fraud, non-profit, non-profit fraud|Comments Off on Let the Finger Pointing Begin!

Thieves Arrested (Hooray!)

Our "Den of Thieves" have been uncovered, announced and arrested. Who knows whether it will stick ... but ... it's a start. (These are certain officials at the City of Bell, CA) This NPR interview asks the prime question ... How did a 2 1/2 mile square city, of 40,000 impoverished citizens wind up with [...]

By |2010-10-14T14:44:00-07:00October 14th, 2010|financial fraud, Forensic Accounting, fraud, get rich schemes, non-profit fraud|Comments Off on Thieves Arrested (Hooray!)
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