non-profit

After Tax Reform, Here’s What the Nonprofit Sector is Watching

By Courtney Rozen Initial estimates aren’t promising: The American Enterprise Institute projected June 18 that the law would reduce charitable giving by $17.2 billion this year, according to a static analysis. But in the six months since Republicans passed the 2017 tax act (Pub. L. No. 115-97), much of the impact is yet to be [...]

Non-Profit Fraud, Kareem Abdul-Jabbar’s Charity Scam?

Last month the web was inundated with news of allegations made against Kareem Abdul-Jabbar’s charity, the Skyhook Foundation based out of Long Beach, CA.  In 2009 when the foundation opened, Mr. Abdul-Jabbar said “I have decided to open up the Skyhook Foundation to improve people’s lives through sports and education because my life could not [...]

By |2013-05-31T18:57:00-07:00May 31st, 2013|990, celebrity non-profit, charity fraud, conflict of interest, Forensic Accounting, fraud, iconomy, kareem abdul-jabbar, kareem abdul-jabbar non-profit, non-profit, scam, skyhook foundation|Comments Off on Non-Profit Fraud, Kareem Abdul-Jabbar’s Charity Scam?

Municipal Fraud Prevention- West Linn, Part 2 of 3

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 [...]

By |2013-03-20T15:42:00-07:00March 20th, 2013|audit, city fraud, city mismanagement, Forensic Accounting, fraud, internal control systems, municipal financial management, municipal fraud, non-profit, ponzi scheme|Comments Off on Municipal Fraud Prevention- West Linn, Part 2 of 3

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

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 [...]

Minkow back to the Clink!

ZZZ Best superstar Barry Minkow, King of the Ponzi's, became a preacher, a self-appointed fraud detector and finally a stock manipulator. Now he gets 5 years in the clink. for securities fraud. A good friend told me once ... the way someone does something, is the way they do everything. (translation ... Leopards don't often [...]

By |2011-07-27T01:21:00-07:00July 27th, 2011|Corruption, due diligence, Embezzlement, financial fraud, Forensic Accounting, fraud, get rich schemes, Lennar, Minkow, non-profit, ponzi, ponzi scheme|Comments Off on Minkow back to the Clink!

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!
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