Fraudsters Targeting YOU! Affinity Fraud Part 3 of 3

How to Avoid Affinity Fraud Part 3 of 3 Things to keep in mind: -         If it sounds too good to be true, it is. -         Never allow someone’s rhetoric to overpower your common sense. -         Take a few days to think about and examine any investment decision. -          A “best practice” procedure is to [...]

By |2021-07-16T00:02:45-07:00May 23rd, 2013|ponzi, ponzi scheme, church fraud, affinity fraud, fraudsters, scams, victims of fraud, charity fraud, audit partner|Comments Off on Fraudsters Targeting YOU! Affinity Fraud Part 3 of 3

Fraudsters Targeting YOU! Affinity Fraud Part 2 of 3

 How is Affinity Fraud Accomplished? Typically a fraudster embodies or personifies ideals held by the group to be very advantageous. In some situations this could be a member of poor community that shows outward signs of success, such as rolling into the community in a Bentley, or an older individual that boasts great success in [...]

By |2021-07-16T01:13:28-07:00May 8th, 2013|charity fraud, Forensic Accounting, ponzi, financial fraud, ponzi scheme, church fraud, affinity fraud, scams, victims of fraud|Comments Off on Fraudsters Targeting YOU! Affinity Fraud Part 2 of 3

Fraudsters Targeting YOU! Affinity Fraud Part 1 of 3

What is Affinity Fraud? I recently stumbled upon a 3-part video on Affinity Fraud, aptly titled Affinity Fraud: Preying on Those Who Pray. Every year, billions of dollars (in the U.S. alone) are stolen from unsuspecting victims of this kind of fraud. http://www.youtube.com/watch?v=vUv4dDavC6U&list=PLDF985F76B59B68E7&index=1 Simply put, although there’s nothing simple about it, affinity fraud occurs when [...]

By |2021-07-16T00:05:17-07:00April 30th, 2013|scams, victims of fraud, Forensic Accounting, fraud, madoff, ponzi, ponzi scheme, affinity fraud, fraudsters|Comments Off on Fraudsters Targeting YOU! Affinity Fraud Part 1 of 3

Municipal Fraud- West Linn, Part 1 of 3

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 [...]

By |2013-03-13T23:46:00-07:00March 13th, 2013|ponzi, financial fraud, Corruption, forensic accountant, municipal financial management, municipal fraud, audit|Comments Off on Municipal Fraud- West Linn, Part 1 of 3

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|Embezzlement, Lennar, Minkow, Forensic Accounting, ponzi scheme, due diligence, fraud, ponzi, financial fraud, non-profit, get rich schemes, Corruption|Comments Off on Minkow back to the Clink!

Madoff’s Accountant Didn’t Do Audits?

Here's a picture of the accountant's office. Suite 3. Accounting, Taxation and Financial Services ... hmmm. Taped to the window ... it says they "E-File". Classy digs! Apparently, the accountants were telling the AICPA for 15 years that they didn't do audits. The AICPA has since kicked him out. Nice due diligence on the part [...]

By |2022-08-22T01:39:09-07:00May 26th, 2009|fraud, madoff, ponzi, Forensic Accounting, audit, due diligence, financial planner|Comments Off on Madoff’s Accountant Didn’t Do Audits?
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