Another staggering case – $65 Million by one individual in embezzled funds through kickbacks.
California’s Fry’s Electronics VP Arrested for Embezzling over $65M (more…)
Archive for December, 2008
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Dec/080
Dec/080
Accountants Always Get A Bad Rap
Why is it that accounting has such a negative reputation as a career choice? It continues even though the profession has changed so much over the years.
Tonight I was watching a fairly new children’s Christmas movie – “Christmas Is Here Again” – a “G-rated” cartoon narrated by Jay Leno. There were actually a number of well-known celebrity voices. (more…)
22
Dec/080
Dec/080
How Much Embezzling Is Occuring Today?
The investment Ponzi scheme of $50 billion is quite interesting. Just how many of those could be out there? Locally a separate large embezzlement was detected in Connecticut – $350 million.
I was reading the CT Law Tribune 12/15/08 issue today. Cover story – Marc S. Dreier, sole equity partner of a six-city, 238 lawyer firm was charged with embezzling $350 million from client funds accounts. (more…)
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