Forensic Accounting Services, LLC
Piecing Together Financial Puzzles®
$10.4 million embezzlement, $10,400,000, stolen over a little more than three short years, to support a “significant gambling problem?” First, how much investments could a firm manage or maintain to not miss $10.4 million dollars? I am left wondering how this amount was not missed for over three years, and how controls that I would expect implemented by any investment …
Day after day I receive Google notifications containing news articles relating to embezzlement. On any given day, somewhere between twelve and twenty different notifications are delivered to my in-box, some with only one news article or post, while others contain several different cases. It amazes me just how much theft is occurring, and when you take into consideration only one …
I volunteer at times for my church, working at activities or cooking at the weekly bingo. It’s quality time, a great diversion from fraud and financial crimes, and allows me a way to give back to my community and support their programs. Recently I worked an event at our church where I brought personal things from home to help during …
Much has been written about the risks associated with employee embezzlement, especially in light of the current state of the economy, employment and the declined financial climate in general. Yet day after day I receive 10-20 new Google alerts of news stories involving embezzlement around the country. In this latest case capturing headlines due to the victim organization being the …
NUN Accused of Embezzling $850,000 From College, Then Gambling It Away in Atlantic City “A Catholic nun broke one of the Ten Commandments by embezzling $850,000 from a suburban New York City college and gambling it away in Atlantic City, according to federal prosecutors.” To read the entire story, here’s the link: http://www.foxnews.com/us/2010/12/11/nun-embezzeled-k-college-gambled-away-ac/#ixzz1GFaHx8B6