Forensic Accounting Services, LLC
Piecing Together Financial Puzzles®
A little late with my post, but passing along the news story that Bank of America, the first to publicly announce plans to charge debit card users a monthly fee of $5, decided November 1st to reverse its decision. One compelling reason may have had something to do with the over 300,000 signatures obtained on a petition protesting Bank of …
A colleague business owner noticed a transaction on his bank account that wasn’t appropriate. A check had cleared for an amount much too large for the dollar range of checks his company typically writes. Within minutes he identified that the check had been altered and cashed, for approximately 1,900% more than it was originally written. Consistent with requirements, he contacted …
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 …
A recent commercial on tv highlighted a new app to be launched in the near future, perhaps as early as this summer. The app will allow a smart phone user to take a picture of a check to be deposited, and transmit the picture to their bank. The user will not have to physically go to the bank, nor present …
Working on an ambulance for the past 15 years, I have seen the results of many accidents and incidents, a few bad ones, but never observed them as they occurred. That is until yesterday. A car traveling like a race car through the neighborhood in the middle of a Sunday afternoon. Kids (my kids, nieces and nephews) playing on the …