Forensic Accounting Services, LLC
Piecing Together Financial Puzzles®
No sign of Florida financier or his clients’ millions – good thing it may only be $300 – $400 million this time. Just how many of these are out there? How many individuals are going to abscond with millions and billions of other people’s money before something is done to protect individuals from these schemes? So Arthur Nadel, praised “successful” …
Here’s a story right on point about embezzlements and small businesses. This story appeared on the front page of the Hartford Courant today. It is right on point with what is happening with employees and thefts. I too would love to see a registry of past embezzlers. We could extend that to include all the past embezzlers turned consultants like the …
Another staggering case – $65 Million by one individual in embezzled funds through kickbacks. California’s Fry’s Electronics VP Arrested for Embezzling over $65M This case seems really interesting. The kickback arrangement doesn’t seem to have been detected through anti-fraud measures, internal controls, employee tips, external audit procedures, or any other common means. Rather, it appears the only reason this case …
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 …
What starts as a local embezzlement can lead to other unplanned and greater consequences, even the elimination of an entire organization and headlines in national news. Here is a story I found tonight that reminded me of an embezzlement case close to home that resulted in serious consequences. I was a member of a volunteer ambulance association, and as luck …