Forensic Accounting Services, LLC
Piecing Together Financial Puzzles®
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 …
Funny how embezzlements seem to find me whatever I am doing. Believe it or not, although at my age I have had much opportunity, I had never watched the Christmas classic “It’s a Wonderful Life” staring Jimmy Stewart until the other night. Much to my surprise the movie centered around Stewart working at a bank, and $8,000 of missing money. …
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 …