When fraud happens within an organization’s accounting system, there is often a paper (or digital) trail left behind. It’s unavoidable, as there is a record of something related to the fraud, whether it is a legitimate invoice that was
A class action lawsuit filed in California highlights issues that a number of people (including consumers, attorneys, journalists, and forensic accountants) have been discussing. I will let the complaint speak for itself. The highlights include: Defendants advertise and market
Multi-level marketing companies are quick to tout the success of their “million dollar earners.” Sounds impressive, doesn’t it? Who doesn’t want to make a million dollars? Except that phrase “million dollar earner” hides the truth: What they don’t clearly
Financial statement fraud includes intentional, material misrepresentations. Tracy Coenen explains the concept of financial statement fraud to a
Johnny G. DeGirolamo, founder of The Law Offices Of John DeGirolamo, Esq., uses the tagline “In Law We Trust.” The firm’s website says: Having spent two years at the firm, it became clear to John that he missed the
This woman says that Primerica Financial Services representatives lie and misrepresent the business opportunity to others in order to get them to join and stay an active part of the plan (even if they’re not making any money). Hi.
Bill Ackman and Pershing Square produced an educational video about multi-level marketing companies and how and why they are pyramid schemes. Yes, I often hear: “Pyramid schemes are illegal!” “If XYZ Company was a pyramid scheme, the government would
Roca Labs is no stranger to ridiculous litigation. Last year, Roca Labs filed lawsuits against a multitude of companies and individuals in an attempt to silence critics. Essentially, the company sells a sketchy product called Gastric Bypass No Surgery.
Would you recognize the clues that your client has been ripped off by one of its employees? Or would management conduct business as usual, blindly trusting their employees? Companies make the mistake of not actively searching for fraud. They
High net worth divorces often have a high volume of data which must be analyzed when doing a lifestyle analysis. How can this data be managed and evaluated accurately? Tracy Coenen