Posted by Tracy Coenen on June 30, 2006 · Leave a Comment
Last week I spent three days in the Atlanta area providing training for the Georgia CPA Society. One of the topics I presented was an in-depth session on internal investigations, called Books, Crooks & Rooks: Internal Corporate Fraud Investigations.
Here are a few pointers for companies attempting to do internal investigations:
Create an investigative policy that [...]
Posted by Tracy Coenen on June 30, 2006 · Leave a Comment
Richard Scrushy, founder and former CEO of HealthSouth Corp., has been convicted of paying $500,000 in bribes to receive a spot on a state board that approves hospital construction projects. The guilty verdicts on six charges included bribery, conspiracy, and mail fraud. The maximum sentence is 20 years in prison, but sentencing won’t [...]
Posted by Tracy Coenen on June 29, 2006 · Leave a Comment
The justice department has been investigating Tenet Healthcare since late 2002, after questions were raised about the company’s Medicare revenue. The case started when questions came up about Medicare payments for outliers, a hospital’s sickest patients.
Outlier payments are bonuses paid to hospitals by Medicare, and are intended to compensate the hospitals for the unusually expensive [...]
Posted by Tracy Coenen on June 28, 2006 · Leave a Comment
Thanks Des Walsh for pointing me to this clip on WNBC. They play the recording and then interview Vincent Ferrari to get his perspective on it. He mentions that people have heard lots of horror stories about trying to cancel AOL accounts, but that a recording of such a situation would be [...]
Posted by Tracy Coenen on June 28, 2006 · Leave a Comment
The federal judge in the KMPG accounting fraud case in New York ruled that federal prosecutors cannot pressure companies to stop paying legal fees for indicted employees. In doing so, the government would get an unfair advantage and violate due process for the indicted employees.
Companies such as KPMG, Enterasys, and HealthSouth have not paid [...]
Posted by Tracy Coenen on June 27, 2006 · Leave a Comment
The city of Milwaukee hired the Los Angeles-based Police Assessment Resource Center to analyze police oversight in the city. The group determined that the Milwaukee Fire and Police Commission spends too much time on personnel issues, and almost no time on investigating complaints received.
Another problem cited is the appeals process for fired police officers, [...]
Posted by Tracy Coenen on June 26, 2006 · Leave a Comment
As a former Arthur Andersen employee, I’ve always had an interest in the company’s involvement in the downfall of Enron (which ultimately led to AA’s demise). We’ve all heard about the fact that AA employees began to shred documents. But how did that really happen?
Kurt Eichenwald lays it out in his book about [...]
Posted by Tracy Coenen on June 24, 2006 · Leave a Comment
The Wisconsin Taxpayers Alliance has analyzed state and local taxes and U.S.Census data, and has determined that the state is sixth highest in taxes as a percentage of personal income. If measured per capita, Wisconsin ranks twelfth. And if only income, sales and property taxes are measured Wisconsin is third.
The taxes as a [...]
Posted by Tracy Coenen on June 23, 2006 · Leave a Comment
A Fargo, North Dakota judged sentenced convicted murderer Dennis Gaede to life in prison without parole yesterday. Gaede was found guilty of killing Timothy Wicks, a Milwaukee-area drummer and house painter. After stealing his identity and moving to North Dakota, Gaede later killed and dismembered Wicks. Gaede was awaiting sentencing on a [...]
Posted by Tracy Coenen on June 22, 2006 · Leave a Comment
Oh my. How many of us have tried to cancel America Online accounts? I got rid of mine a long time ago, but I remember that it was quite challenging.
This guy called AOL to cancel his account and gladly recorded the phone call for our listening pleasure. Surprise, surprise. He got a [...]
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