Essentials of Corporate Fraud featured in “The People Pro” Newsletter
Barb Bartlein is known nationally as “The People Pro“… offering advice and strategic assistance in dealing with people issues. She assists clients with management training, professional mentoring, and employee management issues. She’s a nationally syndicated columnist for The Business Journal, a successful author, and one funny lady. Her humor his lit up audiences [...]
AOL features a fraud post today to help promote my book
From the AOL Small Business welcome screen:
The actual post is on WalletPop today – When employees steal: Five reasons your business could be vulnerable to fraud. And the post links to my book, Essentials of Corporate Fraud.
There are already a couple of interesting comments. And they should get better throughout the day. AOL readers are [...]
You ask Google… I answer
Question: why would companies overstate inventory
Answer: There are a couple of reasons why a company might overstate inventory. They both relate to reducing expenses and therefore increasing the company’s profit.
If inventory is overstated, it means that cost of goods sold is understated. This could be a case of not writing down inventory that [...]
Defendants cheat Social Security, but claim it’s the government’s fault
If there’s one silver lining to this case, it’s that the defendants are apparently admitting that they cheated Social Security. But now the bigger problem is that they’re saying it’s the government’s fault.
Last month 83 people were charged with participating in a $663,000 fraud that spanned 15 years. The defendants are accused of falsely telling [...]
My US3 Report Insider Interview
I recently did an interview with Sam Steele (that’s him at the right), the face of The US3 Report. He interviewed me on Corporate Fraud & Embezzlement, and of course, gave me a chance to promote my new book Essentials of Corporate Fraud.
The US3 Report calls itself: “The Ultimate Safety & Security Resource for the [...]
Sam Antar’s advice to investors
In a recent article in Fortune Magazine about felon turned fraudfighter Sam E. Antar…. Sam gave the following tips to investors about looking for fraud in public companies. I think it’s sound advice!
From White Collar Crime Fighter: Why would the founder of a successful financial institution steal from it – risking all?
The former CEO of the First National Bank of Northern Kentucky was indicted in connection with a $4.5 million fraudulent loan scheme that he allegedly facilitated. Richard Thomas, who founded the bank in 1992, was charged with conspiracy to commit bank fraud and aiding and abetting the submission of false loan applications.
Details: According to court [...]
Is fraud ever immaterial?
A search that brought someone to my blog over the weekend gave me the idea for this post. Immateriality is a concept in accounting that amounts to “too small to matter.” Think of a company with $100 million in sales each year. If they made a mistake in recording their sales last year, and the [...]
Are “temporary” federal unemployment program extensions really all that temporary?
Not so much, according to Michelle Malkin. She’s got some great information that was fed to her by a House Ways & Means staffer, in light of the “economic stimulus” package that politicians are currently arguing about.
The Senate is arguing over whether or not to extend the normal 13 week unemployment benefits to add [...]
Usana executives aren’t the only ones lying about their credentials
See! Usana Health Sciences (NASDAQ: USNA) CFO Gill Fuller was right when he said that everyone was lying about their credentials (including him!).
The CEO of CellCyte (Public, OTC:CCYG) was recently busted for embellishing his resume, and the stockholders have paid dearly. Gary Reys, the co-founder and CEO of CellCyte Genetics was busted by The Seattle [...]
