Posts Tagged ‘irs cid’

Do Former Law Enforcement Officers Make Better Forensic Accountants?

Today Brian Willingham of the Diligentia Group has inspired me with his article Do Former Law Enforcement Officers Make Better Private Investigators? While Brian agrees that experience in law enforcement can be helpful to a private investigator, it does not necessarily make that investigator better. The same can be said for forensic accountants and fraud investigators: Law enforcement experience can be helpful, but it is not as important as you might believe.

Brian points us to a video that suggests that:

Forensic Accountant Builds Successful Practice by Billing For Value, Not Time

International Association for Asset RecoveryThe path from Marquette undergraduate to forensic accounting expert was an unexpected one for Tracy Coenen. But she hadn’t counted on a chance semester of Financial Criminal Investigations and the impression left by her professor, a former IRS special agent.

“It was somewhat accidental and somewhat not,” Coenen said. Her professor explained the intricacies of financial investigations and how these cases could be cracked using techniques of accounting, as opposed to street maneuvers. Intrigued by the class content, Coenen, then majoring in criminology and law studies, used all her elective credits to take business and accounting classes to carve out a niche for her newfound interest. “That’s what got me interested in it, and then I had to figure out how to get into the private sector.”

Jeweler Charged With Money Laundering

Milwaukee area jewelery Harry C. Glinberg has been charged with money laundering, and has been accused of significantly underreporting his income to the IRS. He was arrested last week and is currently free on a signature bond.

Glinberg is accused of selling expensive jewelry to drug dealers for cash. The jewelry store is known for selling watches costing thousands of dollars, including diamond encrusted watches that retail for $30,000.

Expert Fraud Investigation
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CPA's Handbook of Fraud and Commercial Crime Prevention
Essentials of Corporate Fraud
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