Green Bay Packers Fraud: Brett Favre’s Identity Theft

William Joachim of West Phoenix had been arrested on suspicion of using Brett Favre’s credit card over 40 times. He was arrest on four felony charges related to identity theft. Two other men were also arrested in the case, and have been booked on forgery charges. The 40 unauthorized charges happened in Maricopa County, and … Read more Green Bay Packers Fraud: Brett Favre’s Identity Theft

CPA Sleuths: Bringing the Truth to Light

On Balance – The Magazine for Wisconsin CPAs – January/February 2006
By Colleen Smith

Like a Perry Mason movie brought to life is the way some forensic accountants describe their jobs. Investigations and courtrooms are part of their everyday lives, but the glamour is an illusion.

“I spend lots of time digging through boxes, getting dirty, making copies and doing other less-than-desirable tasks,” says Tracy L. Coenen , CPA, MBA, CFE, of Sequence Inc. in Milwaukee.

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Office Piracy: A Trusted Employee Becomes a Worst Enemy

Written by Tracy L. Coenen, CPA, CFF

On Balance – The Magazine for Wisconsin CPAs – January/February 2006

It felt like my gut had been ripped out. Fifteen years of our lives went down the drain. He took our trust and forever altered the way we view the world.

Thief on board
After 10 years in business we decided to grow our company. To do this, we needed to hire someone with financial expertise. I’m an engineer, not an accountant, so we hired a CFO named David and trusted him to protect our money.

Read moreOffice Piracy: A Trusted Employee Becomes a Worst Enemy

Fraud Prevention 101

Written by Tracy L. Coenen, CPA, CFF

Wisconsin Law Journal

Reprinted in Kansas City Daily Record and St. Louis Daily Record

Fraud is an industry unto itself, causing annual losses to United States companies totaling at least $660 billion. While it’s easy to focus on the big losses incurred by the likes of Enron, Tyco, and WorldCom, no company is immune to the problem. Companies of all sizes are vulnerable, even though their risks may be different.

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Former Wal-Mart Vice Chairman will plead guilty

Thomas Coughlin, the former Vice Chairman of Wal-Mart Stores Inc. will plead guilty to federal charges of wire fraud and tax evasion. He was accused of stealing $500,000 through the improper use of gift cards and expense reimbursements. Mr. Coughlin’s compensation was millions of dollars, but was nonetheless caught having the company pay for personal … Read more Former Wal-Mart Vice Chairman will plead guilty

Milwaukee Fraud: Convicted Con Artist Gets 30 years

Leslie John Hamilton was sentenced to 30 years in prison for masterminding a pyramid scheme that he claimed was an investment in rare coins. The scheme involved over 300 victims, who lost more than $10 million. Hamilton was convicted by a federal jury on 28 counts of mail fraud and wire fraud, after representing himself … Read more Milwaukee Fraud: Convicted Con Artist Gets 30 years

Home mortgage fraud

The U.S. Department of Housing and Urban Development (HUD) announced today that over 28,000 home mortgages were approved and federally insured with forged underwriting approvals by lender ABN AMRO Mortgage Group of Ann Arbor, Michgan. From 2000 to 2003, ABN AMRO pushed through thousands of loans without getting Federal Housing Administration review, as required. Employees … Read more Home mortgage fraud

Lessons learned from Bielnski Brothers

Last week the Wisconsin Law Journal published an article I wrote about the fraud at Milwaukee-area home builder Bielinski Brothers Inc. The company’s CEO, Robert Brownell, was the mastermind of a fraud that cost the company an estimated $12 million. There were several players charged with federal crimes, along with Brownell, and most have pleaded … Read more Lessons learned from Bielnski Brothers