When the IRS believes a taxpayer has unreported income, they will use alternative methods to attempt to determine the true income. One of those methods is the Expenditures Method. Tracy Coenen explains the basic methodology in this video. Note that […]
The thing that caught my eye about this story was the description of the financial statements as “sanitized.” I know what that means, and I bet the investors in Pacific Private Money wish they had heard about sanitized financial statements […]
Brett H. LaChappelle of Two Rivers, Wisconsin, has been busy telling the internet about himself. One of his recently published biographies describes himself as a special needs aide working with people with autism and intellectual disabilities. It discusses his education, […]
Interviewing witnesses and suspects is a critical part of any fraud investigation. There are tons of resources out there to help fraud investigators learn how to become effective interviewers. There are books, videos, courses, and certifications. I’m going to quickly […]
The Federal Trade Commission is taking what it calls “historic action” against Amway, one of the oldest and largest multilevel marketing companies in the United States. And yet, you’d be hard pressed to find any news stories about this. All […]
Venture capital investors gave Shiloh Luckey (fka Shiloh Johnson) more than $13 million for her tax compliance startup, ComplYant. Federal prosecutors now say she lied about the company’s revenue, customers, subscriptions and cash balances. She allegedly used some of the […]
After more than 30 years conducting fraud investigations, I have learned a lot about fraudsters, their methods, and the companies they work for. Hotlines cut fraud losses in half. Anonymous reporting mechanisms like fraud hotlines decrease the cost of internal […]
Andrew Left made a career out of telling investors which stocks he thought were winners and losers, and people listened. That turned out to be very profitable for Left. A federal jury has now decided that some of those profits […]
Convicted felon and unlicensed doctor Luann Moraski is working again in a medical practice called Juniper Health and Wellness. She is prohibited from providing most medical services that require a professional license since she does not have a license to […]
After nearly six years of litigation, the defamation lawsuit between Tanya Zuckerbrot and social media influencer Emily Gellis Lande has been settled. The terms are remarkable. Gellis will pay Zuckerbrot $500 per month for the next 40 years, for a […]
