On December 15, I am doing a webcast for Securities Docket. Sign up here. Financial investigations with high volumes of documentation are difficult, time-consuming, and not always effective. Traditional forensic accounting techniques rely primarily on a manual analysis of the […]
I read a very interesting article yesterday on NYTimes.com, by John Kinnucan of Broadband Research. The FBI “invited” him to wear a wire and essentially entrap clients. He said no, and he told his clients about the FBI’s request. Of […]
I’ve recently been looking more closely at the Foreign Corrupt Practices Act (FCPA) as I consider the types of services companies will need from independent forensic accountants. This is an area in which government enforcement is skyrocketing, and so there […]
From Pyramid Scheme Alert newsletter, by Robert FitzPatrick The largest of all multi-level marketing companies, Amway, just agreed to pay $150 million in restitution and reform to settle consumer charges of fraud. The heart of the consumers’ complaints is that […]
Yesterday’s Milwaukee Journal Sentinel had an article on the concept of merit pay for teachers. The idea has been floated many times, but not tried very often. Teachers are against it for the most part. Wouldn’t you be? Why give […]
Yesterday, Sue Sachdeva was sentenced to 11 years in prison for her $34 million theft from her employer, Koss Corp. I predicted a little slap on the wrist of 5 to 7 years, so she got two little slaps instead. […]
A recent Compliance Week article, An Expensive Lesson on FCPA Compliance [subscription required], provides some valuable insights on the direction that our government is taking with enforcement. Foreign Corrupt Practices Act violations are a huge focus of the feds right […]
Yesterday the government’s sentencing memorandum in the criminal case against Sujata Sachdeva (the woman who stole more than $34 million from her employer, Koss Corp.) was released. It had a number of items of interest. Prior to sentencing, the prosecution […]
The internet offers infinite space in which to carve out a piece of blogger stardom. INSIGHT – The Magazine of the Illinois CPA Society – November/December 2010 By Christine Bockelman When CPA and financial fraud expert Tracy Coenen started her […]
Nearly a year after she was arrested, Sue Sachdeva will be sentenced for stealing $34 million from the Koss Corporation.Sachdeva, a former executive at Koss, will be sentenced in federal court Thursday.
