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A Pretty Face, But Nothing Behind It 19 Mar 2012 | 07:13 am
Nice legs and a pretty face don’t qualify you as a bookkeeper, or anything else having to do with accounting. This woman put on a good appearance, but that doesn’t pay the IRS. See story here
Tragic Consequences of Fraud 18 Mar 2012 | 10:47 am
Too bad, but some people can do the crime, but not face the time. This site lists some stories of murder and suicide as a result of fraud schemes discovered. See stories here
Bank Internal Controls Not Considered by SBLF 2 Feb 2012 | 04:22 am
A new report by the Office of the Inspector General reveals that when estimating the cost of the Small Business Lending Fund, a way to get money into the hands of small business during the recent cred...
Man Laundering Wife’s Embezzled Money 9 Dec 2011 | 03:00 am
If your spouse does something illegal, like embezzle money, and doesn’t report it to the IRS, you can claim an “innocent spouse” defense if you can prove you didn’t know about the money. Thomas Hutch...
An Opportunity to Steal 8 Dec 2011 | 03:00 am
The alleged thief claims his misappropriation of the money was justified. He then goes on to say that he over-delivered on his services, so the California trade school he is accused of stealing from ...
Passwords Aren’t Just for Kids 7 Dec 2011 | 03:00 am
This news story out of Florida is about a bell ringer who was told by someone with an empty kettle that they were to switch them, and he would take her kettle, which was full of money. Unfortunately,...
State Budget Cuts => More Embezzlement? 6 Dec 2011 | 03:00 am
If the state can’t come around to audit the books and records, will the counties and towns lose more money to embezzlers and thieves? The fact is the stated main purpose of an audit in the United Sta...
Small Organization Financial Set Up to Prevent Embezzlement 29 Nov 2011 | 12:07 pm
When there is money involved in an organization of any type, no matter how small the amount, there should be cross-check controls to prevent someone from putting the money in his or her pocket. Separ...
Unbalanced Books? Could be an Indication of Theft. 10 Nov 2011 | 03:00 am
If you wanted to hide the fact that you were taking money from a company, would you keep the books in perfect order, with everything balanced and accounted for? Probably not? Neither did Cheril Jea...
Lack of Controls Puts Employee at Risk 9 Nov 2011 | 03:00 am
In a small town in Vermont, Sherry Roebuck did the financial administration for the local sewer system. She sent out the bills, collected the money, made the deposits, and kept the books. Unfortunat...
