Posted by Luca Aufiero. In the article, “Dealing with Fraud in Your Building – Forensic Accounting,” Steven Cutler discusses the types of fraud among co-ops and condos, the possible red flags, as well as how it may be perpetrated and deterred. Some signs of fraud from higher management could entail sudden lifestyle changes and lavish …
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Posted by Ryan Neligan. Human beings have a natural tendency to expand upon whatever the present is. In America, pilgrims settled in the state of Massachusetts and eventually expanded all the way to California. This trend of expanding continues today, as now people look forward to what is beyond Earth: Outer Space. This week Congress …
Posted by Ilse Narvaez. Oladipupo Kupoloyi, an 18-year-old Nigerian living in Binghamton, NY, pleaded guilty to his participation in a wire fraud conspiracy. Kupoloyi was a student at SUNY Brome Community College through a student visa. The wire fraud statute involves fraud by wire, radio or television. According to the statute 1343, it applies to …
Posted by Leonardo Terzulli. Two new cases that have just arose, DraftKings and FanDuel, two one-day fantasy sports websites that guarantee immediate cash payouts, have been banned in the state of New York. New York’s Attorney General Eric Schneiderman, sent a cease-and-desist letter earlier this past week accusing FanDuel and DraftKings to be considered illegal …
Posted by Charles Batikha. Tamira Fonville was a Mesa Airlines employee and part time recruiter for a hair show, but these were both false lives that Fonville was leading. Fonville spent her time along the east coast from New York to Washington D.C. trying to lure women to expose their financial information by fraudulently posing …
Posted by Daniel Perez. In “Accountants Increasingly Use Data Analysis to Catch Fraud,” Jo Craven McGinty highlights the rise in the use of mathematical and forensic procedures in the today’s audit industry. Americans are burdened with an estimated $300 billion a year due to employee fraud in the workplace. In the aftermath of large-scale fraud …
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Posted by Samar Baeshen. The Fourth Amendment to the U.S. Constitution reads” The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated, and no Warrants shall issue, but upon probable cause, supported by Oath or affirmation, and particularly describing the place …
Posted by Daniel Perez. The demand for forensic accountants has been growing rapidly in recent years, especially in divorce cases of the ultra-wealthy. In an article published in Forbes in September, Russ Alan Prince cites divorce by the wealthy as being a key area that drives the need to hire forensic accountants. The rationale behind this …
Posted by Ilse Narvaez. A conspiracy occurs when two or more parties agree to commit a crime. The crime is complete when the agreement is made. The four elements of conspiracy are an agreement, unlawful object, knowledge and intent, and an overt act. The prosecution has to prove there was knowledge of the conspiracy and the …
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Posted by David Cadorett. There are many reasons that a business might hire a forensic accountant; however, one may hire a forensic accountant if they are a wealthy married couple in the process of a divorce. The spouse with less income would be most likely to hire the accountant to make sure their significant other is …
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