Posted by Alexandra Entrup. In December 2016, the United States v. Nosal (Nosal II) case was heavily questioned. David Nosal worked at KFI, Korn/Ferry International, however, in 2004, he made the decision to leave the company. Despite leaving the company, he resumed working as a contractor under an agreement that forbade competition with KFI. Regardless of …
Author Archives: blogbusinesslaw
Leniency on Criminals vs. Corporation
Posted by Samar Baeshen. According to an October 21, 2015 news article in The New York Times, “Criminals Should Get Same Leniency as Corporations,” there are many critics arguing that corporations trying to make a big effort to defend their misconducted executives ought to be treated like common criminals. In addition, Emmet G. Sullivan, a …
Ransomware and Online Fraud
Posted by Charles Batikha. Ransomware is similar to a Trojan horse. Imagine receiving an email from a non-familiar email address. The email claims to be the IRS claiming you are being sued for tax evasion and instructed to click on a link to a website. You are skeptical, but what is the worst thing that …
Daily Fantasy Sports Gambling
Posted by Ryan Neligan. Earlier in the month, the state of New York banned the use of Fanduel and Draftkings, both websites in which people use to bet on daily fantasy sports. These websites are run daily in which people place down money and compete against each other in order to see who the best …
Fraud and Forensic Accountants in Co-Ops/Condos
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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Commercial Mining in Space
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 …
Student Pleads Guilty in Wire Fraud Case
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 …
Opinion on DraftKings and FanDuel Cases
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 …
Mesa Airlines Employee – Bank Fraud
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 …
Forensic Accounting in Auditing – Benford’s Law
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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