November 29, 2021

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220 results found.

Accountants Behaving Badly: Old Guy Decided Stealing a Sh*t-Ton of Money Would Be the Best Way of Getting Back At His Bosses For Downsizing

Eighty-year-old Charles Esposito of Hainesport, NJ, who worked as an accounting manager for Oldcastle BuildingEnvelope for 45 years, was sentenced to five years in state prison on June 9 after admitting to stealing $2.5 million from his former employer, according to the Philadelphia Inquirer. Assistant Prosecutor Joseph Remy said during the sentencing hearing that ol’ […]

Accountants Behaving Badly: Ex-Missouri CPA Would Have Made Bernie Madoff Proud

Former Lebanon, MO, accountant Douglas Richardson found out on June 10 how long he’ll be spending in federal prison for the Madoff-esque crimes a jury in November 2019 said he was guilty of committing. According to the U.S. Attorney’s Office for the Western District of Missouri: A former certified public accountant in Lebanon, Missouri, was […]

Accountants Behaving Badly: Fraud Isn’t All It’s Cracked Up to Be

I never thought I’d ever write the words “egg accountant busted in embezzlement scheme” but here we are. The egg accountant, Jonathan Weston, was indicted by a federal grand jury in Pittsburgh June 3 on charges of fraud conspiracy, money laundering conspiracy, and tax fraud. According to the U.S. Attorney Office for the Western District of […]

Accountants Behaving Badly: Guy Liked Gambling and Porn a Little Too Much

After pleading guilty last February to two counts of wire fraud for stealing more than $1.2 million from his former employer, accountant Christopher May of Paoli, PA, was given 16 months to think about his choices. The U.S. Attorney’s Office for the Eastern District of Pennsylvania said: From roughly October 2019 until May 2020, while […]

Accountants Behaving Badly: E Is for Embezzlement, This Lady Is a Wreck, Records Destruction!

Plus, a U.K. accountant is going to spend some time in jail for stealing money from two nursery schools, which she used to treat herself to a new kitchen. Accountant arrested for embezzling $1.2 million from furniture firm [Woodworking Network] Manuel “Mendy” Goldring was arrested on Feb. 18 for allegedly embezzling $1.2 million from Academia […]

Accountants Behaving Badly: Of Course One of the Capitol Insurrectionist Dummies Is a CPA

The owner of McAuliffe CPA Enterprises in Mineola, NY, took a field trip down to Washington, DC, and decided it would be a good idea to join a bunch of other domestic terrorist doofuses in storming the U.S. Capitol on Jan. 6 because they actually thought they could prevent Congress from confirming Joe Biden as […]

Accountants Behaving Badly: DOJ Has Been Busy Busting CPAs For a Variety of Crimes

Plus, a Louisiana tax preparer who pleaded guilty to four counts of tax fraud will be sentenced on Tax Day. New York Accountant Pleads Guilty to Federal Tax Charge [Justice Department] James Guerra, a CPA from Dix Hills, NY, waived his right to be indicted and pleaded guilty on Jan. 25 to a federal tax […]

Accountants Behaving Badly: Pool Guy Gets Jail, Inhumane Behavior, Trouble At the Chicken Farm

Plus, not only did a financial controller in the U.K. get five years for stealing £437,000 from her employer, but she also royally screwed over her co-workers. Accountant sentenced in federal court for embezzling $470K from family-owned business [St. George News] Richard William McDonald, an accountant currently living in Greer, SC, was sentenced on Dec. […]

Accountants Behaving Badly: Pervert Pleads Guilty, ‘The Worst Kind of Thief,’ Jailed ‘City Boy’

Being involved in a prostitution-and-drug ring is a career-limiting move. Former Lexington accountant pleads guilty in sex ring that victimized drug addicts [Lexington Herald Leader] Mark Milslagle admitted taking part in a conspiracy that victimized drug-addicted women for sex. If his plea deal is accepted, the former Lexington accountant will be sentenced to five years and […]

Accountants Behaving Badly: E Is for Embezzlement, Probation for Thief, Jailed for Bank Fraud

Also, a Texas accountant was sentenced to 10 years of probation for stealing money from a charity, and a U.K. accountant sentenced to three years in jail for defrauding a company pension scheme of £292,000 must repay that money. Kissimmee Accountant Pleads Guilty To Embezzling Funds From Two Different Employers [Justice Department] Kavita L. Harack, […]

Accountants Behaving Badly: Get a Load of This Clown

A Minnesota accountant was sentenced last week for stealing from his client and is now on the hook to pay back $355,000. The StarTribune reports: A Duluth accountant says he will pay back more than $355,000 he stole from two local businesses, including the Duluth Area Chamber of Commerce, after pleading guilty on Monday to […]

Accountants Behaving Badly: Ex-Deloitte India CEO Gets 7-Year Audit Ban, KPMGer Fired for Facebook Rant, Ponzi Schemer Gets 10 Years

Plus, the engagement quality review partner for Deloitte India also got banned by an audit regulator in connection with IL&FS audit failures. NFRA bars former Deloitte head from audit for 7 years over lapses at IL&FS [Livemint] Former Deloitte Haskins & Sells CEO Udayan Sen was banned from auditing for seven years and fined Rs […]

Accountants Behaving Badly: PCAOB Fines Australian Firm, Larcenies In Massachusetts, Slammer Time

Plus, a former chartered accountant in India is accused of murder, and a U.K. accountant is jailed for three years for stealing thousands of pounds from car dealership. PCAOB fines Australian accounting firm $50,000, revokes registration for not following auditing rules too well [PCAOB] The PCAOB recently revoked the registration of Sydney-based HLB Mann Judd […]

Accountants Behaving Badly: Ex-KPMG Auditor Arrested, Embezzler Gets 5 Years, Fraudster Gets 2 Years

Plus, Australian accountant caught up in cheese scandal, and an accountant in Fiji accused of defrauding a client pleads not guilty. Sipho Malaba arrested in connection with the R2,7 billion VBS Bank robbery [Pindula News] Former KPMG South Africa auditor Sipho Malaba was one of seven people who were arrested on June 17 for their […]

Accountants Behaving Badly: KPMGer’s Racist Facebook Rant, Wife Killer Charged Again, Thankful For the Rona

Plus, serial embezzler sentenced to nearly three years in prison, and United Arab Emirates accountant jailed for money laundering. KPMG distances itself from manager’s ‘racist’ Facebook rant [Trinidad Express] Sachin Boodram, an audit manager at KPMG in Trinidad and Tobago, probably should’ve just stuck to posting selfies, inspirational quotes, and recipes on his Facebook page. […]

Accountants Behaving Badly: Insider Trader Settles with SEC, Embezzler Gets Jail Time, Maritime Thief

Plus, accountant’s tax fraud conviction upheld in court, and a Canadian accountant is banned by financial regulator. SEC charges biotechnology company CPA with insider trading [SEC] Jana Faith Kiena, CPA, a former contract accountant in the revenue recognition group at biotech company Illumina, will pay about $374,000 to settle insider trading charges for using confidential […]

Accountants Behaving Badly: Boozin’ It Up, Embezzling Old Folks’ Home, Fake Robbery In India

Plus, two bookkeepers—one for a church and the other for an accounting firm—are busted for stealing money. Trainee accountant stole £60,000 from boss to fund six months of hard drinking [Metro] Jake Currie used his job as a trainee accountant to fake invoices and frittered away £40,000 of the money he stole on getting wasted […]

Accountants Behaving Badly: Whitley Penn and 3 CPAs Fined, Misappropriation and Mail Fraud, Gambling Away Client Money

PCAOB fined Whitley Penn $200,000, three CPAs for really crappy auditing Back in March, the PCAOB disciplined top 45 firm Whitley Penn and three of its partners for ignoring the fact that there are PCAOB rules in place for public issuer audits. With all the coronavirus hysteria that has been going on, we failed to […]

Accountants Behaving Badly: PCAOB Fines CPA, Scammer CPA Pleads Guilty, CPA’s License Suspended

Plus, an accountant from India is accused of spewing hatred, and a Michigan tax preparer allegedly stole more than $400,000 from clients. PCAOB fines CPA firm owner for not playing by the rules [PCAOB] Rizwan Ahmed, owner of Ahmed & Associates CPA P.C. in New York, was fined $10,000 by the PCAOB on April 21 […]

Accountants Behaving Badly: Ex-BDO Puerto Rico MP Charged, Sick Demands, Stealing $365K

Plus, chartered accountant jailed after stealing £86,000, and bankrupt New Zealand accountant sentenced for swindling horse trainers. Ex-Puerto Rico officials charged in corruption probe [Bloomberg] Fernando Scherrer-Caillet, ex-managing partner of BDO Puerto Rico, was one of six people indicted by the U.S. Justice Department on March 11 over allegations of theft, money laundering and wire […]

Accountants Behaving Badly: Ex-UAW President Charged with Embezzlement, Not Guilty Plea In Theft Case, Tax Fraud Sentencing

Plus, an accountant in India was arrested for secretly recording videos of women taking baths, and an Oklahoma City accountant was sentenced to 18 months in jail for embezzling more than $175,000 from her former employer. Former UAW President Gary Jones charged in U.S. corruption probe [Reuters] Former United Auto Workers President Gary Jones, who […]

Accountants Behaving Badly: Guilty Plea In Panama Papers Case, NY Accounting Firm Arraigned, Owning Up to Ponzi Scheme

Plus, accountants from India are in hot water for embezzlement and fraud, and a Florida law firm accountant charged with attempted first-degree murder faces additional charges. Accountant Pleads Guilty Ahead of Trial in Panama Papers Case [Wall Street Journal] Richard Gaffey pleaded guilty in federal court on Feb. 28 to charges he helped a client […]

Accountants Behaving Badly: Jail Time for Filing False Tax Returns, and BDO Malawi Given Stiff Fine

Plus, accountants in India got into trouble for fraud, duping investors, and forgery, while an accountant in Australia was charged for allegedly defrauding a business out of $200,000. Delaware County business owner sentenced to 4+ years in prison for stealing funds from clients, filing false forms with the IRS [Justice Department] Accountant Myles Hannigan was […]

Accountants Behaving Badly: Ex-Marks Paneth Partner Going to Prison, Duluth Chamber Thief Faces New Charges, Selling Unregistered Securities

Plus, an ex-IT accountant in Tokyo was arrested for allegedly embezzling more than 10 million yen, and a Portuguese accountant is accused of having aided illegal immigration and falsified documents. Prison sentence for $2M Westchester fraud marks former Stamford CPA’s fall from grace [Westfair Online] Steven L. Henning, a former partner-in-charge of a litigation group […]

Accountants Behaving Badly: Golf Club Thievery, Ripping Off Nonprofit, Tax Collector Gets Jail Time

Plus, tax preparers from Louisiana, Mississippi, and New York got into some trouble. Former accountant at Somerby Golf Club in southeast MN charged with stealing $450,000 from business [CBS Minnesota] Gordon Craig Perkins, who was in charge of handling the money, expenses, and bills for Somerby Golf Club in Byron, MN, was charged last week […]

Accountants Behaving Badly: Screwing Over the Mennonites and Amish, Exploiting Elderly Clients, Guilty of Conspiracy

Plus, an Indiana accountant gets jail time for wire fraud, and an Arkansas church accountant is in police custody for allegedly stealing more than $70,000. Berks County accountant allegedly victimizes the Mennonite and Amish communities in massive Ponzi scheme [Justice Department] Philip Riehl was charged on Jan. 31 with conspiracy, securities fraud, and wire fraud, […]

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Accountants Behaving Badly: Andersen Alum Charged with Fraud, Sentencing Postponed In Nxivm Case, Embezzler Jailed

Plus, a Las Vegas tax preparer pleaded guilty to filing bogus returns, and a New Jersey tax preparer pleaded guilty to tax evasion. Naperville man convicted of theft 25 years ago charged again with swindling woman’s estate [Chicago Tribune] Raymond Parcon, who went to federal prison 25 years ago for embezzling more than $1 million […]

Accountants Behaving Badly: Jailed Over Child Porn, Andersen Alum Fired By Law Firm, Nursery Thievery

Plus, ex-Las Vegas CPA pleads guilty to bribery, and a bookkeeper is accused of stealing $400,000 from two family businesses. San Rafael accountant, ex-Boy Scouts volunteer gets prison for child porn possession [KPIX] John Blecka, CPA, was sentenced in federal court in San Francisco on Jan. 14 to two years and nine months in prison […]

Accountants Behaving Badly: Ex-Senator’s Tax Guy Gets 18 Months, Embezzling $65M From Clients, Swindling Chamber of Commerce

Plus, retired Arkansas accountant pleads guilty to bank fraud, and soon-to-be-jailed Wisconsin accountant used stolen tax refunds to buy a hooker and drugs. Accountant who helped Brian Joyce evade taxes sentenced to 18 months in prison [Boston Globe] John Nardozzi, a CPA from Waltham, MA, who conspired with former Massachusetts senator Brian Joyce to cheat […]

Accountants Behaving Badly: Too Many Pints, Fraudster Gets 18 Months In Jail, Egypt Tax Authority Chief Arrested

Plus, a couple of tax preparers thought they could get away with defrauding the IRS. They were wrong. Drunk trainee accountant crashed car after Leeds night out [The Yorkshire Post] Archie Scott was banned from driving for 20 months and was sentenced to 12 months of community order with 50 hours unpaid work after he […]

Accountants Behaving Badly: Deloitte Malaysia Partner Fined, Guilty Plea In $1.2M Scam, Jailed for Xmas

Plus, several tax preparers have run afoul of the law. SC fines Deloitte’s partner for non-compliance [The Malaysian Reserve] Huang Khean Yeong, a partner at Deloitte PLT, was fined RM63,000 by the Securities Commission Malaysia’s Audit Oversight Board on Dec. 26 for failing to comply with the international standards on auditing when performing an audit of […]

Accountants Behaving Badly: Discrimination at EY U.K., Jail For Cancer Center Embezzler, Client Scammer Gets Prison Time

Plus, ex-accountant for city of Dunbar, WV, gets one year in prison for embezzlement, and former Suzuki accountant faces a seven-year jail sentence for stealing $1.8 million. EY deals partners accused of bullying and discrimination [Financial Times] Current and former staff in the Transaction Advisory Services team at EY U.K. described a culture they claimed […]

Accountants Behaving Badly: Sexually Assaulting Children, Guilty Plea In Visa Fraud Case, A Roudy Theft

Plus, U.K. accountant charged with misleading pensions regulator, and an Isle of Man chartered accountant is banned. Accountant, 57, and his boyfriend, 56, are jailed for total of 30 years after sexually assaulting children as young as 11 while they filmed their sick acts [Daily Mail] Asswipes. Richard Townsend, 57, abused children as young as […]

Accountants Behaving Badly: 367 *Years* In Jail, Scamming the Elderly, Wire Fraud Indictment

Plus, Kia Motors bookkeeper’s embezzlement case continued to January, and tax preparer gets 27-month sentence in scheme to defraud the U.S. Accountant sentenced to 367 years in prison [Onlanka.com] A court in Colombo, Sri Lanka, sentenced Hikkaduwa Liyanage Nandasiri, the former accountant of a public company, to 367 years of rigorous imprisonment [emphasis added] after […]

Accountants Behaving Badly: Retirement Fund Theft, Defrauding Nursing Home, Fraudster Going to Jail

Plus, two tax preparers, who as it turned out weren’t registered tax preparers, are sentenced for filing false tax returns. Plymouth accountant charged with stealing from county retirement board [Wicked Local] Paul Hurley, the former accountant of the Plymouth County Retirement Association, is accused of stealing money from the fund. He was arrested on Nov. […]

Accountants Behaving Badly: No Jail for PwC Peeper, Guilty Plea for Embezzler, Catholic Church Crook

Plus, no more lavish lifestyle for part-time accountant, and an accountant gets busted for stealing grocery gift cards. High-flying PwC accountant, 24, who was caught with 1,700 upskirting images after he was spotted behaving suspiciously in Topshop on Oxford Street store is spared jail [Daily Mail] Leon Chan got a suspended prison sentence. On Friday […]

Accountants Behaving Badly: Ex-KPMG Auditor Detained, Stealing From Clients, Ripping Off Boss

Plus, healthcare accountant sentenced to two years in jail for embezzlement, and tax preparer gets three years for filing fraudulent tax returns. Auditor detained after saying devil told him to kill his sister [Metro U.K.] Khalid Ashraf, who had worked as an auditor for KPMG for eight years until October 2018, pleaded guilty to manslaughter […]

Accountants Behaving Badly: Drugs and Sex Trafficking, Bookkeeper Busted for Embezzlement, Visa Fraud

Plus, a bunch of tax preparers are going to be spending some quality time in jail. Kentucky man charged with sex trafficking, drug conspiracy [Associated Press] Mark Milslagle, a former Kentucky accountant accused of paying for sex with young women who were addicted to drugs, faces federal conspiracy charges. Milslagle, 49, was charged on Nov. […]

Accountants Behaving Badly: Jailed Over Ponzi Scheme, Firm Fined In Pot Bust, Embezzlement Admission

Plus, tax preparers plead guilty to preparing fraudulent returns, and the owner of a tax preparation business failed to file his own taxes. Gambling accountant gets 14 years for $396M Ponzi scheme [Law360] Texas CPA Jay Ledford will serve 14 years in federal prison for his supporting role in a Ponzi scheme that netted $396 […]

Accountants Behaving Badly: Ripping Off Olympian, Ex-IRS Employee Jailed, Stealing From Your Own Firm

Plus, a Massachusetts accountant pleads guilty to tax fraud, and a Toronto accountant gets prison time for stealing from charity. Oregon CPA who ripped off Olympic snowboarder and spent trust fund of porn shop heirs headed to prison [The Oregonian] Nathan Wheeler was sentenced to four years and three months in federal prison on Oct. […]

Accountants Behaving Badly: Defrauding the IRS, Stealing From School, Drunken Leadfoot

Plus, an accountant allegedly stole thousands from an ice rink construction company, and a male tax preparer who pretended to be a woman named Alyssa Jean Pipes is accused of screwing over his clients. Former state senator’s accountant convicted of tax fraud [Justice Department] John Nardozzi, an accountant for former Massachusetts senator Brian A. Joyce, was […]

Accountants Behaving Badly: Train Station Turd, College Crook, Fake CPA’s Fraud

Plus, a New South Wales accountant got jail time for stealing moola from clients, and a Texas tax preparer is going to prison for a while for defrauding the U.S. Drunk trainee accountant who pushed man onto Tube tracks has sentence increased [The Times] Mathuram Muthuraja, a trainee accountant who drunkenly pushed another man onto […]

Accountants Behaving Badly: Rogue Tax Preparers, Suzuki Theft, Kiddie Porn

Plus, Filipino accountant gets jail time for embezzlement, and a CFO will spend time in a Canadian prison for stealing money to fund her opioid addiction. Former New Haven tax preparer pleads guilty [Justice Department] Devon Williams pleaded guilty on Oct. 2 to one count of aiding and assisting the preparation of a false tax […]

Accountants Behaving Badly: Big 4 Scammer, Dude Got His Nads Cut Off, Refund Stealing

Plus, accountant sentenced to seven years in jail for fraud, and church-swindling accountant gets sentenced to three months in prison. Accountant tricked girlfriend out of thousands in cancer scam [Accountancy Daily] Badal Arun Hindocha, who cheated his Internet girlfriend out of £4,300 by claiming he was dying from stomach cancer, received a suspended jail sentence […]

Accountants Behaving Badly: Naughty Kitty, Fancy Fraud, Cokehead Jailed

Plus, Colorado accountant arrested in child sex sting, and a UNLV accounting grad student is accused of killing ex-girlfriend. Essex accountant admits fraud against Cats production firm [BBC] Scott Hiskey, a U.K. accountant who worked for Monumental Pictures, pleaded guilty on Sept. 17 to a charge of fraud by abuse of position after admitting to […]

Accountants Behaving Badly: PwCer Fired for Upskirt Pics; Liar, Liar, Pants on Fire; Grand Theft Guilt

Plus, wrongful death lawsuit filed against TV show accountant. PwC accountant fired after 1,700 upskirting images [Financial News] The peeping PwC pervert who Adrienne told you guys about last July no longer works for P. Dubs: An accountant at PwC has been dismissed from the Big Four auditor after he was caught with 1,700 upskirting […]

Accountants Behaving Badly: Defrauding Clients, CPA Ponzi Scheme, Wire Fraud Is a No-No

Plus, accountant jailed for lavish lifestyle fraud, and life in prison and hard labor isn’t a horrible enough sentence for one Zambian accountant. New Mexico CPA suspected of defrauding couple out of $1 million [Las Cruces Sun News] Thomas Laws was arrested on Aug. 26 for allegedly defrauding two clients of more than $1 million […]

Accountants Behaving Badly: FUBARed Over FBARs, Fake Returns, Landscaping Larceny

You are probably having a better Labor Day than these six accountants. Former CPA indicted for failing to report foreign bank accounts and filing false documents with the IRS [Justice Department] Ex-CPA Brian Booker was charged by a federal grand jury on Aug. 27 with failing to file Reports of Foreign Bank and Financial Accounts […]

Accountants Behaving Badly: Deadly Lunch Breaks, Embezzler Gets 10 Years, Church Swindler

Plus, tax accountant pleads guilty to scamming clients and a movie production accountant is accused of stealing money from his employer. Police: Lindenwold man’s ‘demeanor’ changed after co-worker’s murder [Cherry Hill Courier-Post] Kenneth Saal, a staff accountant at Engine Group in Princeton, NJ, since July 2016, was taken into custody on a murder charge at […]

Accountants Behaving Badly: Stealing From Nonprofit, Stealing From Restaurant, Stealing From Furniture Business

Plus, CPA for reality television stars indicted and accountant arrested for stalking woman. Accounting coordinator at non-profit facing fraud charges for embezzling $321K in organization funds [Justice Department] Danielle Strother-Rush, an accounting coordinator at a Pittsburgh-area nonprofit organization, was indicted by a federal grand jury in Pittsburgh Aug. 6 on charges of bank fraud and […]

Accountants Behaving Badly: Fraudsters Go to Court and Prison Time For Stalking Ex

Plus, a Maryland CPA and a California CPA both get jail time for embezzlement. Newton accountant charged with wire fraud and filling false tax return [U.S. Justice Department] Jeffrey Kellem, an accountant from Newton, MA, was charged with four counts of wire fraud and one count of filing a false tax return on Aug. 5 […]

Accountants Behaving Badly: Ex-CFO Busted For Embezzlement; Fraudulent Timesheets; Ripping Off Client

Plus, an accountant is accused of keeping a domestic slave at his house and an accounting officer is going to jail for swindling his firm out of £3 million. Former Walton Beverage financial officer sent to jail for embezzling company funds [The Bellingham Herald] David McLeod, CPA, the former CFO of Walton Beverage in Ferndale, […]

Accountants Behaving Badly: Tax Fraud, ‘Hopelessly Conflicted’ About Ethics, RICO Suave

Let’s see who made the news last week for conduct unbecoming of an accountant. Westchester tax accountant sentenced for tax fraud [Patch] Yorktown Heights, NY-based accountant Steve Sabba was sentenced to five years’ probation on July 18 after he pleaded guilty to third-degree criminal tax fraud and fourth-degree criminal tax fraud, both felonies, in February. […]

Accountants Behaving Badly: Insider Trading, Poker Player Gone Bad, Sex Toy Assault

Was there a full moon on July 10? Accountants were found to be doing bad things on that day. Ex-Illumina accountant accused of insider trading [CFO] Martha Bustos, a former accountant for Illumina, was charged on July 10 with leaking the biotech company’s quarterly results to a close friend as part of an insider trading […]

Accountants Behaving Badly: Form 941 Shenanigans, Embezzlement, Stealing From Mom

Here are some accountants who failed badly at being a trusted advisor. Delaware County accountant charged with multiple tax offenses [Justice Department] Myles Hannigan, an accountant from Newtown Square, PA, was charged by the U.S. Attorney’s Office for the Eastern District of Pennsylvania on July 3 with one count of obstructing the due administration of […]

Accountants Behaving Badly: Alyssa Milano Lawsuit Settled, Money Laundering, Revenge=Jail Time

Here are some accountants who were up to no good last week. Alyssa Milano settles $10 million suit with former accountant [Variety] Actress Alyssa Milano has settled a legal battle with her former accountant Kenneth Hellie as the case was about to go to trial. Terms of the settlement were not disclosed. Milano and her husband, agent […]

Accountants Behaving Badly: Update on Ex-Wife Basher, Bank Fraud Guilty Plea, Sexual Assault

Let’s see who in the accounting profession got into trouble with the law over the past week or so. Asian accountant, 51, who smashed his ex-wife’s head against a car and called her a ‘bacon basher’ after she began dating a white man is ordered to pay her £150 compensation [Daily Mail] Here’s an update […]

Accountants Behaving Badly: X Factor Winner’s Ex-Accountant Banned, Drunk Driving, Theft

Yes, there actually are accountants who behave badly who don’t work at KPMG U.S. or Deloitte U.K.: X Factor star’s accountant is banned from his profession [Essex Echo] Here’s an update to an article Adrienne wrote earlier this year: A south Essex accountant who defrauded X Factor winner James Arthur of almost £600,000 has been […]

Accountants Behaving Badly: Lots of Theft, Ponzi Scheme, Tax Evasion

Here’s a roundup of some bad stuff accountants did or were accused of doing over the past week or so. Auto shop accountant charged with stealing over $175K from employer [Chicago Sun-Times] Rungnapa Correia is accused of stealing more than $175,000 from a Bensenville, IL, auto repair shop she used to work at as an […]

Accountants Behaving Badly: Fun with Fridge Magnets, College Admissions Scam, That’s No Man, Baby

Here’s a roundup of some of the very bad things accountants have done over the past week or two. Nxivm accountant spelled out dirty messages with colorful fridge magnets [New York Post] The racketeering and sex trafficking trial of creepy old guy Keith Raniere, the leader of the sex cult Nxivm, is currently going on […]

Accountants Behaving Badly: Beating Up Ex-Wife, Tax Crimes, Stealing Lots of Money

Spend some time this Memorial Day remembering those who died serving our country and reading about how awful some people in your profession really are. Asian accountant smashed ex-wife’s head against a car outside David Lloyd centre and called her a ‘bacon basher’ after she began dating a white man who worked at their lettings […]

Accountants Behaving Badly: Busted with Meth, Stealing From Clients, Bank Fraud

A look at the best of the worst accountant malfeasance around the globe over the past week or so. British accountant, 47, faces the death penalty in the Philippines ‘after being caught with meth in a drugs raid’ [Daily Mail] Philip Joseph was in a flat with two locals when police burst through the door […]

Accountants Behaving Badly: Murder, Webcam Models, Defrauding Celebrities

It was a bad week for accountants from the U.K. with the first name of Andrew. AFC Fylde accountant blew £240,000 on sex, drink and drugs [BBC News] A semi-professional socc … I mean, football team in England nearly went belly-up because its finance director, Andrew Barnbrook, stole thousands of pounds from the team to […]

Accountants Behaving Badly: Strangling Wife, Stealing Money From a Band, Shopping Spree on Company’s Dime

A look at the best of the worst accountant malfeasance around the globe over the past month or so. CA throttles wife to death, tries to pass it off as suicide, arrested [Times of India] Here is a disturbing story out of India: Jaiveer Singh, a 52-year-old chartered accountant, was arrested on May 1 for allegedly […]

Accounting News Roundup: Americans Hate Taxes and Accountants Behaving Badly | 04.18.16

Americans hate taxes The Wall Street Journal's Richard Rubin points out a problem with how people think about taxes: Americans’ hatred of taxes defies logic. A recent Gallup poll pegged the percentage of Americans who think their own federal income tax bills are too high at 57%. That’s up from 51% last year and it’s […]

Friday Footnotes: Accountant Bros Behaving Badly; Deloitte Partners’ Haul; CLA Has a New CEO | 12.25.20

Atlanta accountants plead guilty to $1.2B in fraudulent charitable deductions [Atlanta Journal-Constitution] Brothers Stein Agee and Corey Agee, partners at the Sandy Springs firm AgeeFisherBarrett, both pleaded guilty to one count of conspiracy to defraud the United States, an offense that carries up to five years in prison. A sentencing date has not been announced. […]

Tax Preparers Behaving Badly: Getting Barred, Facing Jail Sentence, Doin’ Time

Usually this column is reserved for accountants doing bad things. But this week we are focusing on the worst of the worst tax preparers. Federal court permanently bars former Liberty Tax Service owners from tax preparation business [Justice Department] Steven Doletzky was permanently barred by a federal court in Tampa, FL, from operating a tax […]

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Accounting News Roundup: When Accountants Break Bad and AICPA Anxious for Tax Law Guidance | 01.30.18

​​​When Good Accountants Go Bad, More Questions Are Raised Than Answered [IIA] Richard Chambers, the president and CEO of the Institute of Internal Auditors, reacts to the allegations in the KPMG-PCAOB scandal, writing that “the extent of the ethical lapses exhibited by the accused is appalling.” He does not believe “for one minute” that these […]

Accounting News Roundup: A Landing Pad for Retired Accountants Who Want to Keep Working | 01.18.18

One Accounting Firm Wants to Hire Retirees [WSJ] PKF O’Connor Davies has 24 employees who hit mandatory retirement age at other accounting firms, including one, in his 70s, who helped jumpstart their international tax practice. Mandatory retirement age policies at accounting firms, most notably PwC, have gotten the attention of the Equal Employment Opportunity Commission, […]

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Accounting News Roundup: Audit Committees, Gimmicks, and Bad Hawaiian Accountants | 11.06.17

Audit committees A recent study has found that a 1999 SEC rule requiring companies to disclose certain information about their audit committees hasn’t lived up to expectations: Before adoption of the regulation, there was no mandate on audit-committee size; independence was required of only a committee majority; and no definition of independence was provided, giving […]

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Accounting News Roundup: Accountants Worry About Technology, Change, Et al. | 09.26.17

Accountants are worried about technology, change, et al. If you haven’t immersed yourself in the collective anxiety of the accounting profession lately, I highly recommend this Accounting Today column. There are a plethora of quotes to choose from, but Grant Thornton CEO Mike McGuire has a good one: “Our industry is being disrupted by accelerating […]

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Accounting News Roundup: Management Accountants and Creative Tax Arguments | 05.08.17

Management accountants I had no idea that International Management Accounting Day was on May 6th. Did the management accountants have to recognize the holiday by going into work?  That seems more likely than a management accountant march or a management accountant Derby party. Anyway, if you weren’t aware of the holiday, then I’m sure most […]

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Accounting News Roundup: Tax Reform Is Hard; Good and Bad Accountants | 02.08.17

Tax reform is hard Here’s Richard Rubin of the Wall Street Journal reporting on how Republicans are learning that reforming the tax code is difficult: A linchpin of the House Republicans’ tax plan, an approach called “border adjustment,” has split Republicans and fractured the business world into competing coalitions before a bill has even been […]

Accounting News Roundup: Bad Accountant Speaks Badly and FedEx’s Non-GAAP Accounting | 11.30.16

Accountants behaving (and speaking) badly Way back in March, we mentioned Jennifer Edelbrock, an accountant who pleaded guilty to stealing nearly $20k from a VFW in Spencerville, Ohio. At that time, she made a bad joke that no one laughed at. This week at her sentencing, Mrs. Edelbrock's words came back to bite her again: […]

Accounting News Roundup: ‘We’re accountants. We promised to never fight other accountants.’ | 10.07.16

IRS phone scams I could never understand why these IRS phone scams kept going. At some point, I figured there'd be enough coverage and awareness that the operation would simply fizzle out. Boy, was I wrong! The big bust in Thane, India of the "scam center" reveals just how lucrative this operation has been and […]

Footnotes: HP to Sue Deloitte; Future King of Accounting Makes Plans; Very Bad Accountants | 08.25.14

This Irish lad has high hopes of striking it rich in accounting He might consider slumming it for PwC if he must: "My preferences are KPMG, Deloitte and Accenture," said Peter, who would also consider working for Ernst and Young and PricewaterhouseCoopers. [Irish Independent] HP is going to sue Deloitte over Autonomy Hewlett-Packard plans to […]

PwC Peeper Finally Gets Jail Time For His Upskirt Photo Fetish

Leon Chan just couldn’t stop taking photos up girls’ skirts. This dude, who used to work for PwC, had 1,700 upskirt pics saved on his iPhone when he was arrested in July 2019 at the Topshop clothing store in London after getting caught taking photos of a female shopper bending over. The crazy thing is […]

Two Ex-KPMG Auditors Were Told By the SEC to Have a Seat On the Sidelines For a While

Two former KPMG auditors who worked on the ill-fated audit of a not-for-profit college agreed to having their wrists slapped by the SEC for their roles in the school’s collapse: The Securities and Exchange Commission today suspended two former KPMG auditors [Christopher Stanley and Jennifer Stewart] from practicing before the SEC in connection with settled […]

BDO Puerto Rico Tax Partner Accused of Trying (and Failing) to Defraud the IRS

More accountants behaving badly at BDO Puerto Rico. First it was good ol’ Fernando Scherrer, the BDO Puerto Rico managing partner who got indicted for taking part in a shady corruption scandal last year that also involved Puerto Rico’s former education secretary and the former head of the Puerto Rico Health Insurance Administration. Now, the […]

State of the Profession 2019: We Need to Talk About Accounting’s Big PR Problem

Not sure if anyone’s noticed but the profession is in trouble. You know it’s bad when the most cynical of cynics feels compelled to say yeah, this is kinda actually bad. Sure, I’ve talked plenty of smack over the years but I’ve also been one of the profession’s biggest cheerleaders, lifting up future CPAs when […]

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Crappy Gambler Who Also Happened to Be an Accountant Jailed for Stealing From X Factor Winner

Not to show my ignint ‘Murican here but I have to admit I don’t know dick about X Factor. I think those one dudes were on there, you know, the ones who looked like skinny, middle-aged lesbians led by a bootleg Mick Jagger. To be fair, I can’t name an American Idol contestant since the […]

Accounting News Roundup: Fraud, Fraud, Fraud | 04.23.18

Zelle, the Banks’ Answer to Venmo, Proves Vulnerable to Fraud [NYT] I don’t know if “vulnerable” quite lives up to the severity of some these cases: “I know of one bank that was experiencing a 90 percent fraud rate on Zelle transactions, which is insane,” said Genevieve Gimbert, a partner in PwC’s financial crimes unit. […]

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Accounting News Roundup: KPMG’s Missing Workpapers and a Hero Goalie | 03.30.18

KPMG hit by Hong Kong High Court in $400 million China Medical fraud [Reuters] KPMG’s Hong Kong and mainland affiliate, KPMG Huazhen, have not been cooperating with a court order to produce its audit workpapers for defunct China Medical Technologies Inc. because it says doesn’t have them. Paul Gillis is quoted, saying that the HK […]

Accounting News Roundup: ‘One of the worst income statements I’ve ever seen’ | 03.28.18

Tesla is just months from a total collapse, says hedge-fund manager [MW] John Thompson of Villas Capital Management doesn’t mince words: “This is one of the worst income statements I’ve ever seen and between the story and the financials, the financials will win out in this case.” Court rules ex-EY partner has right to accounting […]

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Accounting News Roundup: Tax Reform Glitches; KPMG and GE; Sexual Harassment | 03.13.18

G.O.P. Rushed to Pass Tax Overhaul. Now It May Need to Be Altered. [NYT] There are a number of quirks in the new tax law “that disadvantage certain farmers, hurt restaurateurs and retailers and could balloon the tax bills of large multinational corporations,” and that has business owners and executives worked up. Meanwhile, many fixes […]

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Accounting News Roundup: CFO Backups (or Lack Thereof); Tax Cut Spoils; Check Your W-4 | 03.02.18

Most Companies Have No CFO Succession Plan [CFO] A Korn Ferry survey of 740 CFOs found that only 34 percent of them have a backup. The JUST Capital Rankings on Corporate Tax Reform [Just Capital via NYT] Nonprofit research firm Just Capital is collecting data on how corporations’ tax savings are being spent. Boeing, FedEx, […]

Accounting News Roundup: What to Do With Tax Cuts and Petty Accounting Crimes | 02.20.18

Tax Overhaul Gains Public Support, Buoying Republicans [NYT] A recent survey found that 51 percent of respondents support the law while 46 percent disapprove. The approval rating is up from a low point of 37 percent in December. Impacts of New Tax Law Still Fuzzy [CFO] Another survey found that many companies don’t really know […]

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Accounting News Roundup: AICPA Lobbying; Cisco Repats Some Cash; Stealing from Cub Scouts | 02.15.18

AICPA CEO Melancon sheds light on tax reform lobbying [AT] If you were worried that AICPA President, CEO, and curling enthusiast Barry Melancon didn’t carry water for large accounting firms during the tax reform debate, rest easy: The AICPA was unable to dissuade lawmakers from excluding large accounting firms from the 20 percent pass-through deduction […]

Accounting News Roundup: Delaware LLCs; Bitcoin Gains; Fake IRS Agents | 02.14.18

New Hedge-Fund Tax Dodge Triggers Wild Rush Back Into Delaware [Bloomberg] In the new tax bill, Congress thought it could stick it to private equity and hedge fund managers by requiring them to hold investments for three years in order to have their carried interest income taxed at the capital gains rate. Private equity funds […]

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Accounting News Roundup: Big 4 Not Obliterating Law Conferences…Yet | 02.12.18

Twilight Of The Law Firms: The Big 4 Are Poised To Conquer The Legal Landscape [ATL] One thing we discuss around here with increasing regularity is Big 4 firms elbowing their way into the legal world unencumbered. Joe Patrice writes a good overview at Above the Law, noting that at a recent legal conference, “the […]

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Accounting News Roundup: Insecure Overachievers; Digging at the AICPA; Snack Bonuses | 02.02.18

If You’re So Successful, Why Are You Still Working 70 Hours a Week? [HBR] If you read that title and immediately thought, “I’ll bet this opens with an anecdote about an accounting firm,” then you win a prize: “I really became a robot,” a manager at an accounting firm explained. She and her colleagues worked […]

Accounting News Roundup: PwC’s New Envelope Safeguards and Changes to State Tax Rates | 01.23.18

Accounting firm adds 6 new rules to prevent Oscars envelope gaffe [AP] The Academy Award nominations were announced this morning, but PwC’s Tim Ryan had a little reveal of his own, sharing the new rules the firm put in place to avoid a SALY #EnvelopeGate. Naturally, the new rules center around “envelope rituals” that should […]

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Accounting News Roundup: South Africa’s Probe of KPMG Is Moving Along | 01.12.18

Ed. note: ANR will be off on Monday to observe Martin Luther King Jr. Day. South Africa’s Audit Regulator Says Part of KPMG Probe Nearing Completion [Reuters] South Africa’s Independent Regulatory Board for Auditors (IRBA) announced that one part of the investigation into KPMG’s work for the Gupta family is “nearing completion” and the rest […]

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Accounting News Roundup: FDIC’s Win Against PwC Could Be a Bellwether | 01.05.18

FDIC win against PwC could finally force auditors to look for fraud [MarketWatch] Francine McKenna reports that representatives from PwC have given contradictory testimony in separate civil trials in the past year about the firm’s responsibility to design its audits to detect fraud. In the Colonial case where Judge Barbara Jacobs Rothstein ruled that PwC […]

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Accounting News Roundup: Caterpillar’s Fight, Google’s Euros, Failed Flip-Flops | 01.03.18

What New Tax Law? Caterpillar Fights to Protect Its Swiss-Made Profits [WSJ] An exhaustive look at Caterpillar’s battle with the IRS, including a nod to PwC for Best Accounting Firm With Conflicts of Interest in a Supporting Role. Former Treasury Secretary Lew Says Tax Cuts Will Leave the U.S. Broke [Bloomberg] Jack sees where this […]

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Accounting News Roundup: AICPA Disappointed That CPAs Are Left Out of the Tax Cut Party | 12.21.17

AICPA Reacts to Congressional Passage of Tax Legislation [AICPA] It sounds like AICPA President, CEO and porg rancher Barry Melancon is none too pleased about CPA firms being left out of the tax cut party. [T]he AICPA is very disappointed by lawmakers’ decision to exclude CPAs from the measure’s treatment of pass-through entities. Congress should have […]

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Accounting News Roundup: Big Business Is Happy; The Goldilocks Zone for Tax Avoidance; Steinhoff’s Silence | 12.19.16

U.S. Businesses Find Welcome Surprises in Tax Bill [WSJ] “If someone would have said 11 months ago, by the end of the year we’d able to produce a bill and get it to the president’s desk that does these things, skepticism would have been sky high.” That’s not Speaker of the House Paul Ryan or […]

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Accounting News Roundup: Big Deals, Bribes, and Indifferent Investors | 12.14.17

House, Senate Republicans Reach Deal on Final Tax Bill [WSJ] The text of the bill is still being written, but in short: the top individual rate landed at 37 percent; the corporate tops out at 21 percent; pass-throughs get a 20 percent income deduction. A compromise over the SALT deduction is in the works; rather […]

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Accounting News Roundup: Oh, the Tax Games You’ll Play and New PCAOB Members | 12.13.17

For Pass-Through Businesses, Let the (Tax) Games Begin [WSJ] For law, accounting, and other service-oriented pass-throughs feeling left out of all the tax cut fun, rest assured that some of your counterparts are already making plans to get in on the action by splitting their businesses in two.  “[Tom] Wheelwright’s accounting firm is considering separating […]

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Accounting News Roundup: Auditor Fraud, the AMT Lives, and Grant Thornton’s Golf Deal | 12.05.17

Audit Firm Charged With Fraud Relating to Auditing of Penny Stock Companies [SEC] File to Accountants Behaving Badly: They just made the numbers up. “The SEC’s Enforcement Division alleges that Anton & Chia LLP and its accountants ignored numerous indications of fraudulent financial reporting by three of the firm’s audit clients – microcap companies Accelera […]