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November 28, 2022

Accounting News Roundup: More on PKF Partner Accused of Theft; PwC Pulled Into TelexFree Mess; Enron’s Loose Ends | 04.07.15

PKF Pacific Hawaii managing partner Patrick Oki accused of stealing $500K from the companyPBN]
More details in this bizarre story we linked too yesterday: "The indictment said Oki, a certified fraud examiner, was responsible for four fraudulent reimbursement schemes from January 2011 to 2014 against PKF Pacific Hawaii LLP, creating losses of more than $500,000 for the firm. The 13 counts include first-degree theft, money laundering, use of a computer in commission of a separate crime, and second degree forgery. The indictment alleges that Oki deceptively claimed he had personally incurred expenses in connection with services provided to clients. He also allegedly fabricated people, companies, contracts, IRS forms, invoices, financial documents, websites and e-mail addresses, according to the indictment." 

TelexFree lawsuit names Bank of America, PricewaterhouseCoopers [BG]
Both BofA and PwC are alleged to have done business with TelexFree after the company had already been accused of running an alleged pyramid scheme in Brazil.

Brit businessman jumps to his death in Midtown [NYP]
Terrible: "A British man on a business trip jumped to his death from a Midtown apartment window Monday morning, law-enforcement sources said. Ernst & Young employee Duncan Hodgetts, 25, jumped from the 14th floor of the Executive Plaza building at 150 W. 51st St. and was found on a third-floor balcony of the neighboring Michelangelo Hotel at 8:30 a.m. He was declared dead at the scene. According to his Facebook page, Hodgetts lived in Birmingham, England, and worked at Ernst & Young as a tax adviser."

Lynn Tilton Still Has Her Dignity [DB, Earlier]

PwC winds up last remnants of Enron's European operations [Accountancy Age]
That wasn't so bad!

In key swing states, weed is polling better than all potential 2016 candidates [WaPo]
Florida, Ohio and Pennsylvania.


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