Philadelphia Woman Engages in Passionate CPA Awareness Campaign in a Pizza Parlor
A 55-year-old Philadelphia woman is being charged with ethnic intimidation and harassment — a hate crime under Pennsylvania law — after an unhinged, racist rant in a pizza shop brought on by Spanish language programming on the shop’s television. The original TikTok of her bizarre rant, which took place on February 23, has been removed […]
Florida Man Accountant Defrauds His Employer for $12 Million, Spent Most of It on Camgirls
Over a period of five years, an accounting manager for the University of South Florida’s University Medical Services Association (UMSA) spent $12,860,744.07 of UMSA money on renovations, travel, yachts, and “women affiliated with an interactive adult website.” He’s now been sentenced to 10 years in prison. Department of Justice: U.S. District Judge William F. Jung […]
Accountants Behaving Badly: Egg Accountant Finally Cracked, and Lots of Embezzlement
PLUS: KPMG is accused in a lawsuit of “appalling” audit work that allowed a U.S.-listed Chinese biotechnology company to carry out a “brazen” $400 million accounting fraud. Ex-Hillandale Farms accountant admits to $6.8 million embezzlement scheme [Pittsburgh Post-Gazette] Jonathan Weston, the owner of Katie’s Kandy in Pittsburgh, admitted last month in federal court that he […]
Treasury Analyst Who Stole Hundreds in Designer Clothes Was Sleep Deprived and Temporarily Lost His Mind
A Spanish-born analyst living in Dublin who lifted designer duds from a department store told a judge he had no idea what came over him. Twice. Independent.ie reports: An accountant had a “moment of madness” when he shoplifted hundreds of euros worth of designer clothes that he could have afforded to buy. [The accountant] (36) […]
Accountants Behaving Badly: Kickback Schemes, Hiding Money From the IRS, Embezzlement Spree
Plus, Pennsylvania accountant loves tax evasion, North Carolina CPA indicted on securities fraud charge, and Kentucky accountant gets jail time for sex trafficking. Accountant sentenced to prison for role in doctor-bribery scheme [Press-Telegram] George Hammer—an accountant who enabled the owner of a hospital in Long Beach, CA, to pay more than $40 million in illegal […]
Accountant Behaving Badly: There’s a Special Place In Hell For Someone Who Steals $800,000 From an Elderly Client With Dementia
Hey! Have you guys listened to “Oh My Fraud” yet? It’s a new podcast on the Earmark CPE platform hosted by our good friends Caleb Newquist and Greg Kyte. And Earmark CPE was created by another pal of Going Concern’s—Blake Oliver. The latest episode of “Oh My Fraud” is about the massive fraud in Dixon, […]
Accountant Behaving Badly: In This Instance, CPA Is An Acronym For ‘Child Predator Asswipe’ (Allegedly)
New Jersey Certified Public Accountant and accused Child Predator Asswipe Amit Bhatt was arrested last week and charged with sexual assault and endangering the welfare of a child who is a preteen. The Bergen County, NJ Prosecutor’s Office issued the following press release on Jan. 27: Bergen County Prosecutor Mark Musella announced the arrest of […]
Accountant Behaving Badly: Murder-For-Hire Plan Went Not According to Plan
Murder-for-hire, hitmen, bitcoin, dark web, and an accountant? OOOO, this should be good. And, of course, this happened in Florida. Here’s what the office of US Attorney Roger Handberg said about DeAnna Stinson’s plan to wipe out the spouse of her ex: According to court documents, on June 24, 2021, Stinson created an account on […]
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 […]
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 […]
Your Naughty Tax Preparer of the Day
Alternate title: “Ex-CPA with Irish Surname Gets Jail Time on St. Patrick’s Day.” Authorities say 64-year-old Mark Harmon of Evansville, IN, who was sentenced Wednesday to two years in federal prison on multiple counts of tax evasion, altered client invoices and falsified income on personal tax returns for several years: Harmon owned and operated Mark […]
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, […]
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 […]
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. […]
Look Out, Australia, You Have a Wild Accountant With an Aggressive Foot Fetish on the Loose
In my many, MANY years on this website, I’ve somehow been tasked with the job of writing up every perverted accountant who comes across our collective desk. I’m not entirely sure why this is, I think it started as a joke many years ago as my former colleague knew I loved to binge on old […]
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: 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, […]
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 […]
BDO Puerto Rico Managing Partner Resigns After Indictment In Massive Corruption Scandal
The words “managing partner” and “corruption” used in the same sentence is never a good thing, as we found out in the KPMG/PCAOB information leak scandal. But while there was no scheme to steal confidential information from an audit regulator going on in Puerto Rico, there were allegations of money laundering, theft, and wire fraud […]
Ex-KPMG Australia Senior Partner Avoids Prison For Being Too Stabby with a Campaign Volunteer
Even though he was convicted of two counts of common assault in court on July 4, former KPMG Australia partner Stavros “Steven” Economides was given a get-out-of-jail-free card. Economides, 62, who spent more than 30 years as a partner at KPMG, was sentenced to a 12-month good behavior bond after admitting to thrusting a corkscrew […]
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 […]
According to This Infographic, You Guys Will Try to Expense Pretty Much Anything
One of the most fun things about business travel is seeing what you can get away with come expense report time. We’ve all taken liberties with our employer’s expense policy, although things I’ve put on expense reports would probably be considered lame: a pack of smokes, a four-pack of Surly Furious IPA, a bomber of […]
Accountant In College Admissions Scandal Will Find Out In October When He’ll Get Admission to Prison
As expected, Steven Masera, the former accountant of the bogus nonprofit and college consulting company led by Rick Singer, pleaded guilty to one count of conspiracy to commit racketeering today in Boston federal court for his role in the nation’s largest college admissions bribery scandal, USA Today reported. Masera, 69, is scheduled to find out […]
Former Marks Paneth Partner Admits to Screwing Investors Out of $2 Million
Steven Henning, CPA, a former partner-in-charge of advisory services at New York City-based Marks Paneth, could have as long as 20 years to think about his choices: Steven Henning pled guilty today [June 24] to participating in two wire fraud schemes. In the first, he falsely claimed to have entered into multimillion-dollar intellectual property deals […]
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 […]
Gambling Addict Accountant Who Expensed Fake Uber Receipts Thought He Could Pull a Fast One on Deloitte
A former Deloitte accountant in the U.K. pulled a Houdini and somehow escaped prison time after he tried to screw the firm out of £95,540 ($121,202) by expensing bogus ride-share receipts over a three-year period to fund a secret gambling addiction. Gurgyan Singh Kaley pleaded guilty to two charges of fraud by abuse of position. […]
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 […]
Man Who Was Arrested For Repeatedly Stabbing a Hiker Near Los Angeles Apparently Works at BDO
We got a tip the other day that said an employee of one of the top accounting firms in the U.S. got into some trouble with the law last week: Look into the stabbing from Altedena on May 29th. The alleged suspect, Kristopher Brown works as a Senior for BDO Los Angeles. He’s currently in […]
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 […]
Bad MLB Pitcher-Turned-Bad Accountant Fesses Up to Stealing $145,000 From Employer
The Minnesota Star Tribune has an update on Ben Hendrickson, the former Milwaukee Brewers pitcher whose post-baseball accounting career took a dubious turn while employed by Floors Northwest in Fridley, MN. A Twin Cities man who briefly pitched in the Twins organization and had two short stints as a Major Leaguer has pleaded guilty after […]
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 […]
Dorky Accountant Robbed His Employer to Buy Hookers and Blow Because Some Dude at the Office Made Fun of Him
Y’all ready to meet a real bad ass? You sure? I’m not sure you can take this. Darren Carvill, 38, is headed to jail after a “weekend of madness” which included hookers and blow funded by approximately £170,000 ($220,000 USD) he stole from his employer, a car servicing company. The Sun reports: A source revealed: […]
Wisconsin CPA Who Fatally Struck Illinois State Trooper with His Car Pleads Not Guilty to Reckless Homicide
Scott Larsen appeared in a Skokie, Ill. courtroom on March 11, where the Wisconsin accountant pleaded not guilty to felony reckless homicide charges in the January death of Illinois State Trooper Christopher Lambert. According to a Chicago Tribune report, Larsen, 61, also pleaded not guilty to violating Scott’s Law, which increases potential penalties for motorists […]
Zaza Pachulia’s Ex-Accountant Is Going to Jail But Not Until After April 30 Because Busy Season
You know it’s tax season when an accountant who was sentenced to 30 months in federal prison for identity theft is just too busy to go to jail right now. Such is the case for Randy Usow of Mequon, Wis., who agreed to plead guilty to one count of theft of government property and one […]
Hopefully, Wisconsin CPA Scott Larsen Will Never Get Behind the Wheel of a Car Ever Again
Wisconsin accountant Scott Larsen appeared in a courtroom in Skokie, Ill. on Jan. 29, where a judge set his bond at $250,000 on charges of felony reckless homicide and prohibited him from driving if he posted bond. This is a good thing for everyone because Larsen fatally struck an Illinois State Police trooper with his […]
Wisconsin Accountant Charged with Reckless Homicide in the Death of Illinois State Trooper
If you live in the Chicago area like I do, you’ve by now heard or read about the death of Illinois State Trooper Christopher Lambert, who was struck by a vehicle on an Illinois tollway on Jan. 12 after he got out of his patrol car to assist drivers involved in an accident. Well, we […]
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 […]
(UPDATE) Married Ex-KPMG Recruiter and Gym Coach Busted For Banging Young Gymnast in a Car
Whew, you guys, this one is … awkward. Scott Vetere is a 39-year-old father of three from Michigan who serves as assistant coach for the University of Michigan women’s gymnastics team, or at least he did until he resigned Oct. 15. His resignation came after Vetere was caught getting it on with an 18-year-old female […]
WTF? CPA Accused of Stealing Over $93,000 from Girl Scouts, Cancer Center
Through the years, Going Concern has chronicled accountants and finance chiefs getting caught doing really shitty things. But if this accountant is found guilty of the charges levied against her, this has to rank among the shittiest of the shitty. From the Los Angeles Daily News: A certified public accountant charged with embezzling more than […]
#WednesdayWisdom: Money Laundering Is Not a Specialization CPAs Should Pursue
Laundering your blue Oxford dress shirts, blouses, gray trousers, and fleece vests, good. Laundering money, bad. From the Times of San Diego: A San Diego-based certified public accountant was sentenced Tuesday to 21 months in federal prison for his role in an international drug trafficking, gambling and money laundering organization led by former University of […]
NBA Player Zaza Pachulia’s Former Accountant Pleads Guilty to Identity Theft, Probably Never Will Have Basketball Clients Again
In dubious accountant news, Randy Usow of Mequon, Wis., has agreed to plead guilty to one count of theft of government property and one count of identity theft after stealing more than $800,000 by submitting fraudulent tax returns in the name of NBA player Zaza Pachulia and his wife, the Milwaukee Journal Sentinel reported. Pachulia, […]
Ex-Manafort Accountant Given the Pink Slip After Testifying
We can’t say we’re shocked by this turn of events. From Bloomberg: Paul Manafort’s former accountant was fired from a Virginia firm after she told the court she was aware that Manafort’s tax returns contained false information. Cindy Laporta testified Friday [Aug. 3] in the government’s case against the former Trump campaign chairman, saying she […]
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 […]
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 […]
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 […]
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 […]
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, […]