PwC’s Tom Seymour Just Stepped Down Because He Was On a Naughty Email Chain (UPDATE)
Ed. note: On May 15, 2023, one week after former CEO Tom Seymour vacated his role, PwC announced he will retire on September 30. While most of us were sleeping, PwC Australia was starting its Monday minus one CEO. Tom Seymour has stepped down following a board of partners discussion after it was revealed last […]
Old Lady Convicted of $190,000 Fraud and Doesn’t Even Have to Miss Christmas
The ACFE says 7 percent of frauds are detected by accident and only 3 percent are discovered by the external auditor, proving that fraudsters are 4 percentage points dumber than auditors are smart. That’s pretty much what happened with poor, dumb Alice Riley, the 61-year-old former clerk for the City of Auburn, Kansas, who was […]
Sex at the Office During Busy Season, a Guide
We're hearing unconfirmed rumors from several sources that two auditors — a senior and a second year — were recently busted getting busy in the audit room at the client site. No, we aren't talking about getting busy ticking and tying, we mean getting down and dirty with a little one-on-one double entry. Since no […]
Here’s a Textbook Case of Dumb People Engaging in Illicit Sexting Spiraling into Extortion, Embezzlement
Where exactly does "sexting extortion" fall on the fraud triangle, anyway? In today's sordid tale of embezzlement gone wrong, we present Shelly Lough of West Virginia. Shelly worked as a Bethany College cashier before a single misdirected text turned her whole life upside down. Usually, the recipient of a text not intended for their number […]
Per the SEC, Insider Trading Is Not the Right Way to Start a Hedge Fund
Meanwhile, in the land of SEC complaints: The Securities and Exchange Commission today charged a senior portfolio manager at Microsoft Corporation and his friend and business partner with insider trading ahead of company announcements. The SEC alleges that Brian D. Jorgenson, who lives in Lynwood, Wash., obtained confidential information about upcoming company news through his […]