“How about going online and printing [the statement or report] every month as if it were mailed to you — and actually looking at it?”
~ Stephen Pedneault, a veteran forensic accountant, isn’t crazy about all the benefits of technology.
Related Posts
We Continue to Wait Are No Longer Waiting for a Verdict in the Tom Petters Trial
If you’re a swashbuckling industrialist like Tom Petters, you’re probably not at all worried that the jury has yet to come back with a verdict of not guilty. It’ll only be a matter of time.
However, if you’re like us, you are borderline having a panic attack waiting for the results of this trial. The jury began deliberations on November 30th and as of this writing there’s no indication that they are near a verdict.
Considering the mountain of evidence to be reviewed and some complex charges, we’re told this probably isn’t unusual but like we said, we’re anxious. The jury of Minnesota nice is obviously taking their civic duty seriously. We can admire that.
In related news, Palm Beach Finance Partners, L.P. declared bankruptcy yesterday, saying that they lost more than $1 billion in TP’s alleged scheme. As you may recall, Palm Beach was one of the defendants listed in the Texas lawsuit that also includes Ernst & Young, McGladrey & Pullen, and Kaufman, Rossin, & Co. that we reported on last month.
Since we’re waiting, we’ll get your thoughts on the matter. Vote on what you think the outcome of the trial will be and we’ll report the result as soon as we hear the news.
UPDATE: Obviously we had some intuition about some justice going down.
CPA Who Allegedly Embezzled Funds from Client May Have Been Desperate to Get Rid of Shag Carpeting
From John Veihmeyer’s favorite local broadsheet, the South Bend Tribune:
A local certified public accountant has been arraigned in Berrien County Trial Court in St. Joseph in connection with the alleged embezzlement of nearly $100,000 from a trust fund.
As for the how and the why:
Officers said the funds allegedly were taken from the trust fund account of Winifred Lentz around the time of Lentz’s death in 2005. Falsified documents were used to disguise where the money actually went, police said
They said Barnes used the money to carpet his home and purchase Euros during a period when he took a cruise. He also allegedly took more than $45,000 to pay off a personal loan.
Burn of the Day: NJ Embezzler Pleads Guilty To Not Paying Taxes on Money She Stole
Ouch! According to the DoJ, a former employee of Atlantic County Concrete and Material Co. […]