What's the Snowball? Is It a Kiting Scheme?

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REFERENCES

• Clifton Park payroll company abruptly shuts down, leaves thousands scrambling [Albany Business Review]
• NY Payroll Company Vanishes With $35 Million [Krebs on Security]
• Missing Paychecks Leave Small Businesses Scrambling [WSJ]
• Owner of Payroll Processor Charged With Committing $70 Million Fraud [WSJ]
• Employers scramble after payroll company allegedly diverts $35 million from employees [CBS News]
• $26 Million in Missing Paychecks, One Mysterious Swindler Charged [NYT]
• Michael Mann Charged with Bank Fraud [DOJ]
• ValueWise CEO Michael Mann Pleads Guilty to $100 Million Fraud [DOJ]
• [Daily Mail]
• MyPayrollHR debacle: Who is Michael Mann? [Times Union]
• U.S. v. Michael Mann [Complaint via Krebs on Security]
• ​​MyPayrollHR CEO begins prison sentence [WNYT]
• Minnesota Man Pleads Guilty to Conspiring with Michael Mann to Defraud Financing Companies [DOJ]
• Texas Man Charged with Conspiring with Michael Mann to Defraud Lenders [DOJ]
• Documents show how MyPayrollHR owner tried to cover up $100M fraud [Times Union]

A WORD FROM OUR SPONSOR
Dark Horse CPAs has built a platform-style CPA firm that will transform your practice. It has the technology, resources, staffing, qualified inbound leads, and community that will enable you to spend your time growing your practice, serving clients and doing more of what you love. Learn more at abetterway.cpa
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CONNECT WITH THE HOSTS

Greg Kyte, CPA
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LinkedIn: https://www.linkedin.com/in/gregkyte/

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LinkedIn: https://www.linkedin.com/in/calebnewquist/

EMAIL : ohmyfraud@earmarkcpe.com

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Transcript available upon request