Oh My Fraud

In this bonus episode, Caleb and his producer, Zach, discuss the 2009 film The Informant! Directed by Steven Soderbergh and starring Matt Damon, The Informant! is based on the true story of a 90s-era price fixing scheme involving the multinational food processing and commodities trading giant, Archer-Daniels Midland.(00:00) - - Welcome to Oh My Fraud at the Movies (02:45) - - Introduction to "The Informant" (2009) (06:35) - - Plot Overview and Initial Setup (12:45) - - The Price Fixing Scheme (20:35) - - The FBI Investigation (24:50) - - The Plot Twist (34:30) - - The Outcome (39:05) - - Connections to Other Fraud Cases (42:20) - - Wrap-up and Final Thoughts HOW TO EARN FREE CPEIn less than 10 minutes, you can earn 1 hour of NASBA-approved accounting CPE after listening to this episode. Download our mobile app, sign up, and look for the Oh My Fraud channel. Register for the course, complete a short quiz, and get your CPE certificate.Download the app:Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appJoin Caleb and Greg live in New Jersey NJCPA Convention & Expo [NJCPA]CONNECT WITH CALEBTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/Email us at ohmyfraud@earmarkcpe.comhttps://www.imdb.com/title/tt1130080/https://en.wikipedia.org/wiki/The_Informant!

"A premiere true American...with integrity in all his pursuits.”SponsorsRoutable - http://ohmyfraud.promo/routableRightworks Rightnow 2025 - https://ohmyfraud.promo/rightnow2025 (use code OMF15 for 15% OFF)(00:00) - Introduction and CPE Credit Information (01:30) - Welcome to Oh My Fraud (02:34) - Listener's Confession (06:15) - The Story of William Neil Gallagher Begins (08:07) - The Rise of Gallagher Financial Group (20:04) - The Investigation Begins (21:19) - Uncovering the Ponzi Scheme (26:52) - Gallagher's Downfall and Legal Consequences (35:37) - The Aftermath and Lessons Learned (42:55) - Conclusion and Final Thoughts HOW TO EARN FREE CPEIn less than 10 minutes, you can earn 1 hour of NASBA-approved accounting CPE after listening to this episode. Download our mobile app, sign up, and look for the Oh My Fraud channel. Register for the course, complete a short quiz, and get your CPE certificate.Download the app:Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appJoin Caleb and Greg live in New Jersey NJCPA Convention & Expo [NJCPA]CONNECT WITH CALEBTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/Email us at ohmyfraud@earmarkcpe.comSources:Cleansing of the Temple [Wikipedia]Money Doctor Neil Gallagher Gets a Bad Checkup [D Magazine]The Texas Preacher’s $24 Million Ponzi Scheme [Bloomberg]The Money Doctor — Parts I and II [The Perfect Scam]Securities and Exchange Commission v. William Neil "Doc" Gallagher, Gallagher Financial Group, Inc., and W. Neil Gallagher, Ph.D. Agency, Inc. [SEC]Securities and Exchange Commission v. William Neil “Doc” Gallagher [PACER, Case 3:19-cv-00575-K, retrieved March 13, 2025, SEC]One of D-FW’s best-known financial advisers is in Dallas County jail, with bail set at $1 million [Dallas Morning News]Confession [The State of Texas v. William Neil Gallagher]William Neil 'Doc' Gallagher: Sentenced to 25 Years, $10.3 Million Restitution [Texas State Securities Board]13 things you need to know about Doc Gallagher, the Bernie Madoff of North Texas [Dallas Morning News]A Christian talk show host promised to enrich clients. His Ponzi scheme bilked them out of millions. [Washington Post]Now that prosecutors have put Doc Gallagher in prison for life, focus turns to his mistress [Dallas Morning News]Mistress of "Doc" Gallagher Sentenced to Life in Prison [Tarrant County, Texas]RECEIVER’S INITIAL STATUS REPORT AND FIRST QUARTERLY REPORT [GFG Receivership]The Money Doctor [Bloomberg Investigates]Gallagher Financial Group Receivership [GFG Receivership]

A baseball superstar winds up in the middle of a gambling scandal.SponsorsRoutable - http://ohmyfraud.promo/routable Rightworks Rightnow 2025 - https://ohmyfraud.promo/rightnow2025 (use code OMF15 for 15% OFF)(00:00) - Introduction: The Legend of Shohei Ohtani (00:34) - Earn CPE Credit with Earmark (00:54) - Welcome to Oh My Fraud (01:44) - Listener Email: Adding Machines (03:04) - Upcoming Events and Announcements (04:20) - The World of Illegal Gambling (06:16) - Matthew Boyer's Descent into Gambling (11:39) - Shohei Ohtani: A Baseball Prodigy (14:40) - Ipe Mitsuhara: The Trusted Interpreter (19:10) - The Scandal Unfolds (31:33) - The Dark History of Gambling and Baseball (36:22) - The Investigation and Legal Consequences (38:11) - Lessons Learned: Trust is Not a Control (42:06) - Conclusion and Final Thoughts HOW TO EARN FREE CPEIn less than 10 minutes, you can earn 1 hour of NASBA-approved accounting CPE after listening to this episode. Download our mobile app, sign up, and look for the Oh My Fraud channel. Register for the course, complete a short quiz, and get your CPE certificate.Download the app:Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appCONNECT WITH CALEBTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/Email us at ohmyfraud@earmarkcpe.comSourceshttps://www.cbssports.com/mlb/news/shohei-ohtani-gambling-scandal-explained-everything-we-know-as-ippei-mizuhara-pleads-guilty-to-bank-fraud/https://igamingbusiness.com/sports-betting/bowyer-illegal-bookmaking-plea/https://www.mlb.com/news/ippei-mizuhara-guilty-pleahttps://www.nbcnews.com/news/us-news/bookie-pleads-guilty-running-illegal-gambling-business-used-ex-ohtani-rcna166050https://www.justice.gov/usao-cdca/pr/japanese-language-translator-charged-complaint-illegally-transferring-more-16-millionhttps://www.cbsnews.com/losangeles/news/orange-county-man-pleads-guilty-to-charges-of-illegal-sports-betting-involving-former-ohtani-interpreter/https://www.justice.gov/usao-cdca/pr/orange-county-man-agrees-plead-guilty-illegally-transferring-nearly-17-million-mlbhttps://www.espn.com/mlb/story/_/id/40058806/ohtani-money-mizuhara-bookie-vegas-casinohttps://www.latimes.com/california/story/2024-03-28/ippei-mizuhara-shohei-ohtani-interpreter-mystery-gambling-scandalhttps://www.latimes.com/california/story/2024-03-20/gambling-storyhttps://www.latimes.com/california/story/2024-04-11/ohtanis-former-interpreter-charged-in-federal-gambling-casehttps://www.latimes.com/california/story/2025-02-06/ippei-mizuhara-sentencinghttps://www.americangaming.org/resources/commercial-gaming-revenue-tracker/https://www.covers.com/industry/2024-aga-report-underscore-legal-sports-betting-market-growthhttps://sportshandle.com/report-suggests-illegal-betting-market-dominates/https://draftkings.gcs-web.com/news-releases/news-release-details/major-league-baseball-and-draftkings-expand-relationship-includehttps://www.sportingnews.com/us/mlb/news/pete-rose-gambling-scandal-mlb-hits-record-banned-betting/bef86ec38adf1cb165801853https://www.espn.com/mlb/columns/story?columnist=neyer_rob&id=1702483https://www.latimes.com/politics/la-na-pol-court-sports-bets-20180514-story.html

Jonathan Todd Schwartz was a heavyweight business manager to some of the biggest names in show business. But a crippling gambling addiction led to his embezzlement of millions of dollars from numerous clients, including the singer-songwriter Alanis Morissette. Jonathan tells Caleb about his rise in entertainment, how it all fell apart, and how he has been working to seek forgiveness and redemption.SponsorsRoutable - http://ohmyfraud.promo/routable Rightworks Rightnow 2025 - https://ohmyfraud.promo/rightnow2025 (use code OMF15 for 15% OFF)Rho - http://ohmyfraud.promo/rho(00:00) - Welcome to Oh My Fraud (03:38) - Jonathan's Early Life and Family Background (09:21) - College Years and Early Career (13:40) - Breaking into the Entertainment Industry (24:40) - Struggles with Addiction and Gambling (35:44) - Six Years of Desperation (44:08) - The Downfall Begins (45:46) - Facing the Music: Lie Detector Test (53:21) - Sentencing and Reflection (56:35) - Life in Prison and Sobriety (01:01:58) - Reentering Society (01:05:18) - Making Amends and Moving Forward (01:07:27) - Final Thoughts and Lessons Learned Connect with JonathanInstagram: https://www.instagram.com/therealjonathanschwartz/LinkedIn: https://www.linkedin.com/in/jonathan-todd-schwartz-58585b333/Altus RehabHOW TO EARN FREE CPEIn less than 10 minutes, you can earn 1 hour of NASBA-approved accounting CPE after listening to this episode. Download our mobile app, sign up, and look for the Oh My Fraud channel. Register for the course, complete a short quiz, and get your CPE certificate.Download the app:Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appCONNECT WITH CALEBTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/Email us at ohmyfraud@earmarkcpe.comSee Greg and Caleb Live NJCPA Convention & Expo [NJCPA]ShownotesThe Defrauded Famous | Alanis Morissette and Kareem Abdul-Jabbar [Ep. 68]

An elite medical school falls victim to an unexceptional schemeSponsorsRoutable - http://ohmyfraud.promo/routable Rightworks Rightnow 2025 - https://ohmyfraud.promo/rightnow2025 (use code OMF15 for 15% OFF)Rho - http://ohmyfraud.promo/rho(00:00) - A Suspicious Late Night at Work (00:54) - Welcome to Oh My Fraud (03:50) - Meet Jamie Patron: The Fraudster (05:09) - Understanding Procurement and Its Loopholes (07:48) - The Investigation Begins (09:04) - The FBI's Findings and Jamie's Arrest (17:15) - Jamie Patron's Lavish Lifestyle (22:29) - Lessons Learned from the Fraud (36:53) - Similar Cases and Final Thoughts (42:23) - Wrap Up and Where to Reach Us HOW TO EARN FREE CPEIn less than 10 minutes, you can earn 1 hour of NASBA-approved accounting CPE after listening to this episode. Download our mobile app, sign up, and look for the Oh My Fraud channel. Register for the course, complete a short quiz, and get your CPE certificate.Download the app:Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appCONNECT WITH CALEBTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/Email us at ohmyfraud@earmarkcpe.comSources:Complaint [PACER Search, Case #3:22-cr-00061-VDO, Sept. 2, 2021]Information: United States v. Jamie Petrone, [PACER Search, Case #3:22-cr-00061-VDO, March 28, 2022]Yale Med School Employee Charged with Stealing and Selling Millions of Dollars in Computer Hardware [DOJ]An administrator at Yale’s medical school is accused of stealing and reselling millions of dollars of computer equipment [Hartford Courant]An administrator at Yale Medical School admits stealing and reselling tens of millions of dollars of school computer equipment [Hartford Courant]Former Yale Med School Employee Pleads Guilty, Admits Stealing and Selling $40 Million in Electronics [DOJ]Former Yale Official Admits to $40 Million Fraud Scheme [NYT]Former Yale Med School Employee Who Stole $40 Million in Electronics Sentenced to 9 Years in Prison [DOJ]

A beloved zoo turns into a jungle of financial shenanigans.SponsorsRoutable - http://ohmyfraud.promo/routable Rightworks Rightnow 2025 - https://ohmyfraud.promo/rightnow2025 (use code OMF15 for 15% OFF)TeamUp - http://ohmyfraud.promo/teamup(00:00) - The Unexpected Source of Hot Tickets (00:28) - CPE Credits and Podcast Introduction (00:52) - Solo Hosting and Listener Review (02:48) - Live Presentations and Webinars (03:54) - History of Zoos in the United States (05:23) - The Columbus Zoo's Troubled Past (07:23) - Tom Stolf's Rise and Controversies (13:22) - The Investigation Begins (19:58) - Resignations and Legal Troubles (28:06) - Forensic Audit and Further Revelations (32:33) - Indictments and Guilty Pleas (38:26) - Lessons Learned and Conclusion HOW TO EARN FREE CPEIn less than 10 minutes, you can earn 1 hour of NASBA-approved accounting CPE after listening to this episode. Download our mobile app, sign up, and look for the Oh My Fraud channel. Register for the course, complete a short quiz, and get your CPE certificate.Download the app:Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appCONNECT WITH CALEBTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/Email us at ohmyfraud@earmarkcpe.comLinks:NJCPA Convention & Expo [NJCPA]Sources:Barnum's American Museum [Wikipedia]What Is The Early History Of The Columbus Zoo? [WOSU]Columbus Zoo reviewing use of zoo-owned houses for family of executives [TCD Dispatch]Columbus Zoo: Top officials resign following Dispatch investigation [TCD]Columbus Zoo hires outside firm to investigate executives' use of zoo resources [TCD]Columbus Zoo executives may face investigation from Ohio Ethics Commission [TCD]Columbus Zoo won't share investigation details; Commissioners call for transparency [TCD]Columbus Zoo can't afford to get it wrong when it comes to CEO scandal [TCD]As scrutiny of Columbus Zoo mounts, board says they will release some investigation details [TCD]Columbus Zoo investigation: CEO used zoo money personally, failed to bid construction project at The Wilds [TCD]Columbus Zoo and Aquarium lost at least $631,000 because of misspending by former officials [TCD]Yost: 'The Bank hired the robbers to do security' on ex-zoo executives indicted Monday [TCD]Columbus Zoo 'clings to secrecy' construction company says in Ohio Supreme Court suit [TCD]Former Columbus Zoo Executives Indicted for Theft of More Than $2 Million [Ohio AG]Second Defendant in Columbus Zoo Investigation Sentenced [Ohio Auditor]Former Zoo Executive Sentenced to 3 Years in Prison for Fraud [Ohio AG]Former Columbus Zoo CEO Sentenced to 7 Years in Prison [Ohio Auditor of State]

Join Caleb Newquist as he discusses frauds great and small to understand the motives, methods, and impact of the occasionally hilarious but always devastating stories of betrayal and deceit.

Miriam Baer argues in her book that U.S. white collar crime statutes are doing a disservice to us all. She gives Caleb and Greg lots of examples of how this is, but before that she also tells the guys about her early law career working in Wilmington, Delaware, her time as a prosecutor in the Southern District of New York, why some frauds get prosecuted while others don’t, and a memorable story about her former classmate, Ted Cruz.SponsorsRoutable - http://ohmyfraud.promo/routableRightworks Rightnow 2025 - https://ohmyfraud.promo/rightnow2025 (use code OMF15 for 15% OFF) TeamUp - http://ohmyfraud.promo/teamup(00:00) - Introduction and CPE Credit Information (00:20) - Welcome to Oh My Fraud (01:41) - Guest Introduction: Miriam Baer (03:42) - Miriam Baer's Career Journey (07:15) - Law School and Early Career (12:33) - Prosecuting White Collar Crime (21:47) - Sentencing Guidelines Explained (31:04) - Post-9/11 and Compliance Work (34:41) - Transition to Academia (40:44) - Prosecutorial Decision-Making (46:00) - Prototypes in Fraud Cases (46:52) - Prosecutors' Challenges in Fraud Cases (49:32) - Government's Approach to High-Profile Fraudsters (53:06) - White Collar Statutes and Their Failures (54:52) - Issues with Fraud Statutes and Data Collection (01:01:09) - Over Criminalization vs. Under Enforcement (01:03:48) - Examples of Over Criminalization and Under Enforcement (01:10:15) - Final Thoughts and Personal Insights (01:17:00) - Closing Remarks and Reflections Connect with Miriam BaerMiriam Baer, Bio [Brooklyn Lawhttps://www.linkedin.com/in/miriam-baer-733a84289Miriam Baer, CV [Brooklyn Law]Purchase Miriam's Book!https://www.amazon.com/Myths-Misunderstandings-White-Collar-Crime-Miriam/dp/1009279807HOW TO EARN FREE CPEIn less than 10 minutes, you can earn 1 hour of NASBA-approved accounting CPE after listening to this episode. Download our mobile app, sign up, and look for the Oh My Fraud channel. Register for the course, complete a short quiz, and get your CPE certificate.Download the app:Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appQuestions? Need help? Email support@earmarkcpe.com.CONNECT WITH THE HOSTSGreg Kyte, CPATwitter: https://twitter.com/gregkyteLinkedIn: https://www.linkedin.com/in/gregkyte/Caleb NewquistTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/Email us at ohmyfraud@earmarkcpe.com

At the beginning of his career, Sam Buell knew that he wanted to be a prosecutor in the Eastern District of New York where all manner of crime—everything from mob hits to human trafficking—was occurring. Caleb and Greg discuss Sam’s eventful career that took him from Whitey Bulger to the Enron case which set on the path to being an scholar on white collar crime.SponsorsRoutable - http://ohmyfraud.promo/routableRightworks Rightnow 2025 - https://ohmyfraud.promo/rightnow2025 (use code OMF15 for 15% OFF)TeamUp - http://ohmyfraud.promo/teamup(00:00) - Welcome to Oh My Fraud (00:36) - Interview with Law Professor Sam Buell (02:43) - Sam Buell's Early Life and Education (04:39) - Career Beginnings and Law School (06:54) - Prosecuting Organized Crime in New York (21:07) - Whitey Bulger Case and Boston Move (33:45) - Joining the Enron Task Force (52:41) - The Psychology of Fraud: Groupthink and Incremental Deception (01:02:30) - The Arthur Anderson Prosecution (01:09:55) - The Trial and Aftermath: Lessons from the Anderson Case (01:20:48) - Corporate Criminal Liability: The Broader Implications (01:33:44) - The Impact of Sarbanes-Oxley: Successes and Failures (01:37:43) - The Future of Corporate Regulation: Challenges and Surprises (01:41:52) - Final Thoughts and Reflections Connect with Sam Buel Samuel W. Buell [Duke University School of Law]https://www.linkedin.com/in/samuel-buell-1a7a7b124Purchase Sam's Books https://www.amazon.com/Capital-Offenses-Business-Punishment-Corporate/dp/039324783Xhttps://buelloncorporatecrime.com/HOW TO EARN FREE CPEIn less than 10 minutes, you can earn 1 hour of NASBA-approved accounting CPE after listening to this episode. Download our mobile app, sign up, and look for the Oh My Fraud channel. Register for the course, complete a short quiz, and get your CPE certificate.Download the app:Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appQuestions? Need help? Email support@earmarkcpe.com.CONNECT WITH THE HOSTSGreg Kyte, CPATwitter: https://twitter.com/gregkyteLinkedIn: https://www.linkedin.com/in/gregkyte/Caleb NewquistTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/Email us at ohmyfraud@earmarkcpe.com

In this look back at 2024, the guys discuss their episodes, share updates to some stories, and discuss some upcoming changes to the podcast.HOW TO EARN FREE CPEIn less than 10 minutes, you can earn 1 hour of NASBA-approved accounting CPE after listening to this episode. Download our mobile app, sign up, and look for the Oh My Fraud channel. Register for the course, complete a short quiz, and get your CPE certificate.Download the app:Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appQuestions? Need help? Email support@earmarkcpe.com.CONNECT WITH THE HOSTSGreg Kyte, CPATwitter: https://twitter.com/gregkyteLinkedIn: https://www.linkedin.com/in/gregkyte/Caleb NewquistTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/Email us at ohmyfraud@earmarkcpe.comSources:Victims of a $7 Billion Fraud May Soon Be Paid. For Some, It’s Too Late. [NYT]Ex-Jaguars employee who stole from team sues FanDuel for $250 million for "exploiting" his gambling addiction [CBS]Ex-Jaguars employee who stole $22 million from team files lawsuit against FanDuel [The Athletic]Former Dixon, Ill. comptroller Rita Crundwell, who embezzled $53 million, released from custody [CBS]Cryptocurrency ‘pig butchering’ scam wrecks Kansas bank, sends ex-CEO to prison for 24 years [CNBC]