Oh My Fraud

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]

In this episode recorded live for Moore North America’s member appreciation event, Caleb and Greg discuss the case of a sheriff in southern Indiana who had an unusual take on his duty to “serve and protect” his citizens.SponsorsForwardly - https://ohmyfraud.promo/forwardlyTabs - https://ohmyfraud.promo/tabs Mercury - https://ohmyfraud.promo/mercury(00:00) - Welcome to Oh My Fraud Podcast (02:39) - Clark County, Indiana: Setting the Scene (04:13) - Jamey Noel's Rise to Sheriff (14:56) - Sheriff's Duties and Responsibilities (19:45) - Scottie Maples Takes Over (20:53) - Discovery of the Wiretap (23:34) - Investigation and Misappropriations (28:32) - Uncovering Jamey's Vehicle Transfer Scheme (31:04) - The Simplest Fraud Ever? (32:45) - Lavish Spending Spree (34:53) - The Cuba Connection (37:59) - Arrest and Bail Drama (44:01) - Guilty Plea and Sentencing (49:57) - Lessons Learned from the Case (55:39) - Wrap-Up and How 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.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: Jamey Noel Kept Spending Thousands After His Corruption Arrest: Cops  — Inside Edition How a local sheriff allegedly stole millions — Inside Edition'You tarnished the badge': Former IN sheriff Jamey Noel sentenced to 15 years in prison — Courier JournalDisgraced former Indiana sheriff Jamey Noel pleads guilty to 27 felony charges — Indiana Capital ChronicalThe rise and fall of Jamey Noel — and the top Indiana Republicans he knew along the way — Indiana Capital ChronicalMedian household income Indiana U.S. 2023 — StatistaStatement on Jamey Noel — Clark County Sheriff’s Office

University of Virginia historian Justene Hill Edwards gave Caleb and Greg “a strong B” on their podcast episode about Freedman's Savings Bank. Nevertheless, they were eager to learn more about this Reconstruction Era fraud. Dr. Edwards’s new book, “Savings and Trust: The Rise and Betrayal of the Freedman’s Bank” tells the story in rigorous detail, the effects of which have repercussions to this day. SponsorsTabs - https://ohmyfraud.promo/tabsForwardly - https://ohmyfraud.promo/forwardlyMercury - https://ohmyfraud.promo/mercury(00:00) - Welcome to Oh My Fraud (03:38) - Recap of the Freedman's Bank Episode (06:14) - Justene Hill Edwards' Background (15:37) - The Origins of Freedman's Bank (26:50) - Challenges and Expansion of Freedman's Bank (35:33) - Corruption and Illegal Loans (50:44) - The Puzzle of Banking: Balancing Loans and Deposits (53:39) - The Lending Bonanza and Its Consequences (54:26) - Edgar Ketchum's Confrontation with Cook (57:03) - The Public Perception and Marketing of Freedman's Bank (59:07) - The Panic of 1873 and Its Impact (01:03:25) - Frederick Douglass Takes Charge (01:11:09) - The Bank's Closure and Aftermath (01:15:28) - Investigations and Lack of Accountability (01:21:55) - The Legacy of Freedman's Bank (01:30:27) - Final Thoughts and Reflections Buy Justene's Bookshttps://www.amazon.com/Savings-Trust-Rise-Betrayal-Freedmans/dp/1324073853https://www.amazon.com/Unfree-Markets-Capitalism-Carolina-Columbia/dp/0231191138Connect with Justenehttps://www.justenehilledwards.comhttps://www.linkedin.com/in/justene-hill-edwards-ph-d-265111104HOW 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.comThe Freedman’s Bank Forum obscures the bank’s real history [Washington Post]Savings and Trust: The Rise and Betrayal of the Freedman's Bank [W.W. Norton]Justene Hill Edwards Interview: Unveiling America's Roots & Lincoln's Legacy [YouTube] The Road to Fraud Is Paved With Good Intentions | The Case of Freedman’s Bank [OMF, Ep. 51]

They can’t all be criminal masterminds. Caleb and Greg discuss four stories of fraud gone absurdly wrong.SponsorsForwardly - https://ohmyfraud.promo/forwardlyTabs - https://ohmyfraud.promo/tabs Artiffex - https://ohmyfraud.promo/artiffex(00:00) - Infinite Stupidity Quotes (00:56) - Welcome to Oh My Fraud (04:49) - Hialeah, Florida: Fun Facts and Fraud (08:29) - Medicare Fraud Case: Ernesto Cruz Graveron (21:08) - Cheltenham, England: A New Debit Card (23:25) - The Mysterious Ladbrokes Deposit (29:16) - The Stolen Debit Card (32:37) - The Bugatti Veyron Incident (43:09) - The Fake Night Deposit Box (53:30) - Lessons Learned 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.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: Crime pays for theft victim — BBCThe World’s Dumbest Fraudsters — Journal of AccountancyPolice nab suspect in bank deposit box scam — Tampa Bay TimesInside the mind of criminals: How to brazenly steal $100 billion from Medicare and Medicaid [CNBC]NHE Fact Sheet [CMS]Durable medical equipment (DME) coverage [Medicare.gov]Alleged Health Care Fraudster Ordered Detained Pending Trial After Being Arrested on a Jet Ski Headed Toward Cuba [DOJ]Officials: Fraud suspect caught heading to Cuba on Jet Ski [AP]Bugatti Veyron [Wikipedia]$1.6 Million Bugatti Veyron Crashes Into Texas Lake [Jalopnik]Bugatti Veyron Lake Crash-- Original Video- 1st hand account [YouTube]EXCLUSIVE: Bugatti Lake Crash Owner Buys Replacement $1.5 Million Veyron [Jalopnik]Trial Of Man Sued For 'Purposefully' Crashing Bugatti Veyron Into Lagoon Mysteriously Postponed [Jalopnik]Angelina County Man Guilty In Wire Fraud Scheme [DOJ]Lufkin man gets 1 year prison for false insurance claim in Bugatti case [KTRE]Man who crashed Bugatti into a lake is headed to federal prison [Houston Chronicle]

In this special episode, Caleb interviews Greg about a tricky situation he encountered early in his career as an accountant.SponsorsTabs - https://ohmyfraud.promo/tabsForwardly - https://ohmyfraud.promo/forwardlyArtiffex - https://ohmyfraud.promo/artiffex(00:00) - Welcome to Oh My Fraud (00:37) - Listener Reviews and Ethical Dilemmas (04:26) - Greg's Career Background (05:32) - First Job and QuickBooks Training (09:31) - The Client's Business and Management (16:06) - Discovering Financial Irregularities (18:24) - The Mysterious Loan (25:39) - Checks and Balances (35:29) - Firm's Response and Ethical Concerns (40:46) - The Big Hairy Loan (44:06) - Transition to In-House CPA (47:09) - Monitoring the Loan (50:24) - Revealing the Loan to the Board (53:57) - Board's Reaction and Consequences (01:07:55) - "John Bolton's" Hardball Tactics (01:13:33) - Final Resolution and Aftermath (01:20:10) - Lessons Learned and Reflections 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 the era of climate change, it isn’t just about saving the planet using sustainable methods of energy, it’s about making a fortune from sustainable methods of energy. In this episode, Caleb and Greg discuss the story of DC Solar, a manufacturer of mobile solar generators.SponsorsForwardly - https://ohmyfraud.promo/forwardlyTabs - https://ohmyfraud.promo/tabsPractice Protect - https://ohmyfraud.promo/protect(00:00) - Introduction to the Unlikely Innovator (01:00) - Listener Reviews and Reactions (02:16) - Jeff Karpoff's Early Life and Struggles (09:19) - The Birth of DC Solar (12:27) - The Solar Eclipse Generator (13:36) - Hollywood's Interest and Initial Success (25:21) - Cracks in the Business Model (29:30) - The Ponzi Scheme Unveiled (30:58) - Jeff Karpoff's Extravagant Lifestyle (32:47) - NASCAR Sponsorship and DC Solar's Rise (35:18) - The IRS and Investor Scrutiny (36:29) - Bogus Reports and Fake Leases (38:18) - Massive Deals and Manufacturing Issues (39:49) - Fraudulent Practices Unveiled (53:02) - The Whistleblower and Legal Consequences (56:57) - The Aftermath and Loose Ends (58:30) - Lessons Learned 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.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:The Billion-Dollar Ponzi Scheme That Hooked Warren Buffett and the U.S. Treasury [The Atlantic]Massive $1 billion solar power ponzi scheme results in the largest single-owner car collection ever auctioned by the U.S. Marshals Service — including Burt Reynolds’ Trans Am [AP]Obama Administration Announces Columbus, OH Winner of the $40 Million Smart City Challenge to Pioneer the Future of Transportation [WH]Federal agents raid home, business of Martinez resident [Martinez News-Gazette]DC Solar companies file Chapter 11 bankruptcy, Carpoffs leave leadership roles [Martinez News-Gazette]DC Solar files Chapter 11 bankruptcy, court papers show multi-million dollar debt [Martinez News-Gazette]Two plead guilty to participation in a Ponzi scheme involving $2.5 billion in transactions and $1 billion in loss [DOJ]Third Conspirator Pleads Guilty to Participation in a Ponzi Scheme Involving $2.5B in Transactions and $1B in Loss [DOJ]Fourth Conspirator Pleads Guilty to Participation in a Ponzi Scheme Involving $2.5B in Transactions and $1B in Loss [DOJ]Top Executives Plead Guilty to Participating in a Billion Dollar Ponzi Scheme—the Biggest Criminal Fraud Scheme in the History of the Eastern District of California [DOJ]Seventh Conspirator Pleads Guilty to Participation in the DC Solar Ponzi Scheme Involving $2.5B in Transactions and Nearly $1B in Loss [DOJ]DC Solar Owner Sentenced to 30 Years in Prison for Billion Dollar Ponzi Scheme [DOJ]DC Solar Owner Sentenced to Over 11 Years in Prison for Billion Dollar Ponzi Scheme [DOJ]Pleasant Hill man sentenced to 6.5 years in prison for billion dollar DC Solar Ponzi scheme [IRS]Vacaville Man Sentenced to 8 Years in Prison for Billion Dollar DC Solar Ponzi Scheme [DOJ]​​Nixon Peabody Gets OK For Deal With DC Solar Investors [Law360]Berkshire Takes Tax Hit as Victim of ‘Ponzi-Type’ Solar Scheme [Bloomberg]Martinez Clippers [Wikipedia] City ends Clippers license agreement [Martinez News-Gazette]Carpoff’s seized auto collection headed to auction [Martinez News-Gazette]Nearly 150 Collector Cars Seized in an FBI Raid Head to Auction [Motortrend]

If you’re one of those cynical people who assumes that multinational corporations are deeply corrupt and only concerned with achieving global domination no matter the cost, then this episode is for you. Caleb and Greg discuss a case of international bribery, the likes of which the world had never seen.SponsorsTabs - https://ohmyfraud.promo/tabsForwardly - https://ohmyfraud.promo/forwardlyPractice Protect - https://ohmyfraud.promo/protect(00:00) - Welcome to Oh My Fraud (02:34) - Airbus and the Watergate Connection (11:02) - The Birth of Airbus and Its Rise (13:51) - Airbus Self-Reports Bribery Scandal (18:24) - The Mechanics of Airbus Bribery (20:22) - Deferred Prosecution and Bribery ROI (22:38) - Airbus Bribery Scandals Unveiled (25:59) - Airbus' Self-Reporting and Consequences (27:36) - The Global Investigation and Fines (31:27) - Bribery vs. Marketing: A Blurred Line (41:49) - The Largest Bribery Case in History (42:49) - Closing Thoughts and Where to Find 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.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 Sources:How the Foreign Corrupt Practices Act Came to Be — Corporate Compliance Insights Early days (1967) — Airbus History of Airbus S.A.S. — Britannica Airbus to pay record £3bn in fines for 'endemic' corruption — The GuardianAirbus to Pay $4 Billion to Settle Corruption Inquiry — NYT Airbus to pay SFO €1bn in corruption settlement — BBCAirbus enters into a coordinated resolution of foreign bribery investigation with US UK and French authorities for a total of 36 billion - Mondaq Airbus Agrees to Pay over $3.9 Billion in Global Penalties to Resolve Foreign Bribery and ITAR Case — DOJ Four Years and Almost $4 Billion: Airbus Corruption Investigations End with Sky-High Fine — Ropes & Gray LLC