Oh My Fraud

Gambling is often a factor when a person perpetrates a fraud, sometimes to a shocking degree. Caleb and Greg discuss one such case involving a finance professional who went to extraordinary lengths to change his bad luck.SponsorsMakersHub- https://ohmyfraud.promo/makershubRightRev - https://ohmyfraud.promo/rightrevSettle - https://ohmyfraud.promo/settleHOW 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.com1-800-GAMBLER is the phone number for the National Problem Gambling Helpline. It serves as a resource for individuals who may be struggling with problem gambling or gambling addiction, or their loved ones.Sources: How one ‘super basic’ man stole $22M from his hometown Jaguars and became ‘the biggest loser ever on FanDuel’ — News4JAXPrivate jets, gambling and a Trevor Lawrence jersey: A detailed look at what Amit Patel paid for with stolen Jags money — News4JAXThe Jaguars’ $22 million question: How did four years of theft go undetected? — New York TimesEx-Jaguars employee Amit Patel sentenced to prison for fraud — ESPNEx-Jags employee gambled with company card at former job — ESPNMiddle District of Florida | Former Jacksonville Jaguars Employee Sentenced To More Than Six Years For Embezzling In Excess Of $22 Million — DOJ​​Trevor Lawrence — Spotrac.com(00:00) - Every Kid Dreams of Becoming a Professional Athlete (01:16) - Listener Shoutouts and Reviews (02:54) - Personal Anecdotes on Homeownership (07:42) - Introducing Amit Patel's Story (08:47) - Amit Patel's Gambling and Career (13:14) - Amit Patel's is Hired By The Jacksonville Jaguars (22:20) - Amit's Fraudulent Scheme Unveiled (22:35) - Duplicating Transactions for Personal Gain (23:44) - Extravagant Purchases with Stolen Money (26:12) - Living a Double Life (29:59) - Caught by FanDuel (33:46) - Legal Consequences and Sentencing (35:15) - Lessons Learned and Final Thoughts (44:19) - Outro and Contact Information

More than four years after the COVID-19 pandemic began, stories of regular people and their ill-fated schemes to exploit pandemic aid programs continue to emerge. In this episode, Caleb and Greg discuss some of the cases featured in the 2024 COVID-19 Fraud Enforcement Task Force Report.SponsorsG-Accon - https://ohmyfraud.promo/gacconKeeper - https://ohmyfraud.promo/keeperBlue Onion - https://ohmyfraud.promo/blueonionHOW 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:COVID-19 FRAUD ENFORCEMENT TASK FORCE 2024 REPORT [DOJ]How to Catch Pandemic Fraud? Prosecutors Try Novel Methods. [NYT]MarylandPrince George’s County Man Pleads Guilty to a Federal Wire Fraud Conspiracy to Obtain Over $750,000 in COVID-19 CARES Act Loans and Unemployment Insurance Benefits [DOJ]Prince George’s County Man Pleads Guilty To A Federal Wire Fraud Conspiracy To Obtain Over $1 Million In Covid-19 Cares Act Loans And Unemployment Insurance Benefits [DOJ]Prince George’s County Man Sentenced to Seven Years in Federal Prison for a Conspiracy to Obtain Over $1 Million in COVID-19 CARES Act Loans and Unemployment Insurance Benefits [DOJ]FloridaSeventeen Broward Sheriff’s Office Employees Charged with COVID-19 Pandemic Relief Fraud [DOJ]Broward Sheriff’s Office deputy convicted at trial of COVID-19 relief fraud [DOJ]Florida Deputies Charged With Defrauding Covid Funds of Nearly $500,000 [NYT]Former Broward Sheriff’s Office deputy sentenced for Paycheck Protection Program fraud [Local10]South Florida Man Sentenced to Prison for Covid-19 Relief Fraud, After Buying Jewelry and Luxury Cars with Loan Money [DOJ]Miami woman sentenced to 70 months in prison after using COVID-19 funds to gamble and launder money [DOJ]Alpaca FarmFormer North Shore Pizzeria Owner Sentenced to Two Years in Prison for COVID Fraud [DOJ]Man Gets 2 Years in Prison for Spending Pandemic Money on Alpaca Farm [NYT]FinalNew Jersey Tax Preparer Charged in COVID-19 Employment Tax Credit Scheme [DOJ]CFO, Controller, Corporate Officers Charged in $53 Million Fraud Scheme Involving Pandemic Relief [DOJ]Former Florida State Representative Sentenced To Federal Prison For Wire Fraud, Money Laundering, And Making False Statements In Connection With COVID-19 Relief Fraud [DOJ]

Think you’re too smart to be taken in by a fraudster? If so, that may make you an even bigger mark. In this episode, Caleb and Greg speak with psychologists Dan Simons of the University of Illinois Urbana-Champaign and Chris Chabris of the Geisinger Research Institute. Dan and Chris’s new book, “Nobody's Fool: Why We Get Taken In and What We Can Do About It,” goes deep on why we’re all potential victims of clever (or not-so-clever) scams. SponsorsG-Accon - https://ohmyfraud.promo/gacconKeeper - https://ohmyfraud.promo/keeperHarbor Compliance - https://ohmyfraud.promo/harborBuy Chris's and Dan's BooksNobody’s Fool The Invisible Gorilla Meet Our Guests:  Daniel Simons [X]Daniel Simons [LinkedIn]http://www.dansimons.comChristopher Chabris [X]Christopher Chabris [LinkedIn]http://www.chabris.comInvisible Gorilla Video [YouTube]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

The US Postal Service has long been the butt of jokes for poor service, but nothing that comes close to this. In this transatlantic episode, Caleb and Greg unpack the story of hundreds of British subpostmasters whose lives were turned upside down when they were falsely accused of stealing from the Post Office.  SponsorsG-Accon - https://ohmyfraud.promo/gacconKeeper - https://ohmyfraud.promo/keeperHarbor Compliance - https://ohmyfraud.promo/harborHOW 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: Post Office scandal explained: What the Horizon saga is all about — BBCSecret papers reveal Post Office knew its court defence was false — BBCBritish Post Office scandal — WikipediaPost Office Horizon scandal explained: Everything you need to know — Computer WeeklyPost Office scandal: from suicides to jail time with child killers — the heartbreaking stories of the postmasters — The StandardA Brief History of the United States Postal Service -  The SmithsonianThe History of the Post Office — Automatic Access Limited BlogRoyal Mail - WikipediaA short history of the Post Office — The History Press Post office numbers — House of Commons LibrarySubpostmasters get raw deal in Post Office pay structure - Apex InsightsHow independent retailers can make money from Post Offices — The GrocerHow to start a post office — PDQ Funding

In many episodes, Greg cites statistics from “A Report to the Nations,” the biennial report on occupational fraud, from the Association of Certified Fraud Examiners. As luck would have it, the most recent edition dropped in 2024, and so naturally, Caleb and Greg took the opportunity to discuss it. 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:Occupational Fraud 2024: A Report To The Nations [ACFE]

We all have childhood dreams. Not all of us get to make them come true. In this episode, Caleb and Greg discuss the story of Frederick Darren Berg, who as a boy, developed a fascination with buses, and made them central to multiple ventures in his career.SponsorsWebgility - ohmyfraud.promo/webgility 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:Darren Berg on the Run: Inside the Biggest Ponzi Scheme in Washington State History [Seattle Met]Financial empire, luxurious lifestyle were built on a mirage [Seattle Times]After spending spree, a reckoning for man behind state’s biggest Ponzi scheme [SeattlePI]Berg often portrayed himself as a lawyer [Seattle Times]Mercer Island Man Arrested for Ponzi Scheme and Bankruptcy Fraud Darren Berg Defrauded Investors and Allegedly Tried to Hide Assets During Bankruptcy [FBI]Mercer Island Man Sentenced to 18 Years in Prison for Ponzi Scheme and Bankruptcy Fraud [FBI]American Greed: ‘Seattle Roasted’ [American Greed]Inmate who defrauded investors more than $100 million escapes Atwater prison [Merced Sun-Star]Prison escape of Darren Berg, Washington’s ‘Mini Madoff,’ is like ‘Shawshank Redemption,’ official says [Seattle Times]Washington man who escaped prison following $100M Ponzi scheme possibly went to Brazil [AP]Darren Berg: A Ponzi Scheme Mastermind Escapes: Part 1 [The Perfect Scam]Darren Berg: A Ponzi Scheme Mastermind Escapes: Part 2 [The Perfect Scam]

Whistleblowers are essential to discovering fraud. According to the Association of Certified Fraud Examiners, more than 40 percent of frauds are discovered by a tip or whistleblower. In this episode, Caleb and Greg talk to one for the first time on Oh My Fraud. Anthony Menendez, “The Accountant Who Beat Halliburton,” recounts his saga as a whistleblower, and shares the many lessons he learned along his journey.SponsorsWebgility - ohmyfraud.promo/webgility Chapters(00:00) - Welcome to Oh My Fraud (01:21) - The Halliburton Episode: A Prelude (02:54) - Meet Tony Menendez: The Accountant Who Took on Halliburton (04:27) - Tony's Early Life and Unexpected Path to Accounting (09:22) - The Sarbanes-Oxley Era and Its Impact on Tony's Career (11:21) - Tony's Transition to Halliburton and Initial Skepticism (23:52) - Uncovering Accounting Irregularities at Halliburton (29:20) - The Bill and Hold Controversy Explained (37:14) - Raising Concerns and the Fallouts (41:36) - The Fallout: Navigating Corporate Politics and Email Warnings (46:37) - The SEC Steps In: A Whistleblower's Hope and Disappointment (01:06:00) - The Fight for Whistleblower Rights: A Personal Battle (01:11:25) - The Verdict: A Crushing Blow to Whistleblower Protections (01:16:37) - Taking Matters into His Own Hands: The Appeal Process (01:18:27) - A Glimmer of Hope: Winning the Appeal (01:20:34) - Back to Square One: The Lower Court's Stubborn Stance (01:23:46) - A Final Victory? The Appeals Court's Decision (01:29:25) - The Aftermath: Life After Whistleblowing (01:34:12) - A New Chapter: From Whistleblower to Professor (01:37:23) - Thanks for Listening and Remember to Rate & Subscribe CONNECT WITH TONYLinkedIn: https://www.linkedin.com/in/anthonyjmenendezLMU - https://cba.lmu.edu/academics//faculty/anthony.menendezHOW 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.comReferences:The Whistleblower’s Tale: How An Accountant Took on Halliburton [ProPublica]He fought Halliburton and won [Fraud Magazine]I am a Halliburton Whistleblower. I fought them for 9 years and (eventually) won. Ask Me Anything. [Reddit]Anthony J. Menendez [LinkedIn]Anthony Menendez [Loyola Marymount University]

Everyone dreams of winning the lottery. Some may even fantasize about trying to game the system. But only a very small few actually have the opportunity to tip the odds in their favor. In this episode, Caleb and Greg discuss an audacious scheme to rig the Iowa lottery.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 Winning Ticket — by Rob Sand with Reid Forgrave'Hot Lotto' scammer Eddie Tipton paroled after 5 years in Iowa prison — Des Moines RegisterThe Untold Story of How a Gaming Geek with a Checkered Past Pulled Off the Biggest Lottery Scam in US History — Des Moines RegisterLotteries in the United States — WikipediaLottery machine - Wikipedia — Wikipediahttps://www.youtube.com/watch?v=go-0mkWNrlk — PowerBall YouTube Channelhttps://www.youtube.com/watch?v=dRNpRgMiVQU — Mega Millions YouTube ChannelLotto America Moves to Digital Drawings — PowerBallLotto America — Wikipedia1980 Pennsylvania Lottery scandal — Wikipedia

Chances are, you probably remember a massive fraud from the late 2000s that created a media circus. Just maybe not this one. In this episode, Caleb and Greg delve into a saga of Allen Stanford, the mastermind of a convoluted, multi-decade, multi-billion-dollar Ponzi scheme.SponsorsAirbase - https://ohmyfraud.promo/airbase 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:James Stanford [Obituary]Stanford's Failed Health Club [BusinessWeek via WayBack Machine]The Dark Knight [Texas Monthly]Not Quite Cricket [The New Yorker]Stanford Financial Group [Wikipedia]Viewing Financial Crimes as Economic Homicide [NYT]Cook Islands, a Paradise of Untouchable Assets [NYT]United States v. Robert Allen Stanford et al. [SEC]Warning signs showed Stanford empire was built on 'threats and innuendos' [The Guardian]Handcuffed Stanford pleads not guilty [ESPNcricinfo]Seven charges against Allen Stanford are dropped [BBC]Allen Stanford ruled unfit to stand trial for fraud [BBC]Judge weighs whether Allen Stanford fit for trial [Reuters]Defiant US fraudster Allen Stanford vows to clear name [BBC]The Rise and Fall of Allen Stanford [Ministry Watch]TD Bank reaches $1.2 billion settlement in Ponzi scheme lawsuit [CNN]After 15 years of motions and delays, trial for Stanford Trust fraud could happen next year [The Advocate]

Celebrities Courtney Love and Kevin Hart share their experiences of falling victim to fraud. They discuss financial losses, exploitation, lawsuits, and personal struggles. Kevin Hart talks about his busy schedule and the case of his personal shopper who stole over $1 million. The podcast emphasizes the importance of financial literacy and taking responsibility for one's finances. The hosts also discuss a business spend solution and virtual credit cards for added security.