Oh My Fraud

Professor Mike Shaub believes deeply that auditors have a duty to the public because they are Certified Public Accountants, not Certified Profitable Accountants. Caleb and Greg talk with Dr. Shaub about ethics, recent scandals in the accounting profession, whether auditors can be independent and objective, and more. SponsorsTri-Merit - https://ohmyfraud.promo/trimerit South Carolina Association of CPAs (SCACPA) - https://ohmyfraud.promo/scacpaHOW 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 Mike Schaub LinkedIn : https://www.linkedin.com/in/michael-shaubhttps://mays.tamu.edu/directory/mshaub/https://maystamuedu.wpenginepowered.com/ethics/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 Referenced Readings : How to Kill a ProfessionElizabeth Holmes and the Perils of SuccessHow To Lose a ProfessionElon Musk and the five fallacies of thinkingBlue Bell story one of accountabilityBarry and MeA return to the dark sideBottom Line EthicsHarambe and Pollyanna

The life of Tejano icon Selena has been chronicled in multiple feature and documentary films. In this episode, Caleb and Greg discuss the story of how her tragic death can be traced back to allegations of embezzlement by the president of her fan club and murderer, Yolanda Saldívar. SponsorsTri-Merit - https://ohmyfraud.promo/trimerit LiveFlow - https://ohmyfraud.promo/liveflow South Carolina Association of CPAs (SCACPA) - https://ohmyfraud.promo/scacpaHOW 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: How Yolanda Saldívar's Obsession With Selena Turned Deadly - Biography Dot ComSelena kin testify Saldivar embezzled - UPIYolanda Saldivar - Wikipedia The Selena Etc. Boutique - Wikipedia Police detail standoff after Selena Shooting - Washington PostTejano Music - WikipediaMurder Suspect ‘Obsessed’ With Singer - The Spokesman-ReviewSelena List of Awards - Fandom.comSelena’s Grammy Awards - Recording Academy Grammy AwardsThe Queen is Dead - Texas MonthlySelena Embraced Her Heritage and Embraced Its Evolution in Style - Texas MonthlyWoman Who Murdered Singer Gets a Sentence of Life in Prison - NYT

It seems that fraud is always in the news, but how much fraud is happening that we don’t know about? How could someone even figure that out? Believe it or not, people have tried, and in this episode, Caleb and Greg discuss a recent attempt to quantify how pervasive fraud is in corporate America. SponsorsTri-Merit - https://ohmyfraud.promo/trimerit LiveFlow - https://ohmyfraud.promo/liveflow South Carolina Association of CPAs (SCACPA) - https://ohmyfraud.promo/scacpaHOW 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:How pervasive is corporate fraud? [SpringerLink]Just How Common Is Corporate Fraud? [NYT]Sarbanes–Oxley Act [Wikipedia]Market Capitalization [Investopedia]

It’s Paycheck Protection Program Fraud, the sequel! Caleb and Greg explore more PPP fraud in this episode, including a repeat repeat offender, a big conspiracy, funny farm names, and more.  SponsorsTri-Merit - https://ohmyfraud.promo/trimeritLiveFlow - https://ohmyfraud.promo/liveflowSouth Carolina Association of CPAs (SCACPA) - https://ohmyfraud.promo/scacpaHOW 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.comPrevious OMF episode:A Plethora of Pandemic PPP FraudSources:How the Paycheck Protection Program went from good intentions to a huge free-for-all [NPR]Man Awaiting Trial for Covid-19 Bank Fraud Does It Again, Authorities Say [NYT]Scott Township Man Pleads Guilty in $3,8 Million Fraud on the Payroll Protection Program [Justice.gov]Carnegie Man Sentenced to 6½ Years for $3.8 Million Paycheck Protection Program Fraud [Justice.gov]Woman Pleads Guilty for $43.8 Million COVID-19 Relief Fraud Scheme [Justice.gov]Man Convicted for $27 Million PPP Fraud Scheme [Justice.gov]Seminole County Man Extradited From Croatia To Face COVID Relief Fraud Charges [Justice.gov]Extradited Seminole County Man Sentenced To More Than Eight Years In Federal Prison For COVID Relief Fraud [Justice.gov]Hundreds of PPP Loans Went to Fake Farms in Absurd Places [ProPublica]Prosecutors Struggle to Catch Up to a Tidal Wave of Pandemic Fraud [NYT]Two Fintechs Fueled Extensive Pandemic Relief Fraud, House Report Finds [NYT]Kevin Bacon opens up about family losing most of their money in Madoff scheme [Spectrum News]

Think about your hometown deli. And then think about what kind of business your hometown deli would have to be to be a $100 million business. That is the case of Your Hometown Deli.SponsorsTri-Merit - https://ohmyfraud.promo/trimerit LiveFlow - https://ohmyfraud.promo/liveflow South Carolina Association of CPAs (SCACPA) - https://ohmyfraud.promo/scacpaHOW 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/Sources: Owners of a small deli are charged with fraud for valuing business at $100 million - NPR$100 million New Jersey deli scheme leads to U.S. fraud charges - Reuters$100 million New Jersey deli fugitive Peter Coker Jr. agrees to extradition from Thailand - CNBCThree men charged with fraud in $100 million New Jersey deli scheme - CNBC2020 10-K for Hometown International, Inc. - SECNew Jersey high school wrestling coach is CEO of $100 million firm that owns one deli - CNBC“Whatever it is, it’s not very good”: The strange, incredible case of the $100 million deli - Fast CompanyThe $100 Million Deli - NPR’s Planet MoneyFirst GameStop, Now a Jersey Delicatessen - The New YorkerThe Mystery of the $113 Million Deli - New York Times Magazine$100 million New Jersey deli owner Hometown International just announced a merger with a bioplastics firm - CNBCThat mysterious New Jersey deli once owned by a publicly traded company is closed, regulatory filing shows - CNBCPaul Morina’s bio - JMU Hall of FameKey investor in $100 million NJ deli has a history of legal problems, ties to criminals - CNBCJames Patten’s LinkedIn profile - LinkedInDavid Einhorn’s Greenlight Newsletter from April 15, 2021 - Greenlight NewsletterTwenty-Year Review of Audit and Non-Audit Fee Trends - Harvard Law School

When a big company fails due to fraud and it seems that a big audit firm dropped the ball, it won’t be long until Steve Thomas shows up to sue their pants off. Caleb and Greg talk to Steve about how his career evolved from becoming a partner at a white shoe law firm to starting a specialty practice that sues audit firms that have failed to detect frauds, and winning big settlements for his clients. SponsorsTri-Merit - https://ohmyfraud.promo/trimeritLiveFlow - https://ohmyfraud.promo/liveflowSouth Carolina Association of CPAs (SCACPA) - https://ohmyfraud.promo/scacpaLearn More About Steven Thomas:https://tafattorneys.com/The beach-house lawyer calling big auditors to accountHOW 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/

Dive into the intriguing rise and spectacular fall of Inigo Philbrick, a once-prominent player in the art world. Discover how his glamorous persona and risky deals led to multiple lawsuits and chaotic ownership claims. Unravel the secrets of art-backed loans and forged documents that fueled his downfall. Experience the drama of his eventual capture in Vanuatu and the ripple effects on his associates. This tale reveals the dark underbelly of the art market, where glamour often masks deception.

In this episode, Caleb and Greg discuss the saga of “Fat Leonard,” a contractor slash concierge slash fixer slash pimp for the United States Navy. SponsorsTri-Merit - https://ohmyfraud.promo/trimeritPatriot Software - http://ohmyfraud.promo/patriot South Carolina Association of CPAs (SCACPA) - https://ohmyfraud.promo/scacpaHOW 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.Launch the course on EarmarkCPE to get free CPE/CE for listening to this episode.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 : ohmyfraud@earmarkcpe.comSources: Fat Leonard Scandal — WikipediaFat Leonard Podcast - XPRX Project BrazenFat Leonard: Malaysian criminal in US Navy scandal recaptured after jail break — BBCTrials are finally wrapping up in the 'Fat Leonard' bribery case — NPRU.S. Navy Admiral Sentenced To Prison In Bribery Scandal — NPRProstitutes, vacations and cash: The Navy officials ‘Fat Leonard’ took down - Washington PostPenalties for Adultery — Military Law CenterDoD rules on gifts — U.S. Army

Certified Public Accountants (CPA) are highly regarded, ethical professionals trusted by businesses and individuals alike. But that doesn’t mean some aren’t capable of impressively unethical behavior. In this episode, Caleb and Greg discuss a case involving the mega accounting firm Ernst & Young that highlights behavior that’s not uncommon in the profession and what that means for accountants’ ethics more broadly.SponsorsTri-Merit - https://ohmyfraud.promo/trimerit LiveFlow - https://ohmyfraud.promo/liveflowPatriot Software - http://ohmyfraud.promo/patriotHOW 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.Launch the course on EarmarkCPE to get free CPE/CE for listening to this episode.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 : ohmyfraud@earmarkcpe.comSources:SEC press releaseSEC orderErnst & Young to Pay $100 Million Fine After Auditors Cheated on Ethics Exams [NYT]SEC Includes Novel Probe Into Lawyers’ Actions in EY Settlement [WSJ]

As a young person, Nathan Mueller was hyper-focused on wanting to make money. It was this ambition that eventually led to him perpetrating an $8 million embezzlement scheme in the mid-2000s. Caleb and Greg talk to Nathan about the fraud, prison life, and his new job as… an accountant.SPONSORSPatriot Software - http://ohmyfraud.promo/patriot LiveFlow - https://ohmyfraud.promo/liveflow South Carolina Association of CPAs (SCACPA) - https://ohmyfraud.promo/scacpaHOW 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.Launch the course on EarmarkCPE to get free CPE/CE for listening to this episode.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 Nathan Mueller Website: https://www.nathanjmueller.com/LinkedIn: https://www.linkedin.com/in/nathan-mueller-b87111b4CONNECT 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 : ohmyfraud@earmarkcpe.com