Oh My Fraud

Thank you to our sponsor, XeroTo learn more go to  http://ohmyfraud.promo/xeroThank you to our sponsor RuBook CreativeUse PROMO CODE - OHMY at checkout to receive 10% off your next orderhttps://www.ohmyfraud.promo/rubookHOW 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:Koss HistoryKoss Corporation - Company Profile, Information, Business Description, History, Background Information on Koss Corporation [Reference for Business]All The Right Moves [Inc.]The Diva [Milwaukee]Former Koss Corporation Executive Charged in $31 Million Dollar Fraud [FBI]United States of America v. Sujata Sachdeva via Tracy CoenenHow an embezzler stole millions from a small company [AccountingWeb]Theft at Koss blamed on relaxed attitude, lax oversight [MJS]SEC v. Koss Corporation and Michael J. Koss [Securities and Exchange Commission]Publicly owned and family-run [Family Business]Sachdeva pleads guilty, says she regrets fraud [MJS]Koss embezzler feared discovery from start [MJS]Former Koss Corp. executive Sachdeva sentenced to 11 years in prison [MJS]SEC Charges Two Accounting Professionals at Milwaukee-Based Company with Fraud [SEC]Koss sues former executive, auditor over alleged embezzlement [MJS]Koss settles claims against former auditor Grant Thornton [MJS]Sachdeva out of prison after serving six years for stealing $34 million from Koss Corp. [MJS]Koss family around $30 million from Reddit-fueled stock market frenzy -- more than the company was worth at the end of 2020 [MJS]Koss Corporation 10-K YE June 30, 2022 [SEC]John C. Koss, Stereo Headphone Innovator, Is Dead at 91 [NYT]Chapter 7 versus Chapter 11: Know the Difference — Investopedia

Thank you to our sponsor, XeroTo learn more go to  http://ohmyfraud.promo/xeroThank you to our sponsor RuBook Creative Use PROMO CODE - OHMY at checkout to receive 10% off your next orderhttps://www.ohmyfraud.promo/rubookHOW 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: The Sandy Jenkins Embezzlement Scandal [Collin Street Bakery, March 2022]IN THE MATTER OF THE MARRIAGE OF KAY JENKINS AND SANDY JENKINS [Navarro County Texas]Sticky Fingers/Life in the Fraud Lane [American Greed]Kay Jenkins seeks divorce [Corsicana Daily Sun, August 15, 2013]Just Desserts — Texas Monthly 01/2016Diamond Sandy: Jenkin’s jewelry bills were out of this world — Corsicana Daily Sun 11/13/2013Corsicana home of Sandy Jenkins goes on market — Corsicana Daily Sun 02/21/2014Jenkins details luxury lifestyle — Corsicana Daily Sun 05/06/2014Ex-fruitcake executive sentenced for embezzling $17 million — Daily Mail 09/19/2015The $50,000-a-year bakery employee who stole $16M from from work — Daily Mail 03/14/2024Former Collins Street Bakery Executive and Wife Sentenced — FBI 09/16/2015Wife of Former Executive at Collins Street Bakery Pleads Guilty — DOJ 06/01/2015Ex-Texas Fruitcake Executive Sentenced for $16.6 Million Fraud — NBC News 09/17/2015$17 million stolen from famous fruitcake bakery — Weatherford Democrat 07/25/2013Fruitcake executive sentenced to 10 years — NY Daily News 09/17/2015Collin Street Bakery — WikipediaUtah Wage Garnishment Laws — NOLO

When she was growing up, Tracy Coenen wanted to be a prison warden. It didn’t quite work out that way, but she still deals with bad guys on a daily basis. Caleb and Greg talk with Tracy about interning with the IRS, how she made it as a forensic accountant, and why “You knew I was an idiot when you married me” is not a valid excuse when getting divorced.  SPONSORSThank you to our sponsor, XeroTo learn more go to  http://ohmyfraud.promo/xeroListen To The Drunk Ethics Podcast - https://drunkethics.com/Thank you to our sponsor, SoftLedger : Mention Oh My Fraud and get 25% off of your first 3 months, visit https://ohmyfraud.promo/softledgerLearn about the Divorce Money Guide  : https://www.fraudcoach.com/divorcemoneyguideConnect with Tracy Coenen : Instagram : https://www.instagram.com/divorcemoneyguide Linkedin : https://www.linkedin.com/in/tracycoenenhttps://www.sequenceinc.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.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.com

SPONSORSThank you to our sponsor, XeroTo learn more go to  http://ohmyfraud.promo/xeroListen To The Drunk Ethics Podcast - https://drunkethics.com/Thank you to our sponsor, SoftLedger : Mention Oh My Fraud and get 25% off of your first 3 months, visit https://ohmyfraud.promo/softledgerThank you to our sponsor, Patriot : to learn more and get a 30 day free trial visit https://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:Oral History of Terry Johnson [Computer History Museum]Oral History of John Squires [Computer History Museum]Miniscribe 2012 Brochure [Internet Archive]Great frauds in history: Quentin Thomas Wiles and MiniScribe [MoneyWeek]One of the Biggest Frauds in Tech History - The Miniscribe Fiasco [YouTube]United States v. Wiles [CaseText]MINISCRIBE REPORT DESCRIBES 'MASSIVE FRAUD' [WaPo]Fraud Is Cited at Miniscribe [AP]Panel Alleges ‘Massive Fraud’ Committed by Ex-MiniScribe Officials [Reuters]Maxtor Acquires Miniscribe Assets [Reuters]Large Award in Miniscribe Fraud Suit [NYT]A $128.1 Million Settlement Reached in Miniscribe Case [AP]Wiles Convicted of Fraud in MiniScribe Case [LAT]Terry Johnson, founder of Longmont’s MiniScribe, found dead in Canada [DC]

Thank you to our sponsor, XeroTo learn more go to  http://ohmyfraud.promo/xeroThank you to our sponsor, SoftLedger : Mention Oh My Fraud and get 25% off of your first 3 months, visit https://ohmyfraud.promo/softledger Thank you to our sponsor, Patriot : to learn more and get a 30 day free trial visit https://ohmyfraud.promo/patriotPre-order Kelly's new book! : https://www.barnesandnoble.com/w/fool-me-once-kelly-richmond-pope/1142043652?ean=9781647823917Connect with Kelly : Kelly Richmond PopeLinkedIn: https://www.linkedin.com/in/kelly-richmond-pope-cpa-83689a5/Twitter: https://twitter.com/kellyrpopeKelly's TEDx Talk https://www.ted.com/talks/kelly_richmond_pope_how_whistle_blowers_shape_history?language=enAll the Queen's Horses - Website: https://www.allthequeenshorsesfilm.com/All the Queen's Horses - YouTube: https://youtu.be/dpr2A3S3CNkHOW 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.com

A Word from Our SponsorsThank you to our sponsor, LiveFlow : To learn more about LiveFlow and how you can save 20% off your first 3 months go to  https://ohmyfraud.promo/liveflowThank you to our sponsor, SoftLedger : Mention Oh My Fraud and get 25% off of your first 3 months, visit https://ohmyfraud.promo/softledger   Thank you to our sponsor, Patriot : to learn more and get a 30 day free trial visit https://ohmyfraud.promo/patriot *Caleb here: Neither Greg and I are from Texas and clearly neither of us looked at a map of Texas before we recorded this podcast. Then you look at a map, and San Antonio isn’t really in west Texas. It’s more like south-central Texas. Apologies to west Texas. Or maybe to San Antonio? Either way, no one there is paying state income tax.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.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 :Local employment firms accused in $66 million tax fraud [MySA]Patrick Mire, 1/24/2011Guilty plea in $70 million fraud case in S.A. [MySA]Patrick Mire, 11/3/2011Former executive indicted in $110 million tax fraud [MySA]John Bean, 8/20/2012Pircher guilty plea [DOJ]11/21/2013Kimes guilty plea [DOJ]1/16/2014Sentences for Bean, Mire, Solis, and Walker [DOJ] 2/21/2014San Antonio Businessmen Sentenced to Federal Prison for Fraud and Tax Scheme Involving More Than $130 Million in Real-Dollar Losses [FBI] Pircher and Kimes sentencing, 4/15/2014Ringleaders of $133M fraud headed to prison [SAEN]Professional Employer Organization: Wikipedia.orgRingleader guilty in S.A.’s largest ever fraud case: MYSAAre you personally liable for your company’s payroll taxes?: Friedman LLPCan the IRS pierce the corporate veil?: Dale S. Goldberg, CPACriminal Tax Manual [DOJ]

A Word from Our SponsorThank you to our sponsor, LiveFlow : to learn more about LiveFlow and how you can save 20% off your first 3 months go to  https://ohmyfraud.promo/liveflow______________________________________________________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.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 GUESTS : https://www.zuckermanlaw.com/JASON ZUCKERMAN jzuckerman@zuckermanlaw.comMatthew Stock, CPA, CFEmstock@zuckermanlaw.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.com

A Word from Our SponsorThank you to our sponsor, LiveFlow : to learn more about LiveFlow and how you can save 20% off your first 3 months go to  https://ohmyfraud.promo/liveflow______________________________________________________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.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.com___________________________________________________Sources:A rising actor, fake HBO deals and one of Hollywood’s most audacious Ponzi schemes [LAT]SXSW: 1inMM, Alebrije Team to Form One Key Entertainment [Variety]Hollywood grifter: the actor who took Tinseltown for a Ponzi scheme ride [The Guardian]RISE AND SHINE: ZACH AVERY TALKS ABOUT SHOW BUSINESS, FATHERHOOD, AND WHAT IT TAKES TO FOLLOW YOUR PASSION [Swagger]How Actors Zach Avery & Phil Haus, Thrive and Succeed As Celebrity Turned Entrepreneurs [Medium]USA v. Zachary J. Horowitz [Criminal Complaint/PDF]SEC Obtains Emergency Asset Freeze, Charges Actor with Operating a $690 Million Ponzi Scheme [SEC Press Release]SEC v. Zachary Horwitz [SEC Complaint]Beverlywood Man Arrested for Allegedly Bilking Investors by Falsely Claiming to License Latin American Film Rights to Netflix and HBO [DOJ]Beverlywood Man Pleads Guilty to Securities Fraud, Admitting Massive Ponzi that Falsely Claimed to License Foreign Film Rights [DOJ]L.A. Man Sentenced to 20 Years in Federal Prison for $650 Million Ponzi Scheme that Falsely Claimed to License Foreign Film Rights [DOJ]Zach Avery [IMDB]

A Word from Our SponsorThank you to our sponsor, LiveFlow : to learn more about LiveFlow and how you can save 20% off your first 3 months go to  https://ohmyfraud.promo/liveflow________________________________Connect with Gary Weiss :Twitter : https://twitter.com/gary_weiss Buy Garry's Book : Retail GangsterWebsite : https://www.gary-weiss.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.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.com______________________________________Transcript available upon request 

SPONSORSDark Horse CPA https://ohmyfraud.promo/darkhorsecpaREFERENCESClifton 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 SPONSORDark 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________________________________________________________________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.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.com______________________________________Transcript available upon request