Oh My Fraud

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 

SPONSORSDark Horse CPA https://ohmyfraud.promo/darkhorsecpaREFERENCESWikipedia: Salad Oil Scandal: https://en.wikipedia.org/wiki/Salad_Oil_scandalBest Frauds in History: Tino De Angelis’ salad-oil scam: https://moneyweek.com/investments/investment-strategy/601677/great-frauds-in-history-tino-de-angelis-salad-oil-scandalHow Salad Oil Amost Crashed the U.S. Economy: https://medium.com/@madmedic11671/how-salad-oil-almost-crashed-the-u-s-economy-c3ed3c2cb797The Vanishing Salad Oil: A $100 Million Mystery: https://www.nytimes.com/1964/01/06/archives/the-vanishing-salad-oil-a-100-million-mystery.htmlThe Great Vegetable-Oil Mystery; Scandal, Now One Year Old, Remains a Financial Maze: https://www.nytimes.com/1964/11/15/archives/the-great-vegetableoil-mystery-scandal-now-one-year-old-remains-a.htmlSalad Oil Swindle! https://nymag.com/news/features/scandals/salad-oil-2012-4/Investopedia: Salad Oil Scandal: https://www.investopedia.com/terms/s/saladoilscandal.aspHow The Salad Oil Swindle Of 1963 Nearly Crippled the NYSE: https://www.businessinsider.com/the-great-salad-oil-scandal-of-1963-2013-11TIME: The Man Who Fooled Everybody: https://web.archive.org/web/20071015042003/http://www.time.com/time/magazine/article/0,9171,898315,00.html ACFE 2022 Report to the Nations: https://legacy.acfe.com/report-to-the-nations/2022/ 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 

SPONSORSJirav https://ohmyfraud.promo/jiravREFERENCESComplaint against David T. HinesDOJ press release for charges against David T. Hines. DOJ press release for guilty plea of David T. HinesDOJ press release for sentencing of David T. HinesHow Bad Was Virus Aid Fraud? One Banker Was ‘Frustrated With Humanity’ [NYT]The $800 Billion Paycheck Protection Program: Where Did the Money Go and Why Did it Go There? [NBER]Did FinTech Lenders Facilitate PPP Fraud? [via NYT]'Biggest fraud in a generation': The looting of the Covid relief plan known as PPP [NBC]Tarzana Couple flees while under house arrest for PPP fraud — LA TimesThree fugitives captured in Montenegro - NBC NewsHOW 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/______________________________________________________Full transcript available upon request