Oh My Fraud

SponsorsCaleb and Greg discuss a beloved oenophile who was shaking up the stuffy world of high-end wine collectors by buying and selling large quantities of sought after bottles. 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 great wine fraud - The GuardianSouthern District of New York | Wine Dealer Rudy Kurniawan Convicted In Manhattan Federal Court For Creating And Selling Millions Of Dollars Of Counterfeit Wine | United States Department of Justice - DOJSouthern District of New York | Prominent Wine Dealer Rudy Kurniawan Sentenced In Manhattan Federal Court To 10 Years In Prison For Selling Millions Of Dollars Of Counterfeit Wine - DOJManhattan U.S. Attorney And FBI Assistant Director-In-Charge Announce Charges Against Wine Dealer For Multi-Million Dollar Fraud Schemes - DOJSour Grapes - Documentary Film currently available on PeacockHow Long Can A Wine Be Stored And When Is It Ready To Drink? - rarewineinvest.com History Of The Wine Investment Market - BiBOHow Rudy Kurniawan Fooled the Wine World - Wine EnthusiastThe F.B.I. Has an Art Crime Team. And These Days, It’s Busy - NYTBillionaire Koch brother's crusade against counterfeit wine - CBS NewsIn Vino Duplicitas: The Rise and Fall of a Wine Forger Extraordinaire - Book by Peter Hellman

Caleb and Greg talk to one of their fraud podcasting forebears, investigator Chris Marquet. Chris hosted the Fraud Talk podcast in 2014 and 2015, basing the show on discussions of fraud topics with various experts and decades of his professional experience.Sponsors 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 ChrisLinkedIn: https://www.linkedin.com/in/chris-marquet-4262533Fraud Talk Podcast: https://www.voiceamerica.com/show/2349/fraudtalkConnect 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

There is no greater affront to American society than the scammed celebrity. In this episode, Caleb and Greg discuss two cases of famous entertainers—singer/songwriter Billy Joel and standup comedian Dane Cook—who were both betrayed and swindled by someone they should’ve been able to trust: their business managers.Sponsors 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:Billy Joel Billy Joel [Wikipedia] How Billy Joel’s three wives stole his heart and his money [New York Post] Billy Joel Sues Former Manager for $90 Million [Los Angeles Times] Billy Joel's ''River of Dreams'' [Entertainment Weekly] Billy Joel on Not Working and Not Giving Up Drinking [New York Times Magazine] Dane Cook Dane Cook [Wikipedia] Relative embezzled millions from actor [The Boston Globe] Woman sentenced in Cook thefts [UPI] Dane Cook's half-brother, sister-in-law must repay $12 million [CNN] 'Jeopardy ' Posed a Question About Dane Cook's Convicted Half-Brother — See His Shocked Reaction [People] Dane Cook's Brother Stole MILLIONS From Him [Your Mom’s House]

What do you get when you mix a polygamous cult, biofuel, and federal tax credits? Sure, maybe the worst orgy you’ve ever been to, but also: a gigantic fraud. Caleb and Greg discuss all of this and more in this episode.Sponsors 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: Leader of $1 Billion Polygamist Fraud Gets 40 Years in Prison - BloombergA multimillion-dollar biofuel fraud began with a cowboy hat and a slew of seafood, Jacob Kingston testifies - Salt Lake Tribune Jacob Kingston testifies about his polygamous sect and the birth of a multimillion-dollar tax scam - Salt Lake TribuneGirls in polygamous Kingston Group continue to marry as young as 15, records show, sometimes leaving Utah to marry cousins - Salt Lake TribuneFallout from Washakie fraud could cost polygamous Kingston Group members their businesses and homes - Salt Lake TribunePolygamous Kingston Group may have swiped ‘millions’ in student aid, lawsuit says - Salt Lake TribuneFeds move to seize homes and businesses from polygamous Kingston Group as fraud defendants plead guilty - Salt Lake TribuneLos Angeles Businessman, Utah Fuel Plant Operators and Employees Sentenced to Prison for Billion-Dollar Biofuel Tax Fraud Scheme - DOJ Inside “the Order,” One Mormon Cult’s Secret Empire - Rolling Stone What Religion are the Stars of Sister Wives? - In Touch WeeklyThe Latter Day Church of Christ - WikipediaBlood Cult - Southern Poverty Law CenterWashakie Renewable Energy - About.MeDiesel Vehicles Using Biodiesel - Alternative Fuels Data CenterBiodiesel Fuel Basics - Alternative Fuels Data CenterBiodiesel Production and Distribution - Alternative Fuels Data CenterKingston clan: Unlikely whistleblower helps uncover alleged half-billion tax scam by secretive polygamist sect members - CBS News - CBS News

In previous episodes Caleb and Greg have discussed the rampant fraud in the Paycheck Protection Program (PPP). But in this episode, the guys discuss a much less talked about program that was also subject to a lot of pandemic relief fraud: Economic Injury Disaster Loans (EIDL). Sponsors 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: 1980 Grand Island tornado outbreak [Wikipedia] Economic Injury Disaster Loans [SBA] Business Physical Disaster Loans [SBA] Current Declared Disasters [SBA] Coronavirus Aid, Relief, and Economic Security Act Paycheck Protection Program and Health Care Enhancement Act ​​Disaster Assistance Upate Nationwide COVID EIDL, Targeted EIDL Advances, Supplemental Targeted Advances April 28, 2022 [SBA] Inspection of Small Business Administration’s Initial Disaster Assistance Response to the Coronavirus Pandemic  COVID-19 EIDL Program Recipients on the Department of Treasury’s Do Not Pay List Georgia man admits submitting false information to obtain COVID-19 disaster relief funding [DOJ] Georgia man who used COVID relief funds to buy Pokemon card sentenced to prison [DOJ] He Spent $57,000 in Covid Relief on a Pokémon Card. Now the U.S. Owns It. [NYT] Florida Man [Wikipedia] Florida Man Beats Out Heart Disease As Nation's No. 1 Killer [The Onion] Florida ‘Don’t Say Gay’ forced disclosure amendment withdrawn [WFLA] Florida State Representative Indicted For Wire Fraud, Money Laundering, And Making False Statements [DOJ] Florida Lawmaker Charged With Pandemic Aid Fraud [NYT] State Rep. Joe Harding resigns after federal indictment for wire fraud [TBT] Former Florida State Representative Pleads Guilty To Wire Fraud, Money Laundering, And Making False Statements In Connection With Covid-19 Relief Fraud [DOJ] North-Central Florida Blimp Company Executive Sentenced To Over Five Years In Federal Prison For COVID-19 Relief Fraud [DOJ] Florida blimp executive, relative of former state lawmaker, sentenced to federal prison in pandemic fraud [SFSS] PostscriptSince we recorded this episode, there have been a couple developments:1. The Small Business Administration released a new report entitled "COVID-19 Pandemic EIDL and PPP Loan Fraud Landscape" on June 27, 2023. It estimates that the total amount of fraud between EIDL and PPP is ~$200 billion.2. Former Florida Representative Joe Harding requested that his sentencing be pushed back a couple months. He still faces a maximum sentence of 35 years after pleading guilty to wire fraud, money laundering and making false statements about COVID-19 relief aid he received.

Throughout history, men have been driven mad in their search for gold. Much to Caleb and Greg’s surprise, that continued well into the 20th Century. And that madness was perhaps best exemplified by the men behind Bre-X Minerals, and their quest to find an enormous gold deposit on the island of Borneo.Sponsors 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.comResources: -Bre-X: The real story and scandal that inspired the movie Gold - Calgary Herald-The Bre-X Gold Scandal — Thought Co.-Bre-X — Wikipedia-JPMorgan Chase through it had $1.3 million of nickel, but they were all bags of stones — Business Insider-The Biggest Gold Mining Scandal in History — Gold Avenue-Great Frauds in History: The Bre-X Gold Mining Scandal — Money Week-A Lode of Lies: How Bre-X Fooled Everyone — Washington Post-The $6 Billion Gold Mine that Wasn’t — Slate

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://mays.tamu.edu/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 Profession Elizabeth Holmes and the Perils of Success How To Lose a Profession Elon Musk and the five fallacies of thinking Blue Bell story one of accountability Barry and Me A return to the dark side Bottom Line Ethics Harambe 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 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 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/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 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 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/trimerit South 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/

From the outside, the art world can seem enticing, glamorous, and sophisticated. But the story can be very different behind the scenes. Caleb and Greg discuss the tale of Inigo Philbrick, a young, brash dealmaker whose reputation grew quickly, only to crash and burn in spectacular fashion.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 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: In search of Inigo Philbrick, the disappearing art dealer [GQ] Rudolf Stingel Painting at Center of Inigo Philbrick Lawsuit Faces Another Ownership Claim [ARTnews] Who Is Inigo Philbrick? Meet the Man Behind One of the Biggest Potential Modern Art Scandals [ARTnews] The Talented Mr. Philbrick [NYT] What Did Inigo Philbrick Do? How One Precocious Dealer Allegedly Swindled the Art Market’s Savviest Players Out of Millions [Artnet] High-End Art Dealer Accused of Defrauding Basquiat Investor [Bloomberg] United States of America v. Inigo Philbrick [Justice.gov] Where’s Inigo? As a Furious Art World Searches for the Disappeared Dealer, Kenny Schachter Finds Him… on Instagram [Artnet News] Art Dealer Inigo Philbrick Has Vanished in a Cloud of Scandal [Bloomberg] Inigo Philbrick [Art Bust] The Art World’s Mini-Madoff and Me [Vulture] Fugitive Art Dealer Arrested on Pacific Island in Fraud Case [Bloomberg] Art Dealer Inigo Philbrick Will Be Kept In US Custody After His Fiancée’s Family’s Bahamas Real Estate Was Rejected as Bail Collateral [Artnet] In a Shift, Notorious Art Dealer Inigo Philbrick Set to Plead Guilty to Criminal Charges in Federal Court This Week [Artnet] Former London And Miami Art Dealer Pleads Guilty To Defrauding Art Buyers And Financers Of More Than $86 Million [Justice.gov] ‘He’s sabotaged his entire life for greed’: the $86m rise and fall of Inigo Philbrick [Guardian] Former Art Dealer Sentenced To 7 Years For $86 Million Fraud Scheme [Justice.gov] Speculators Win Big With Bets on Young Artists - NYT Business Partner Of Art Dealer Inigo Philbrick Pleads Guilty To Defrauding Art Buyers And Financers [Justice.gov] Leading artists worldwide in 2021, by auction revenue - Statista Half of Van Gogh’s art has been purchased by Chinese collectors and speculators - The Art Newspaper

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/trimeritPatriot 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 release SEC order Ernst & 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 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

Caleb grew up in farm country, and Greg did not. No problem, though, together they talk through a case of a large ranching operation at the center of a massive fraud. SponsorsTri-Merit - https://ohmyfraud.promo/trimeritPatriot 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: Betting the Ranch - High Country News Rancher takes $244 million from Tyson Foods in ghost cattle scam - KKTV Colorado Springs Tri-Cities Rancher Sentenced to Eleven Years in Federal Prison and Ordered to Pay $244 Million in Restitution for “Ghost Cattle” Fraud - DOJ Rancher Sentenced for Running $244 Million “Ghost Cattle Scam - DOJ Eastern Washington Cattle Rancher Sentenced to 11 Years in Prison for 'Ghost Cattle' Scam - Big Country News Easterday Farms Website Winning Bid on Easterday Assets: $209M - Progressive Farmer Washington Man Pleads Guilty in $244 Million Ghost Cattle Scam - DOJ Court Documents on Sentencing and Restitution - U.S. District Court Other Court Documents & Information - U.S. District Court Types of Beef Cattle Operations - CAERT Inc. Beef Cattle Production - UC Davis https://www.investopedia.com/terms/s/speculator.asp https://www.cmegroup.com/education/courses/introduction-to-futures/understanding-the-role-of-speculators.html https://en.wikipedia.org/wiki/Speculation https://www.investopedia.com/ask/answers/06/forwardsandfutures.asp#:~:text=A%20forward%20contract%20is%20a,the%20end%20of%20the%20contract https://www.investopedia.com/terms/d/delivery-point.asp#:~:text=The%20futures%20contract%20buyers%20who,physical%20delivery%20of%20the%20asset. 

Caleb and Greg conclude their discussion of distinguished professor and author Dan Ariely and the issues raised around one of his most notable works. You might call it: “The Case of the Dishonesty Professor and The Screwy Data.”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: Evidence of Fraud in an Influential Field Experiment About Dishonesty — Data Colada blogA study on dishonesty was Based on fraudulent data — The EconomistAre we in control of our decisions? — Dan Ariely TED TalkWhy we think it’s OK to cheat and steal (sometimes) — Dan Ariely TED TalkThe Honest Truth About Dishonesty — Book by Dan ArielyPredictably Irrational — Book by Dan ArielyA Famous Honesty Researcher Is Retracting A Study Over Fake Data — BuzzfeedBehavioral researcher says he ‘undoubtedly made a mistake’ in false data scandal — The Times of IsraelWhen We’re Wrong, It’s Our Responsibility as Scientists to Say So — Scientific AmericanSigning at the end versus the beginning does not decrease dishonesty — PNAS 

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.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: Evidence of Fraud in an Influential Field Experiment About Dishonesty — Data Colada blogA study on dishonesty was Based on fraudulent data — The EconomistAre we in control of our decisions? — Dan Ariely TED TalkWhy we think it’s OK to cheat and steal (sometimes) — Dan Ariely TED TalkThe Honest Truth About Dishonesty — Book by Dan ArielyPredictably Irrational — Book by Dan ArielyA Famous Honesty Researcher Is Retracting A Study Over Fake Data — BuzzfeedBehavioral researcher says he ‘undoubtedly made a mistake’ in false data scandal — The Times of IsraelWhen We’re Wrong, It’s Our Responsibility as Scientists to Say So — Scientific AmericanSigning at the end versus the beginning does not decrease dishonesty — PNAS

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 History Koss 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 Coenen How 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