Badges of Fraud

Okay, let’s get this part out of the way first. This blog is NOT to help you commit fraud (just have to clarify this), but to help you understand what the IRS “flags” or declares “Badges of Fraud”. My fraud examination professor always joked (a joke, but clearly not a joke joke, you know what …

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Spain Says “Nae, Nae” to Lionel Messi

Have you seen the news lately? Lionel Messi (four-time player of the year in futball, soccer as we call it, plays for Barcelona & Argentina (only in the World Cup)) and his father Jorge are to stand trial in Spain on three counts of tax fraud. What did they do, you ask? They were accused …

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No more swiping means safer transactions, at least in person

Many of you may have received new credit cards recently which contain a small metallic square on the left front of the card. These are new EMV (Europay, Mastercard and Visa) cards which are being used to authenticate card transactions with computer chips and related technology. If you are like me, you didn’t even pay …

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Taxability of Identity Theft Protection Services

Recent years have brought a slew of high-profile data breaches of major organizations. Some of the largest breaches include Target, Anthem Health Care, Home Depot and most recently, Ashley Madison. Even the U.S. Government has not been immune, as the Office of Personnel Management suffered a major breach in June of 2015. These data breaches …

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Detection and Prevention of Fraud Schemes

Do you worry about the potential for fraud in your company? There is a fairly simple and affordable way to help prevent and detect fraud – through implementation of a “tip line.” Because tip lines encourage and facilitate anonymous reporting, they are a proven fraud deterrent that can be successfully implemented without burdensome effort or …

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IRS “Get Transcript” Fiasco Gets Worse

Following the Sarbanes Oxley Act more than a decade ago, security and fraud have been two of the cornerstone focuses of the accounting profession. Proper and secure system controls have become a necessity, not only for auditors and tax accountants, but for every profession in business. This may lead one to believe that the IRS, …

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Depositing Checks Remotely – The Banks are on Top of this, Right?

Ah, the convenience of depositing a check right from my phone. How much easier could it get? Log onto my account, choose remote deposit, snap a picture of the front and back of the check and ABRACADABRA my check is deposited. No getting out to the bank or finding a deposit slip. Once I receive …

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Fraud Prevention for Public Officials

The Arizona Auditor General’s office recently issued the first part of a three part series fraud alert discussing what public officials can do to help prevent fraud within their organization. The fraud alert series will focus on the fraud triangle elements of opportunity, pressure and rationalization. The recently issued alert discusses the first element, opportunity, …

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Cancer Charity Fraud Part I

Last Saturday while browsing the internet at a coffee shop, I came across any donor’s worst nightmare. According to the Federal Trade Commission (FTC), over the past eight years The Cancer Fund of America, The Cancer Support Services Inc., The Children’s Cancer Fund of America, Inc., and The Breast Cancer Society spent $187 million dollars …

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Did You Just Try to Scam a Forensic Accountant?

As a forensic accountant, I know that telephone scams are becoming increasingly more common. However, I was surprised when I actually received a phone call recently with an automated message stating that I needed to call back regarding a serious tax liability. Although I knew it was bogus, I called back and spoke to a …

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