Oh My Fraud

Everyone dreams of winning the lottery. Some may even fantasize about trying to game the system. But only a very small few actually have the opportunity to tip the odds in their favor. In this episode, Caleb and Greg discuss an audacious scheme to rig the Iowa lottery.

HOW TO EARN FREE CPE

In 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/id1562599728
Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app

Questions? Need help? Email support@earmarkcpe.com.

CONNECT WITH THE HOSTS

Greg Kyte, CPA
Twitter: https://twitter.com/gregkyte
LinkedIn: https://www.linkedin.com/in/gregkyte/

Caleb Newquist
Twitter: https://twitter.com/cnewquist
LinkedIn: https://www.linkedin.com/in/calebnewquist/

Email us at ohmyfraud@earmarkcpe.com

Sources:
The Winning Ticket — by Rob Sand with Reid Forgrave

'Hot Lotto' scammer Eddie Tipton paroled after 5 years in Iowa prison — Des Moines Register

The Untold Story of How a Gaming Geek with a Checkered Past Pulled Off the Biggest Lottery Scam in US History — Des Moines Register

Lotteries in the United States — Wikipedia

Lottery machine - Wikipedia — Wikipedia

https://www.youtube.com/watch?v=go-0mkWNrlk — PowerBall YouTube Channel

https://www.youtube.com/watch?v=dRNpRgMiVQU — Mega Millions YouTube Channel

Lotto America Moves to Digital Drawings — PowerBall

Lotto America — Wikipedia

1980 Pennsylvania Lottery scandal — Wikipedia

Chances are, you probably remember a massive fraud from the late 2000s that created a media circus. Just maybe not this one. In this episode, Caleb and Greg delve into a saga of Allen Stanford, the mastermind of a convoluted, multi-decade, multi-billion-dollar Ponzi scheme.

Sponsors
Airbase - https://ohmyfraud.promo/airbase 

HOW TO EARN FREE CPE

In 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/id1562599728
Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app

Questions? Need help? Email support@earmarkcpe.com.

CONNECT WITH THE HOSTS

Greg Kyte, CPA
Twitter: https://twitter.com/gregkyte
LinkedIn: https://www.linkedin.com/in/gregkyte/

Caleb Newquist
Twitter: https://twitter.com/cnewquist
LinkedIn: https://www.linkedin.com/in/calebnewquist/

Email us at ohmyfraud@earmarkcpe.com

Sources:

• James Stanford [Obituary]
• Stanford's Failed Health Club [BusinessWeek via WayBack Machine]
• The Dark Knight [Texas Monthly]
• Not Quite Cricket [The New Yorker]
• Stanford Financial Group [Wikipedia]
• Viewing Financial Crimes as Economic Homicide [NYT]
• Cook Islands, a Paradise of Untouchable Assets [NYT]
• United States v. Robert Allen Stanford et al. [SEC]
• Warning signs showed Stanford empire was built on 'threats and innuendos' [The Guardian]
• Handcuffed Stanford pleads not guilty [ESPNcricinfo]
• Seven charges against Allen Stanford are dropped [BBC]
• Allen Stanford ruled unfit to stand trial for fraud [BBC]
• Judge weighs whether Allen Stanford fit for trial [Reuters]
• Defiant US fraudster Allen Stanford vows to clear name [BBC]
• The Rise and Fall of Allen Stanford [Ministry Watch]
• TD Bank reaches $1.2 billion settlement in Ponzi scheme lawsuit [CNN]
• After 15 years of motions and delays, trial for Stanford Trust fraud could happen next year [The Advocate]

Hollywood loves a sequel, so Caleb and Greg return with two more stories of celebrities who fell victim to fraud.

HOW TO EARN FREE CPE

In 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/id1562599728
Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app

Questions? Need help? Email support@earmarkcpe.com.

CONNECT WITH THE HOSTS

Greg Kyte, CPA
Twitter: https://twitter.com/gregkyte
LinkedIn: https://www.linkedin.com/in/gregkyte/

Caleb Newquist
Twitter: https://twitter.com/cnewquist
LinkedIn: https://www.linkedin.com/in/calebnewquist/

Email us at ohmyfraud@earmarkcpe.com

Sources:

Kevin Hart

• Kevin Hart Net Worth: Comedy, Movies, and Investing [MoneyMade]
• Kevin Hart's former personal shopper charged with $1 million in theft [USA Today]
• Top 10 Highest Grossing Comedy Tours of 2023 [Billboard]
• Kevin Hart is Forbes' highest-earning stand-up comedian of 2019 [UPI]
• 10 Richest Stand-up Comedians in the World [Comedyville]
• Kevin Hart doesn't have a brand. He is the brand [Los Angeles Times]
• CELEBRITY PERSONAL SHOPPER CHARGED WITH DEFRAUDING COMEDIAN KEVIN HART [Office of the District Attorney Queens County]

Courtney Love

• Courtney Love [Wikipedia]
• Courtney Love explains why you’ve got to do the math [Financial Times]
• Courtney Love [WTF with Marc Maron]
• LOVE GOES AFTER KURT ‘LOOTERS’ [New York Post]
• Courtney Love Labors to Get Back Kurt Cobain's MIA Fortune [E!]
• Courtney Love Sued Again for Defamation on Twitter [The Hollywood Reporter]
• Courtney Love Looks to Sue Ex-Attorney Over Bizarre Kurt Cobain Estate Fraud Claims [The Hollywood Reporter]
• Courtney Love Wins Twitter Defamation Trial [The Hollywood Reporter]

Correction: In this episode, Greg incorrectly refers to a musician who wears a giant mouse head with X's for eyes. The artist is Deadmau5 not Modest Mouse. We apologize to the horde or whoever. 

Cleaning dirty money may be as old as money itself. In this episode, Caleb and Greg discuss the history of money laundering, from ancient China to Prohibition to the greatest American political scandal of the 20th century.

HOW TO EARN FREE CPE

In 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/id1562599728
Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app

Questions? Need help? Email support@earmarkcpe.com.

CONNECT WITH THE HOSTS

Greg Kyte, CPA
Twitter: https://twitter.com/gregkyte
LinkedIn: https://www.linkedin.com/in/gregkyte/

Caleb Newquist
Twitter: https://twitter.com/cnewquist
LinkedIn: https://www.linkedin.com/in/calebnewquist/

Email us at ohmyfraud@earmarkcpe.com

Sources: 

The History Of Money Laundering: Know The Important Origin Of Money Laundering —  Financial Crime Academy

The Three Stages Of Money Laundering And How Money Laundering Works. — Financial Crime Academy

Penn Jillette Street Performing Millionaire — Anecdotage

The evolution of money laundering from ancient China to the internet — Grant Thornton Malta

Malta a ‘transit point’ for weapons trafficking from Southern Europe to North Africa — Malta Today 

Global Organized Crime Index 2023 — Global Initiative Against Transnational Organized Crime

Prohibition Profits Transformed the Mob — The Mob Museum

Prohibition — Wikipedia

The underworld laundromat: How to clean $10 million in mob money — National Post (Canada)

The "Secret" History of the Bank Secrecy Act — FTI Consulting

President Richard Nixon and the Watergate Scandal — For Dummies Website

Bank Secrecy Act — Wikipedia

Money Laundering Control Act (MLCA) Overview - Willkie Compliance

Three Elements That Must Be Proven in a Money Laundering Case — Sanction Scanner

During the Reconstruction era, legal, social, and political change was pervasive throughout the United States as it recovered from the Civil War and the end of slavery. In this episode, Caleb and Greg discuss the effort to help newly emancipated people with a service most of us take for granted today—banking.

HOW TO EARN FREE CPE

In 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/id1562599728
Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app

Questions? Need help? Email support@earmarkcpe.com.

CONNECT WITH THE HOSTS

Greg Kyte, CPA
Twitter: https://twitter.com/gregkyte
LinkedIn: https://www.linkedin.com/in/gregkyte/

Caleb Newquist
Twitter: https://twitter.com/cnewquist
LinkedIn: https://www.linkedin.com/in/calebnewquist/

Email us at ohmyfraud@earmarkcpe.com

Sources:

• Transcript of the Emancipation Proclamation [National Archives]
• End of slavery in the United States [Wikipedia]
• Juneteenth [Wikipedia]
• Thirteenth Amendment to the United States Constitution [Wikipedia]
• Reconstruction era [Wikipedia]
• Freedmen’s Bank [Britannica]
• Freedman's Savings Bank [Wikipedia]
• Freedman's Bank Building [US Department of the Treasury]
• The Freedman’s Bank Forum obscures the bank’s real history [Washington Post]
• “The hands are white that handle the money”: Review of Carl R. Osthaus, Freedmen, Philanthropy, and Fraud: A History of the Freedman’s Savings Bank [βιβλιοσκώληξ]
• (1876) “Committee on the Freedman’s Bank,” in Reports of Committees of the House of Representatives. Washington: Government Printing Office.
• (1880) United States Senate, Report of the Select Committee to Investigate the Freedman’s Savings and Trust Company. Washington: Government Printing Office.
• Freedman's Savings and Trust Company [Smithsonian Institution]

Caleb and Greg recount their favorite swindles, interviews, and culprits from the year that was Oh My Fraud 2023. 

HOW TO EARN FREE CPE

In 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/id1562599728
Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app

Questions? Need help? Email support@earmarkcpe.com.

CONNECT WITH THE HOSTS

Greg Kyte, CPA
Twitter: https://twitter.com/gregkyte
LinkedIn: https://www.linkedin.com/in/gregkyte/

Caleb Newquist
Twitter: https://twitter.com/cnewquist
LinkedIn: https://www.linkedin.com/in/calebnewquist/

Email us at ohmyfraud@earmarkcpe.com

Favorite Cases
https://ohmyfraud.com/episodes/high-steaks-fraud-the-case-of-easterday-farms
https://ohmyfraud.com/episodes/fat-shamming-the-guy-who-corrupted-the-u-s-navy

Favorite Perps
https://ohmyfraud.com/episodes/all-hat-and-no-cartel-the-case-of-dwi-dude
https://ohmyfraud.com/episodes/all-that-glitters-is-not-fraud-the-case-of-bre-x-minerals

Favorite Interviews
https://ohmyfraud.com/episodes/steven-thomas-the-lawyer-who-sues-the-big-4-for-missing-fraud-and-wins
https://ohmyfraud.com/episodes/meet-the-fraudster-nathan-mueller

Public schools are the foundation of American education, and few were better than Roslyn High School in Nassau County, New York. The school’s success was largely due to one man, its ambitious superintendent, Frank Tassone. But when Frank’s key lieutenant is caught up in a scandal, it threatens everything, even Frank.

HOW TO EARN FREE CPE

In 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/id1562599728
Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app

Questions? Need help? Email support@earmarkcpe.com.

CONNECT WITH THE HOSTS

Greg Kyte, CPA
Twitter: https://twitter.com/gregkyte
LinkedIn: https://www.linkedin.com/in/gregkyte/

Caleb Newquist
Twitter: https://twitter.com/cnewquist
LinkedIn: https://www.linkedin.com/in/calebnewquist/

Email us at ohmyfraud@earmarkcpe.com

Sources: 

-The Bad Superintendent — NY Magazine (best article) 

-The Real-Life Fraud Behind HBO's "Bad Education" — ACFE Insights 

-Where Are Pamela Gluckin And Frank Tassone, From The 'Bad Education' Embezzlement Scheme, Now? — Oxygen 

-On Top of the News at Roslyn High — The New York Times 

-Roslyn Union Free School District: Anatomy of A Scandal — Office of New York State Comptroller Scribd

-NYC Renter Household Incomes Grew Faster Than Rents Between 2014 and 2015 — NYU Furman Center Blog 

-Former Schools Chief of Roslyn Gets 4 to 12 Years in Fraud — NYT

-From the archives: Roslyn school district embezzlement — Newsday 

-Ex-administrator pleads guilty in embezzlement case — Associated Press

-Roslyn HS reporter who broke 'Bad Education' story speaks 16 years later - The Island Now — The Island Now

-Roslyn Union Free School Dist. v Jaspan Schlesinger Hoffman LLP — New York Court Records

-Four Indicted in Roslyn School District's Financial Scandal — NYT

-Bad Education: Hugh Jackman HBO film criticised by real-life subject for ‘sordid’ depiction of sexuality — The Independent

Correction: In this episode, Caleb incorrectly states the character played by Anthony Rapp in Rent. Rapp played Mark Cohen not Roger Davis. We apologize to all the theater nerds for the error.

A savvy Texas lawyer who’s made a name for himself defending people accused of drunk driving and marijuana possession tries his hand at high-end extradition cases involving Colombian drug lords. What could go wrong? Everything.

HOW TO EARN FREE CPE

In 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/id1562599728
Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app

Questions? Need help? Email support@earmarkcpe.com.

CONNECT WITH THE HOSTS

Greg Kyte, CPA
Twitter: https://twitter.com/gregkyte
LinkedIn: https://www.linkedin.com/in/gregkyte/

Caleb Newquist
Twitter: https://twitter.com/cnewquist
LinkedIn: https://www.linkedin.com/in/calebnewquist/

Email us at ohmyfraud@earmarkcpe.com

Sources:

• The DWI Lawyer Who Represented Cocaine Traffickers—and Paid the Price [Texas Monthly]
• Drunk with Power | American Greed 
• 'Reeferendum' spotlights candidate [San Antonio Express-News] 
• S.A.'s 'DWI Dude' denies scamming Colombian narco-terror group chief [San Antonio Express-News]
• Austin lawyer known as ‘DWI Dude’ gets 15 1/2 years in prison for scamming Colombian narcos [Dallas Morning News]
• Texas Lawyer Gets 15 Years for Scheme to Defraud Cocaine Traffickers [New York Times]
• Central Texas Lawyer Guilty of Swindling Colombian Drug Trafficking Clients [DOJ]
• Central Texas Lawyer Sentenced for Swindling Colombian Drug Trafficking Clients [DOJ]
• United States v. Balagia [Case Text]
• Texas Lawyer Loses Appeal Over Drug Trafficking Conviction [Bloomberg Law]
• MR. JAMES MORRIS 'JAMIE' BALAGIA [State Bar of Texas]

Professor James Park’s new book chronicles the history of securities fraud in the US, and oh, what a history it is, featuring some of the most infamous episodes in American business. In this episode, Caleb and Greg talk with Jim about some of the notable cases in his book, whether executives or underlings actually bear the responsibility for wrongdoing, if everything truly is securities fraud and more.

HOW TO EARN FREE CPE

In 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/id1562599728
Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app

Questions? Need help? Email support@earmarkcpe.com.

CONNECT WITH THE GUEST

James Park
Website: https://law.ucla.edu/faculty/faculty-profiles/james-park
LinkedIn: https://www.linkedin.com/in/james-park-a0a7161

Buy the book! https://www.amazon.com/Valuation-Treadmill-Securities-Threatens-Integrity/dp/1108940412/ref=sr_1_1?crid=1A9AK5L4Q56XK&keywords=the+valuation+treadmill&qid=1650296004&sprefix=%2Caps%2C90&sr=8-1

CONNECT WITH THE HOSTS

Greg Kyte, CPA
Twitter: https://twitter.com/gregkyte
LinkedIn: https://www.linkedin.com/in/gregkyte/

Caleb Newquist
Twitter: https://twitter.com/cnewquist
LinkedIn: https://www.linkedin.com/in/calebnewquist/

Email us at ohmyfraud@earmarkcpe.com

Who’s the last person you’d suspect of committing fraud? Your grandmother? A good friend? Someone who always seems to be thinking about how they can help others? In this episode, Caleb and Greg discuss a case where someone checks all of those boxes.

HOW TO EARN FREE CPE

In 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/id1562599728
Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app

Questions? Need help? Email support@earmarkcpe.com.

CONNECT WITH THE HOSTS

Greg Kyte, CPA
Twitter: https://twitter.com/gregkyte
LinkedIn: https://www.linkedin.com/in/gregkyte/

Caleb Newquist
Twitter: https://twitter.com/cnewquist
LinkedIn: https://www.linkedin.com/in/calebnewquist/

Email us at ohmyfraud@earmarkcpe.com

Sources: 

Viles ‘in a league of her own’ after guilty verdict in $500K theft from town, prosecutor says — Kennebec Journal

Claudia Viles, Even After Tax Theft Conviction, Commands Community Favor — Kennebec Journal Morning Sentinel  

Property owned by Anson town clerk convicted of embezzlement to be auctioned — Mainebiz.biz 

Former Anson tax collector to serve five years on theft charges — Portland Press Herald 

Circumstances that made it easy for Viles to steal not unique to Anson — CentralMaine.com

Difference between Tax Collector & Assessor — Orange County Treasurer’s Office

About The Florida Tax Collector — Sarasota County Tax Collector

Municipal Tax Collectors — Connecticut’s Official State Website

Title 36, §1487: Collection of tax — Maine.gov 

Anson, Maine — Wikipedia

Claudia Viles, who will serve five years for embezzlement, vows to clear her name — CentralMaine.com

Median Household Income in Maine — St. Louis Fed

Certified Public Accountants are some of the most hard working, trustworthy advisors in our society. But you don’t listen to Oh My Fraud to hear about them. In this episode, Caleb and Greg discuss a CPA who used his position as a trusted advisor to swindle millions. 

HOW TO EARN FREE CPE

In 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/id1562599728
Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app

Questions? Need help? Email support@earmarkcpe.com.

CONNECT WITH THE HOSTS

Greg Kyte, CPA
Twitter: https://twitter.com/gregkyte
LinkedIn: https://www.linkedin.com/in/gregkyte/

Caleb Newquist
Twitter: https://twitter.com/cnewquist
LinkedIn: https://www.linkedin.com/in/calebnewquist/

Email us at ohmyfraud@earmarkcpe.com

Sources:

• IN THE MATTER OF: DOUGLAS A. RICHARDSON, CPA, LLC; and DOUGLAS A. RICHARDSON | ORDER TO CEASE AND DESIST AND ORDER TO SHOW CAUSE WHY
• RESTITUTION, CIVIL PENALTIES, AND COSTS SHOULD NOT BE IMPOSED [Missouri Secretary of State] 
• Jury Convicts Lebanon CPA of $7 Million Wire Fraud, Money Laundering Scheme [DOJ]
• Former Lebanon, Mo. CPA sentenced to prison for Ponzi scheme [KY3]
• United States v. Douglas Richardson, No. 21-2370 (8th Cir. 2022) [Justia]
• Pre-Employment Inquiries and Financial Information — US Equal Employment Opportunity Commission
• Indictment 

Sponsors

Murder, kidnapping, dismemberment—these are the crimes of many a true crime podcast; just not this true crime podcast. In this episode, Caleb and Greg explore wire fraud, its history, and why it comes up in nearly every case study they discuss.

HOW TO EARN FREE CPE

In 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/id1562599728
Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app

Questions? Need help? Email support@earmarkcpe.com.

CONNECT WITH THE HOSTS

Greg Kyte, CPA
Twitter: https://twitter.com/gregkyte
LinkedIn: https://www.linkedin.com/in/gregkyte/

Caleb Newquist
Twitter: https://twitter.com/cnewquist
LinkedIn: https://www.linkedin.com/in/calebnewquist/

Email us at ohmyfraud@earmarkcpe.com

Sources: 

The History Of Wire Fraud — LAWS.com

Wire Fraud: Definition, examples, and prevention. — Datavisor 

Mail and wire fraud — Wikipedia 

U.S. postal system established | July 26, 1775 — History.com

Telegraph | Invention, History, & Facts — Britannica  

History of the Mail Fraud Statute — United States Postal Inspection Service 

Wire and Mail Fraud — Prison Professors

Uncovering the Legislative Histories of the Early Mail Fraud Statutes: The Origin of Federal Auxiliary Crimes Jurisdiction — University of Utah Law

P.T. Barnum was an Early Adopter of the Telegraph- So he Could Prank his Co-Workers — Another Century Blog

Wired on Crime: Soapy Smith’s Telegraph Con — Another Century Blog

18 U.S. Code § 1343 - Fraud by wire, radio, or television — Cornell Law School

What is Wire Fraud, and What is the Statute of Limitations for Wire Fraud? — Warren Law Group

Former Enron CEO Jeffrey Skilling Resentenced to 168 Months for Fraud, Conspiracy Charges — DOJ

Federal Jury Convicts Former Enron Chief Executives Ken Lay, Jeff Skilling On Fraud, Conspiracy And Related Charges — DOJ

Sponsors

Caleb 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 CPE

In 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/id1562599728
Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app

Questions? Need help? Email support@earmarkcpe.com.

CONNECT WITH THE HOSTS

Greg Kyte, CPA
Twitter: https://twitter.com/gregkyte
LinkedIn: https://www.linkedin.com/in/gregkyte/

Caleb Newquist
Twitter: https://twitter.com/cnewquist
LinkedIn: https://www.linkedin.com/in/calebnewquist/

Email us at ohmyfraud@earmarkcpe.com

Sources: 

The great wine fraud - The Guardian

Southern 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 - DOJ

Southern 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 - DOJ

Manhattan U.S. Attorney And FBI Assistant Director-In-Charge Announce Charges Against Wine Dealer For Multi-Million Dollar Fraud Schemes - DOJ

Sour Grapes - Documentary Film currently available on Peacock

How Long Can A Wine Be Stored And When Is It Ready To Drink? - rarewineinvest.com 

History Of The Wine Investment Market - BiBO

How Rudy Kurniawan Fooled the Wine World - Wine Enthusiast

The F.B.I. Has an Art Crime Team. And These Days, It’s Busy - NYT

Billionaire Koch brother's crusade against counterfeit wine - CBS News

In 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/scacpa

HOW TO EARN FREE CPE

In 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/id1562599728
Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app

Questions? Need help? Email support@earmarkcpe.com.

Connect With Chris

LinkedIn: https://www.linkedin.com/in/chris-marquet-4262533
Fraud Talk Podcast: https://www.voiceamerica.com/show/2349/fraudtalk

Connect With The Hosts

Greg Kyte, CPA
Twitter: https://twitter.com/gregkyte
LinkedIn: https://www.linkedin.com/in/gregkyte/

Caleb Newquist
Twitter: https://twitter.com/cnewquist
LinkedIn: 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/scacpa

In 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/id1562599728
Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app

Questions? Need help? Email support@earmarkcpe.com.

CONNECT WITH THE HOSTS

Greg Kyte, CPA
Twitter: https://twitter.com/gregkyte
LinkedIn: https://www.linkedin.com/in/gregkyte/

Caleb Newquist
Twitter: https://twitter.com/cnewquist
LinkedIn: https://www.linkedin.com/in/calebnewquist/

Email us at ohmyfraud@earmarkcpe.com

Sources:

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/scacpa

In 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/id1562599728
Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app

Questions? Need help? Email support@earmarkcpe.com.

CONNECT WITH THE HOSTS

Greg Kyte, CPA
Twitter: https://twitter.com/gregkyte
LinkedIn: https://www.linkedin.com/in/gregkyte/

Caleb Newquist
Twitter: https://twitter.com/cnewquist
LinkedIn: https://www.linkedin.com/in/calebnewquist/

Email us at ohmyfraud@earmarkcpe.com

Sources: 

Leader of $1 Billion Polygamist Fraud Gets 40 Years in Prison - Bloomberg

A 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 Tribune

Girls in polygamous Kingston Group continue to marry as young as 15, records show, sometimes leaving Utah to marry cousins - Salt Lake Tribune

Fallout from Washakie fraud could cost polygamous Kingston Group members their businesses and homes - Salt Lake Tribune

Polygamous Kingston Group may have swiped ‘millions’ in student aid, lawsuit says - Salt Lake Tribune

Feds move to seize homes and businesses from polygamous Kingston Group as fraud defendants plead guilty - Salt Lake Tribune

Los 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 Weekly

The Latter Day Church of Christ - Wikipedia

Blood Cult - Southern Poverty Law Center

Washakie Renewable Energy - About.Me

Diesel Vehicles Using Biodiesel - Alternative Fuels Data Center

Biodiesel Fuel Basics - Alternative Fuels Data Center

Biodiesel Production and Distribution - Alternative Fuels Data Center

Kingston 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/scacpa

In 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/id1562599728
Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app

Questions? Need help? Email support@earmarkcpe.com.

CONNECT WITH THE HOSTS

Greg Kyte, CPA
Twitter: https://twitter.com/gregkyte
LinkedIn: https://www.linkedin.com/in/gregkyte/

Caleb Newquist
Twitter: https://twitter.com/cnewquist
LinkedIn: https://www.linkedin.com/in/calebnewquist/

Email us at ohmyfraud@earmarkcpe.com

Sources:

• 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]

Postscript
Since 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/scacpa

In 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/id1562599728
Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app

Questions? Need help? Email support@earmarkcpe.com.

CONNECT WITH THE HOSTS

Greg Kyte, CPA
Twitter: https://twitter.com/gregkyte
LinkedIn: https://www.linkedin.com/in/gregkyte/

Caleb Newquist
Twitter: https://twitter.com/cnewquist
LinkedIn: https://www.linkedin.com/in/calebnewquist/

Email us at ohmyfraud@earmarkcpe.com

Resources:
-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.

Sponsors
Tri-Merit - https://ohmyfraud.promo/trimerit
South Carolina Association of CPAs (SCACPA) - https://ohmyfraud.promo/scacpa

In 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/id1562599728
Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app

Questions? Need help? Email support@earmarkcpe.com.

Connect with Mike Schaub

LinkedIn : https://www.linkedin.com/in/michael-shaub
https://mays.tamu.edu/directory/mshaub/
https://maystamuedu.wpenginepowered.com/ethics/

CONNECT WITH THE HOSTS

Greg Kyte, CPA
Twitter: https://twitter.com/gregkyte
LinkedIn: https://www.linkedin.com/in/gregkyte/

Caleb Newquist
Twitter: https://twitter.com/cnewquist
LinkedIn: 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.

Sponsors
Tri-Merit - https://ohmyfraud.promo/trimerit
LiveFlow - https://ohmyfraud.promo/liveflow
South Carolina Association of CPAs (SCACPA) - https://ohmyfraud.promo/scacpa

In 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/id1562599728
Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app

Questions? Need help? Email support@earmarkcpe.com.

CONNECT WITH THE HOSTS

Greg Kyte, CPA
Twitter: https://twitter.com/gregkyte
LinkedIn: https://www.linkedin.com/in/gregkyte/

Caleb Newquist
Twitter: https://twitter.com/cnewquist
LinkedIn: https://www.linkedin.com/in/calebnewquist/

Email us at ohmyfraud@earmarkcpe.com

Sources: 

How Yolanda Saldívar's Obsession With Selena Turned Deadly - Biography Dot Com

Selena kin testify Saldivar embezzled - UPI

Yolanda Saldivar - Wikipedia 

The Selena Etc. Boutique - Wikipedia 

Police detail standoff after Selena Shooting - Washington Post

Tejano Music - Wikipedia

Murder Suspect ‘Obsessed’ With Singer - The Spokesman-Review

Selena List of Awards - Fandom.com

Selena’s Grammy Awards - Recording Academy Grammy Awards

The Queen is Dead - Texas Monthly

Selena Embraced Her Heritage and Embraced Its Evolution in Style - Texas Monthly

Woman Who Murdered Singer Gets a Sentence of Life in Prison - NYT