Explore " bank fraud" with insightful episodes like "The Celeste Stein Show, January 13, 2024", "The Road to Fraud Is Paved With Good Intentions | The Case of Freedman’s Bank", "EP 044 Alex Wood: From Musical Child Prodigy, Infamous Imposter of The Aristocracy - And Perpetrator Of A Huge Banking Fraud to a Netflix Documentary", "This…is American EIDL Fraud!" and "Sean's Weekly News Roundup: Does Chrisley Really Know Best?" from podcasts like ""The Celeste Stein Show with Dr Celeste Stein", "Oh My Fraud", "The Security Circle", "Oh My Fraud" and "The Sean Sandifer Show"" and more!
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:
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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:
Alex Wood is a Cybercrime, Social Engineering and Counter Fraud Speaker
Alex Wood’s early career was in the music industry. From the age of 13 he toured the world as a violin soloist and performed under the greatest conductors of the modern era. He was awarded prestigious scholarships to attend the Purcell School, the Royal Academy of Music, and the Royal College of Music, winning an array of prizes along the way and becoming a regular guest at Buckingham Palace and Windsor Castle
At the age of 24 his career was abruptly halted by the onset of repetitive strain injury (RSI) in his right hand. Faced with mounting debts and no source of income, his criminal career began. His life spiralled out of control, culminating in several years spent in prison for dishonesty offences – everything from impersonating the 13th Duke of Marlborough to committing multi-million-pound cybercrime.
“I barely heard the judge’s words when he sentenced me to seven years. I felt like the most disgusting person on this planet. How could I have inflicted such unthinkable, irreparable pain and grief upon an innocent man and the business he and his family had worked tirelessly to build?”
As Alex Wood listened to the victim impact statements during his final sentencing hearing, so began his redemption journey. Since his release from jail in early 2022, Alex has turned his life around and become an immensely powerful force in the Counter Fraud profession.
In February 2023 he was a Keynote Speaker at Counter Fraud 2023 (organised by the Cabinet Office, GovNet and the Public Sector Fraud Authority). In March 2023 he spoke at the LBFIG (London Boroughs’ Fraud Investigators’ Group) AGM at Pinsent Masons’ HQ. In May 2023, Alex was the Keynote Speaker at the National Investigations Conference (NICONF23) in Birmingham, where he presented a speech entitled ‘Inside the Mind of a Criminal’ and in June 2023, he was the Keynote Speaker at the LA Financial Investigators Forum, talking about everything from social engineering to underworld banking.
In addition to Public Sector speaking, he delivers speeches and consultation to leading global financial institutions (including Tier 1 banks such as NatWest PLC, insurance providers, law firms and risk experts such as Experian PLC) to enable a deep understanding of the ‘Fraud Mindset’ as well as sophisticated ‘Social Engineering’ techniques.
Alex’s story is unique and enthralling as he takes the audience on a journey to glimpse into the world of the criminal mind. He is deeply committed to atoning for his crimes and campaigns tirelessly to educate future generations and institutions on the dangers and risks of fraud. Alex is working on a national strategy, in partnership with leading financial institutions, lawyers, Police forces and Government to educate children about the risks of involvement in mule activity.
Alex Wood has been nominated for the awards of ‘Newcomer of the Year’ and ‘Outstanding Contribution’ in the Public Sector Fraud Awards 2024 (sponsored by the Cabinet Office).
Whilst in prison, Alex was signed by the world-leading literary agent Andrew Lownie. His story is now the subject of a major documentary (in production) by the multi award-winning film makers Chris Atkins and Louis Theroux (Mindhouse Productions).
SPEAKING TOPICS
Security Circle ⭕️ is an IFPOD production for IFPO the International Foundation of Protection Officers
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:
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.
Crime in America...Reality Stars Todd and Julie Chrisley White Collar Crime Case; Federal Sentencing Guidelines; Violent Crime on the Rise; + Black Friday Economic News, Political Updates, and more!
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In this new podcast, Jeff discusses a case from over 10 years ago: a Hells Angel charged with a violent federal extortion on tape — and he refused a plea unless he could be guaranteed no prison. With his back against the wall, Jeff figured his way out of it. Also in this episode, Jeff notes that NYC Mayor Eric Adams stepped out of da club long enough to declare a State of Emergency as NY is overrun by migrants. Suddenly Adams doesn’t seem to enjoy them as much as he did when they were overrunning Texas. With midterm elections upon us, will the nation continue voting for people who gave us open borders, increased crime, record inflation and high gas prices? Finally, a Palestinian had his head cut off solely because he was gay — and the liberal press ignored it. Why it’s hard to hate Jews and support homophobic terrorists simultaneously when you’re a leftist.
In this episode Reggie and Dannielle talk about Todd and Julie Chrisley's fraud case and how much reality is in reality tv
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