Fraud Feed

What Americans Need to Know About Elder Fraud

Protecting Yourself Against Elder Fraud Abuse I recently read several articles posted online about the rise in elder fraud and how federal government agencies are dealing with them. One stands out by Laurie Archbald-Pannone is an associate professor of medicine and geriatrics from the University of Virginia that was originally... Read more →


Boeing: Putting Profits Ahead of Safety

How Corporate Culture Drove Decision-Making The story of Boeing is it placed profits ahead of safety and the result has been a series of crashes/mechanical problems that have led to inspections by the National Transportation Safety Board (NTSB) and litigation by the Securities and Exchange Commission (SEC). In this blog... Read more →


Fraud Scams Are Increasing Exponentially

Internet and Digital Fraud on the Rise Recently, the U.S. Federal Trade Commission disclosed that consumers reported losing more than $10 billion from fraud in 2023, This is an astonishing number and reflects the decline of ethics in society over an extended period of time. Consumers alone reported losing more... Read more →


The Story of FTX and Sam Bankman-Fried

An Example of Hubris, Incompetence, and Greed I always tell my students that the best way to learn about ethics, or the lack thereof, is through a case study. What follows is a mini-case study of the FTX fraud. Last week Sam Bankman-Fried was found guilty of misappropriating and embezzling... Read more →


21st Century Anti-Fraud Best Practices: What has Improved and What Still Needs to Change

OVERVIEW OF THE PANEL DISCUSSIONS: I am moderating a panel at the 2023 Ethics Symposium presented by the Public Interest Section of the American Accounting Association (AAA). The panelists are well-known observers of financial statement fraud and critics of audit failures. They will look back and forward to assess where... Read more →


Organizational Implications of Whistleblowing

Protections and Retaliation What makes one person speak out and blow the whistle on wrongdoing while another remains silent? Is it a “moral sense,” as Thomas Jefferson wrote, that instinctively motivates a person’s thoughts and actions? Is it motivated by avoiding harm to others? Is the act of blowing the... Read more →


Causes and Solutions to Gun Violence in America

Why is America Such a Violent Country? The number of senseless murders that have occurred in the U.S. in 2022 is alarming, several of which have occurred in November alone. We need to recognize that the country has now returned to the days of the “Wild West” that began after... Read more →


How to Kill a Profession

Cheating on Internal Training and Ethics Exams Is a Wake-Up Call for the Accounting Profession By Michael K. Shaub, June 29th, 2022 The following is a a very thoughtful blog published by my friend and colleague, Mike Shaub. Mike addresses the recent scandals where three of the four Big Four... Read more →


What do WeWork and Theranos Have in Common?

A Cult of Personality Blinded Others to Their Schemes Today's blog is long but comprehensively addresses two of the most interesting cases of how not to run a business. For educators, it could be the makings of a case study to use in the classroom. I recently watched a streaming... Read more →


Trump v Mazars: You Decide

Professional Obligations of Accountants to Clients You may have heard that Donald Trump and the Trump Organization’s accountant, Mazars USA, split up after Mazars sent a letter dated February 9, 2022 to the Trump Organization. The letter was included in a court filing and said that “the Statements of Financial... Read more →