Sep 9, 2016 | Accounting Frauds
Former finance head of American Realty Capital Partners, now known as Vereit, charged with committing accounting fraud. Brian Block, CFO of the real estate investment company used an inflated metric that didn’t comply with GAAP. The metric in question is adjusted...Feb 11, 2013 | Accounting Frauds
Craig Haver, an ex partner at Grant Thornton New York office was charged with stealing nearly $4M of money from clients. According to the latest reports, Craig had instructed the clients to send money directly to him rather than the firm’s headquarters. This had...Nov 27, 2012 | Accounting Frauds
The recent accusation of HP against Autonomy, the British software company that HP bought for $11B, raises fingers in all directions. Who is it at fault- Autonomy management, the management of HP, the auditors, or the differences in the accounting standards? Let’s...Nov 2, 2012 | Accounting Frauds
Another case of embezzlement in a small company. Accounting manager of Schmitt, Inc an air conditioning and electric company in Dade City, Florida, was charged with embezzling half a million dollars from the company. Michael Cougill, the manager, forged and cashed...Oct 29, 2012 | Accounting Frauds
Another case of embezzlement in a company due to lack of segregation of duties. Debra Skies who has been working as the office manager at McCord Engineering, Inc. since the company’s inception in 1985 recently turned herself in for embezzlement. Debra was let go...