Category: Fraud

Fraud

COVID-19-Related Identity Theft Scams on the Rise by Joseph L. Saka, CPA/PFS


Posted on February 08, 2021 by Joseph Saka

The IRS warns taxpayers to be on alert to a rise in identity-theft schemes related to the COVID-19 pandemic, including phony offers for government-backed economic relief, access to FDA-approved vaccines or other products falsely marketed as virus cures. In one scam, thieves are directing victims to click on a link in a text message to […]

Protecting PPP Loan Recipients from Civil and Criminal Investigations by Richard Fechter, JD, CAMS, CFE


Posted on November 23, 2020 by Richard Fechter

As millions of business owners and independent contractors seek forgiveness of much-needed Paycheck Protection Program (PPP) loans they received in the wake of the COVID-19 pandemic, many are surprised to find themselves the subject of fraud investigations by the federal government. Last week, the Justice Department announced it already has publicly charged more than 80 […]

Determining the Scope and Objectives of Financial Forensic Investigations Resulting from Internal Fraud by Richard Fechter, JD, CAMS, CFE


Posted on July 21, 2020 by Richard Fechter

According to the Association of Fraud Examiners (ACFE) “2020 Report to the Nations,” a growing number of businesses that fell victim to occupational fraud between 2018 and 2019 disciplined perpetrators privately rather than referring them to public law enforcement for criminal prosecution. Yet, while there has been a steady increase in civil suits and private […]

Avoid Elevated Risks of Fraud and Other Financial Scams Related to COVID-19 by Rick D. Bazzani, CPA


Posted on June 26, 2020 by Rick Bazzani

The COVID-19 pandemic has not slowed the pace of financial crimes targeting taxpayers. In fact, the IRS Criminal Investigation division (CI) has noted an increase in coronavirus-related scams seeking to steal taxpayers’ money and personal information. Reducing your risks of falling victim to these schemes requires you to take precautionary measures to secure your data […]

Best Practices for Virtual Trials, Hearings in the Age of COVID by Richard Fechter, JD, CAMS, CFE


Posted on June 25, 2020 by Richard Fechter

COVID-19 social distancing has upended the logistical functions of nearly all aspects of American governance, including court systems. With courthouses completely or partially shuttered, the courts are rapidly expanding their reliance on remote teleconferencing capabilities and stepping-up their use of technology to keep dockets moving. Members of our firm recently attended a three-day hearing in […]

UPDATED – What Small Businesses, Nonprofits and Self-Employed Need to Know about PPP Loan Forgiveness by Steve Nouss, CPA, CGMA


Posted on June 17, 2020 by Steve Nouss

As of June 12, 2020, the Small Business Administration (SBA) had approved more than $512 billion in potentially forgivable Paycheck Protection Program (PPP) loans to small business, non-profits and self-employed taxpayers struggling to maintain operations and retain workers through the COVID-19 pandemic. However, since the CARES Act introduced the PPP in March, loan applicants have […]

UPDATED – CARES Act Loan Recipients Must Take Care to Avoid Potentially Fraudulent Acts by Richard Fechter, JD, CFE, CAMS


Posted on April 16, 2020 by Richard Fechter

The CARES Act provides billions of dollars in much-needed financial assistance to millions of U.S. businesses and not-for-profit organizations struggling to survive the economic realities of the COVID-19 pandemic. To apply for and obtain government-backed loans, eligible entities must take special care to understand and abide by all the specific rules applicable to each financial-assistance […]

The Importance of Due Diligence when Working with Third-Party Experts by Richard A. Pollack, CPA


Posted on March 10, 2020 by Richard Pollack

A recent decision by the U.S District Court Eastern District of Wisconsin to exclude testimony from expert witnesses in a class-action suit represents an important point that legal counsel may forget when engaging damages experts and forensic accountants: do not rely blindly on the qualifications, work product or assumptions of knowledge specialists with whom they […]