Category: Fraud

Fraud

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 […]

Watch Out for Tax Scams All Year Long by Adam Cohen, CPA


Posted on December 23, 2019 by Adam Cohen

According to the IRS, gift card scams are on the rise as thieves look for new ways to swindle people out of money and/or steal their identities. The best ways to protect yourself from becoming a victim is to stay vigilant, recognize the warning signs, and think before you give away any of your personal […]

Taxpayer Scams Don’t Stop During the Summer by Joseph C. Leuchter, CPA


Posted on July 23, 2019 by Joseph Leuchter

As Americans enjoy their summer vacations, criminals remain hard at work devising new scams to steal taxpayers’ identities and intercept their tax refunds. The IRS reminds taxpayers to stay alert to tax-related schemes throughout the year, even after the April tax filing deadline. Most criminals conduct their scams via email and telephone, posing as agents […]