Oh My Fraud

Greg Kyte & Caleb Newquist

"Oh My Fraud" is an irreverent podcast from CPA/comedian Greg Kyte and blogger/former CPA Caleb Newquist. The two come together to unpack their favorite frauds and explore the circumstances, psychology, and interpersonal dynamics involved. They also fully indulge in victim-blaming the defrauded widows, orphans, infirm and feeble-minded—because who can resist? If you fancy yourself a trusted advisor—or prefer your true crime with spreadsheets instead of corpses—listen to this show to learn what to watch out for to keep your clients, your firm, and even yourself safe. read less

Our Editor's Take

The Oh My Fraud podcast tells tales of fraud in fresh, entertaining ways. Cohosts Greg Kyte and Caleb Newquist bring comedic commentary to each episode.

Oh My Fraud cohost Kyte is a comedian. He uses his certified public accounting (CPA) background to tell comical stories on the podcast. Kyte is also in a comedy show, Comedy Church, with Adam Broud. His accounting cartoons and hilarious antics bring consistent laughter to his fans.

Newquist, the other Oh My Fraud cohost, is an established writer and editor. He also worked as a CPA for several years. He uses his experience in accounting and writing to encourage clever conversations. Both hosts have been recording accounting webinars for years. Now, they bring their expertise to this podcast. Here, they create memorable moments that CPAs and non-accountants can both enjoy.

Each episode of Oh My Fraud focuses on one almost unbelievable case. The hosts expose money laundering, embezzlement, swindlers, and other scams. Kyte and Newquist deliver the facts in a witty way. They also detail the background, circumstances, involved characters, and epilogue of each fraud. Their storytelling abilities create a vivid, sarcastic picture of how each crime happened. Listening to the duo's comments and banter enhances each story. If fans want to explore a case further, each episode has links to external references.

This true crime podcast differs from others. That's because Oh My Fraud discusses white-collar crime. The show focuses on money laundering, embezzlement, and other forms of financial fraud. Although this topic may sound dull at first, Kyte and Newquist are anything but boring.

The Oh My Fraud podcast brings fans of true crime comprehensive tales of financial falsehoods. Accountants searching for CPE units can often earn them for free after listening. Even those who have no accounting background may enjoy this show.

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High-End Wine Collectors Get Screwed
Today
High-End Wine Collectors Get Screwed
SponsorsCaleb and Greg discuss a beloved oenophile who was shaking up the stuffy world of high-end wine collectors by buying and selling large quantities of sought after bottles. HOW TO EARN FREE CPEIn 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/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appQuestions? Need help? Email support@earmarkcpe.com.CONNECT WITH THE HOSTSGreg Kyte, CPATwitter: https://twitter.com/gregkyteLinkedIn: https://www.linkedin.com/in/gregkyte/Caleb NewquistTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/Email us at ohmyfraud@earmarkcpe.comSources: The great wine fraud - The GuardianSouthern District of New York | Wine Dealer Rudy Kurniawan Convicted In Manhattan Federal Court For Creating And Selling Millions Of Dollars Of Counterfeit Wine | United States Department of Justice - DOJSouthern District of New York | Prominent Wine Dealer Rudy Kurniawan Sentenced In Manhattan Federal Court To 10 Years In Prison For Selling Millions Of Dollars Of Counterfeit Wine - DOJManhattan U.S. Attorney And FBI Assistant Director-In-Charge Announce Charges Against Wine Dealer For Multi-Million Dollar Fraud Schemes - DOJSour Grapes - Documentary Film currently available on PeacockHow Long Can A Wine Be Stored And When Is It Ready To Drink? - rarewineinvest.com History Of The Wine Investment Market - BiBOHow Rudy Kurniawan Fooled the Wine World - Wine EnthusiastThe F.B.I. Has an Art Crime Team. And These Days, It’s Busy - NYTBillionaire Koch brother's crusade against counterfeit wine - CBS NewsIn Vino Duplicitas: The Rise and Fall of a Wine Forger Extraordinaire - Book by Peter Hellman
The Defrauded Famous | Billy Joel and Dane Cook
Aug 30 2023
The Defrauded Famous | Billy Joel and Dane Cook
There is no greater affront to American society than the scammed celebrity. In this episode, Caleb and Greg discuss two cases of famous entertainers—singer/songwriter Billy Joel and standup comedian Dane Cook—who were both betrayed and swindled by someone they should’ve been able to trust: their business managers.Sponsors South Carolina Association of CPAs (SCACPA) - https://ohmyfraud.promo/scacpaHOW TO EARN FREE CPEIn 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/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appQuestions? Need help? Email support@earmarkcpe.com.CONNECT WITH THE HOSTSGreg Kyte, CPATwitter: https://twitter.com/gregkyteLinkedIn: https://www.linkedin.com/in/gregkyte/Caleb NewquistTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/Email us at ohmyfraud@earmarkcpe.comSources:Billy Joel Billy Joel [Wikipedia] How Billy Joel’s three wives stole his heart and his money [New York Post] Billy Joel Sues Former Manager for $90 Million [Los Angeles Times] Billy Joel's ''River of Dreams'' [Entertainment Weekly] Billy Joel on Not Working and Not Giving Up Drinking [New York Times Magazine]Dane Cook Dane Cook [Wikipedia] Relative embezzled millions from actor [The Boston Globe] Woman sentenced in Cook thefts [UPI] Dane Cook's half-brother, sister-in-law must repay $12 million [CNN] 'Jeopardy ' Posed a Question About Dane Cook's Convicted Half-Brother — See His Shocked Reaction [People] Dane Cook's Brother Stole MILLIONS From Him [Your Mom’s House]
The Case of the Polygamist with More Fraud Charges Than Wives
Aug 16 2023
The Case of the Polygamist with More Fraud Charges Than Wives
What do you get when you mix a polygamous cult, biofuel, and federal tax credits? Sure, maybe the worst orgy you’ve ever been to, but also: a gigantic fraud. Caleb and Greg discuss all of this and more in this episode.Sponsors South Carolina Association of CPAs (SCACPA) - https://ohmyfraud.promo/scacpaHOW TO EARN FREE CPEIn 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/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appQuestions? Need help? Email support@earmarkcpe.com.CONNECT WITH THE HOSTSGreg Kyte, CPATwitter: https://twitter.com/gregkyteLinkedIn: https://www.linkedin.com/in/gregkyte/Caleb NewquistTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/Email us at ohmyfraud@earmarkcpe.comSources: Leader of $1 Billion Polygamist Fraud Gets 40 Years in Prison - BloombergA multimillion-dollar biofuel fraud began with a cowboy hat and a slew of seafood, Jacob Kingston testifies - Salt Lake Tribune Jacob Kingston testifies about his polygamous sect and the birth of a multimillion-dollar tax scam - Salt Lake TribuneGirls in polygamous Kingston Group continue to marry as young as 15, records show, sometimes leaving Utah to marry cousins - Salt Lake TribuneFallout from Washakie fraud could cost polygamous Kingston Group members their businesses and homes - Salt Lake TribunePolygamous Kingston Group may have swiped ‘millions’ in student aid, lawsuit says - Salt Lake TribuneFeds move to seize homes and businesses from polygamous Kingston Group as fraud defendants plead guilty - Salt Lake TribuneLos Angeles Businessman, Utah Fuel Plant Operators and Employees Sentenced to Prison for Billion-Dollar Biofuel Tax Fraud Scheme - DOJ Inside “the Order,” One Mormon Cult’s Secret Empire - Rolling Stone What Religion are the Stars of Sister Wives? - In Touch WeeklyThe Latter Day Church of Christ - WikipediaBlood Cult - Southern Poverty Law CenterWashakie Renewable Energy - About.MeDiesel Vehicles Using Biodiesel - Alternative Fuels Data CenterBiodiesel Fuel Basics - Alternative Fuels Data CenterBiodiesel Production and Distribution - Alternative Fuels Data CenterKingston clan: Unlikely whistleblower helps uncover alleged half-billion tax scam by secretive polygamist sect members - CBS News - CBS News
This…is American EIDL Fraud!
Aug 2 2023
This…is American EIDL Fraud!
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/scacpaHOW TO EARN FREE CPEIn 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/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appQuestions? Need help? Email support@earmarkcpe.com.CONNECT WITH THE HOSTSGreg Kyte, CPATwitter: https://twitter.com/gregkyteLinkedIn: https://www.linkedin.com/in/gregkyte/Caleb NewquistTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/Email us at ohmyfraud@earmarkcpe.comSources: 1980 Grand Island tornado outbreak [Wikipedia] Economic Injury Disaster Loans [SBA] Business Physical Disaster Loans [SBA] Current Declared Disasters [SBA]Coronavirus Aid, Relief, and Economic Security ActPaycheck Protection Program and Health Care Enhancement Act ​​Disaster Assistance Upate Nationwide COVID EIDL, Targeted EIDL Advances, Supplemental Targeted Advances April 28, 2022 [SBA] Inspection of Small Business Administration’s Initial Disaster Assistance Response to the Coronavirus Pandemic COVID-19 EIDL Program Recipients on the Department of Treasury’s Do Not Pay List Georgia man admits submitting false information to obtain COVID-19 disaster relief funding [DOJ] Georgia man who used COVID relief funds to buy Pokemon card sentenced to prison [DOJ] He Spent $57,000 in Covid Relief on a Pokémon Card. Now the U.S. Owns It. [NYT] Florida Man [Wikipedia] Florida Man Beats Out Heart Disease As Nation's No. 1 Killer [The Onion] Florida ‘Don’t Say Gay’ forced disclosure amendment withdrawn [WFLA] Florida State Representative Indicted For Wire Fraud, Money Laundering, And Making False Statements [DOJ] Florida Lawmaker Charged With Pandemic Aid Fraud [NYT] State Rep. Joe Harding resigns after federal indictment for wire fraud [TBT] Former Florida State Representative Pleads Guilty To Wire Fraud, Money Laundering, And Making False Statements In Connection With Covid-19 Relief Fraud [DOJ] North-Central Florida Blimp Company Executive Sentenced To Over Five Years In Federal Prison For COVID-19 Relief Fraud [DOJ] Florida blimp executive, relative of former state lawmaker, sentenced to federal prison in pandemic fraud [SFSS]PostscriptSince 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.
All That Glitters Is Not Fraud | The Case of Bre-X Minerals
Jul 19 2023
All That Glitters Is Not Fraud | The Case of Bre-X Minerals
Throughout history, men have been driven mad in their search for gold. Much to Caleb and Greg’s surprise, that continued well into the 20th Century. And that madness was perhaps best exemplified by the men behind Bre-X Minerals, and their quest to find an enormous gold deposit on the island of Borneo.Sponsors South Carolina Association of CPAs (SCACPA) - https://ohmyfraud.promo/scacpaHOW TO EARN FREE CPEIn 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/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appQuestions? Need help? Email support@earmarkcpe.com.CONNECT WITH THE HOSTSGreg Kyte, CPATwitter: https://twitter.com/gregkyteLinkedIn: https://www.linkedin.com/in/gregkyte/Caleb NewquistTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/Email us at ohmyfraud@earmarkcpe.comResources: -Bre-X: The real story and scandal that inspired the movie Gold - Calgary Herald-The Bre-X Gold Scandal — Thought Co.-Bre-X — Wikipedia-JPMorgan Chase through it had $1.3 million of nickel, but they were all bags of stones — Business Insider-The Biggest Gold Mining Scandal in History — Gold Avenue-Great Frauds in History: The Bre-X Gold Mining Scandal — Money Week-A Lode of Lies: How Bre-X Fooled Everyone — Washington Post-The $6 Billion Gold Mine that Wasn’t — Slate
Meet the Ethics Professor: Mike Shaub of Texas A&M
Jul 5 2023
Meet the Ethics Professor: Mike Shaub of Texas A&M
Professor Mike Shaub believes deeply that auditors have a duty to the public because they are Certified Public Accountants, not Certified Profitable Accountants. Caleb and Greg talk with Dr. Shaub about ethics, recent scandals in the accounting profession, whether auditors can be independent and objective, and more. SponsorsTri-Merit - https://ohmyfraud.promo/trimerit South Carolina Association of CPAs (SCACPA) - https://ohmyfraud.promo/scacpaHOW TO EARN FREE CPEIn 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/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appQuestions? Need help? Email support@earmarkcpe.com.Connect with Mike Schaub LinkedIn : https://www.linkedin.com/in/michael-shaubhttps://mays.tamu.edu/directory/mshaub/https://mays.tamu.edu/ethics/CONNECT WITH THE HOSTSGreg Kyte, CPATwitter: https://twitter.com/gregkyteLinkedIn: https://www.linkedin.com/in/gregkyte/Caleb NewquistTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/Email us at ohmyfraud@earmarkcpe.com Referenced Readings : How to Kill a ProfessionElizabeth Holmes and the Perils of SuccessHow To Lose a ProfessionElon Musk and the five fallacies of thinkingBlue Bell story one of accountabilityBarry and MeA return to the dark sideBottom Line EthicsHarambe and Pollyanna
The Worst Fan Club President Ever | The Selena Embezzlement (and Murder) Case
Jun 21 2023
The Worst Fan Club President Ever | The Selena Embezzlement (and Murder) Case
The life of Tejano icon Selena has been chronicled in multiple feature and documentary films. In this episode, Caleb and Greg discuss the story of how her tragic death can be traced back to allegations of embezzlement by the president of her fan club and murderer, Yolanda Saldívar. SponsorsTri-Merit - https://ohmyfraud.promo/trimerit South Carolina Association of CPAs (SCACPA) - https://ohmyfraud.promo/scacpaHOW TO EARN FREE CPEIn 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/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appQuestions? Need help? Email support@earmarkcpe.com.CONNECT WITH THE HOSTSGreg Kyte, CPATwitter: https://twitter.com/gregkyteLinkedIn: https://www.linkedin.com/in/gregkyte/Caleb NewquistTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/Email us at ohmyfraud@earmarkcpe.comSources: How Yolanda Saldívar's Obsession With Selena Turned Deadly - Biography Dot ComSelena kin testify Saldivar embezzled - UPIYolanda Saldivar - Wikipedia The Selena Etc. Boutique - Wikipedia Police detail standoff after Selena Shooting - Washington PostTejano Music - WikipediaMurder Suspect ‘Obsessed’ With Singer - The Spokesman-ReviewSelena List of Awards - Fandom.comSelena’s Grammy Awards - Recording Academy Grammy AwardsThe Queen is Dead - Texas MonthlySelena Embraced Her Heritage and Embraced Its Evolution in Style - Texas MonthlyWoman Who Murdered Singer Gets a Sentence of Life in Prison - NYT
Too Pandemic, Too PPP Fraud
May 24 2023
Too Pandemic, Too PPP Fraud
It’s Paycheck Protection Program Fraud, the sequel! Caleb and Greg explore more PPP fraud in this episode, including a repeat repeat offender, a big conspiracy, funny farm names, and more.  SponsorsTri-Merit - https://ohmyfraud.promo/trimerit South Carolina Association of CPAs (SCACPA) - https://ohmyfraud.promo/scacpaHOW TO EARN FREE CPEIn 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/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appQuestions? Need help? Email support@earmarkcpe.com.CONNECT WITH THE HOSTSGreg Kyte, CPATwitter: https://twitter.com/gregkyteLinkedIn: https://www.linkedin.com/in/gregkyte/Caleb NewquistTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/Email us at ohmyfraud@earmarkcpe.comPrevious OMF episode:A Plethora of Pandemic PPP FraudSources:How the Paycheck Protection Program went from good intentions to a huge free-for-all [NPR]Man Awaiting Trial for Covid-19 Bank Fraud Does It Again, Authorities Say [NYT]Scott Township Man Pleads Guilty in $3,8 Million Fraud on the Payroll Protection Program [Justice.gov]Carnegie Man Sentenced to 6½ Years for $3.8 Million Paycheck Protection Program Fraud [Justice.gov]Woman Pleads Guilty for $43.8 Million COVID-19 Relief Fraud Scheme [Justice.gov]Man Convicted for $27 Million PPP Fraud Scheme [Justice.gov]Seminole County Man Extradited From Croatia To Face COVID Relief Fraud Charges [Justice.gov]Extradited Seminole County Man Sentenced To More Than Eight Years In Federal Prison For COVID Relief Fraud [Justice.gov]Hundreds of PPP Loans Went to Fake Farms in Absurd Places [ProPublica]Prosecutors Struggle to Catch Up to a Tidal Wave of Pandemic Fraud [NYT]Two Fintechs Fueled Extensive Pandemic Relief Fraud, House Report Finds [NYT]Kevin Bacon opens up about family losing most of their money in Madoff scheme [Spectrum News]
The $100 Million Deli
May 10 2023
The $100 Million Deli
Think about your hometown deli. And then think about what kind of business your hometown deli would have to be to be a $100 million business. That is the case of Your Hometown Deli.SponsorsTri-Merit - https://ohmyfraud.promo/trimerit South Carolina Association of CPAs (SCACPA) - https://ohmyfraud.promo/scacpaHOW TO EARN FREE CPEIn 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/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appQuestions? Need help? Email support@earmarkcpe.com.CONNECT WITH THE HOSTSGreg Kyte, CPATwitter: https://twitter.com/gregkyteLinkedIn: https://www.linkedin.com/in/gregkyte/Caleb NewquistTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/Sources: Owners of a small deli are charged with fraud for valuing business at $100 million - NPR$100 million New Jersey deli scheme leads to U.S. fraud charges - Reuters$100 million New Jersey deli fugitive Peter Coker Jr. agrees to extradition from Thailand - CNBCThree men charged with fraud in $100 million New Jersey deli scheme - CNBC2020 10-K for Hometown International, Inc. - SECNew Jersey high school wrestling coach is CEO of $100 million firm that owns one deli - CNBC“Whatever it is, it’s not very good”: The strange, incredible case of the $100 million deli - Fast CompanyThe $100 Million Deli - NPR’s Planet MoneyFirst GameStop, Now a Jersey Delicatessen - The New YorkerThe Mystery of the $113 Million Deli - New York Times Magazine$100 million New Jersey deli owner Hometown International just announced a merger with a bioplastics firm - CNBCThat mysterious New Jersey deli once owned by a publicly traded company is closed, regulatory filing shows - CNBCPaul Morina’s bio - JMU Hall of FameKey investor in $100 million NJ deli has a history of legal problems, ties to criminals - CNBCJames Patten’s LinkedIn profile - LinkedInDavid Einhorn’s Greenlight Newsletter from April 15, 2021 - Greenlight NewsletterTwenty-Year Review of Audit and Non-Audit Fee Trends - Harvard Law School
Inigo Philbrick and the Art of the Fraud
Apr 13 2023
Inigo Philbrick and the Art of the Fraud
From the outside, the art world can seem enticing, glamorous, and sophisticated. But the story can be very different behind the scenes. Caleb and Greg discuss the tale of Inigo Philbrick, a young, brash dealmaker whose reputation grew quickly, only to crash and burn in spectacular fashion.SponsorsTri-Merit - https://ohmyfraud.promo/trimerit South Carolina Association of CPAs (SCACPA) - https://ohmyfraud.promo/scacpaHOW TO EARN FREE CPEIn 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/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appQuestions? Need help? Email support@earmarkcpe.com.CONNECT WITH THE HOSTSGreg Kyte, CPATwitter: https://twitter.com/gregkyteLinkedIn: https://www.linkedin.com/in/gregkyte/Caleb NewquistTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/SOURCES: In search of Inigo Philbrick, the disappearing art dealer [GQ] Rudolf Stingel Painting at Center of Inigo Philbrick Lawsuit Faces Another Ownership Claim [ARTnews] Who Is Inigo Philbrick? Meet the Man Behind One of the Biggest Potential Modern Art Scandals [ARTnews] The Talented Mr. Philbrick [NYT] What Did Inigo Philbrick Do? How One Precocious Dealer Allegedly Swindled the Art Market’s Savviest Players Out of Millions [Artnet] High-End Art Dealer Accused of Defrauding Basquiat Investor [Bloomberg] United States of America v. Inigo Philbrick [Justice.gov] Where’s Inigo? As a Furious Art World Searches for the Disappeared Dealer, Kenny Schachter Finds Him… on Instagram [Artnet News] Art Dealer Inigo Philbrick Has Vanished in a Cloud of Scandal [Bloomberg] Inigo Philbrick [Art Bust] The Art World’s Mini-Madoff and Me [Vulture] Fugitive Art Dealer Arrested on Pacific Island in Fraud Case [Bloomberg] Art Dealer Inigo Philbrick Will Be Kept In US Custody After His Fiancée’s Family’s Bahamas Real Estate Was Rejected as Bail Collateral [Artnet] In a Shift, Notorious Art Dealer Inigo Philbrick Set to Plead Guilty to Criminal Charges in Federal Court This Week [Artnet] Former London And Miami Art Dealer Pleads Guilty To Defrauding Art Buyers And Financers Of More Than $86 Million [Justice.gov] ‘He’s sabotaged his entire life for greed’: the $86m rise and fall of Inigo Philbrick [Guardian] Former Art Dealer Sentenced To 7 Years For $86 Million Fraud Scheme [Justice.gov] Speculators Win Big With Bets on Young Artists - NYT Business Partner Of Art Dealer Inigo Philbrick Pleads Guilty To Defrauding Art Buyers And Financers [Justice.gov] Leading artists worldwide in 2021, by auction revenue - Statista Half of Van Gogh’s art has been purchased by Chinese collectors and speculators - The Art Newspaper
Fat Shamming | The Guy Who Corrupted the U.S. Navy
Mar 29 2023
Fat Shamming | The Guy Who Corrupted the U.S. Navy
In this episode, Caleb and Greg discuss the saga of “Fat Leonard,” a contractor slash concierge slash fixer slash pimp for the United States Navy. SponsorsTri-Merit - https://ohmyfraud.promo/trimeritPatriot Software - http://ohmyfraud.promo/patriot South Carolina Association of CPAs (SCACPA) - https://ohmyfraud.promo/scacpaHOW TO EARN FREE CPEIn 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.Launch the course on EarmarkCPE to get free CPE/CE for listening to this episode.Download the app:Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appQuestions? Need help? Email support@earmarkcpe.com.CONNECT WITH THE HOSTSGreg Kyte, CPATwitter: https://twitter.com/gregkyteLinkedIn: https://www.linkedin.com/in/gregkyte/Caleb NewquistTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/EMAIL : ohmyfraud@earmarkcpe.comSources: Fat Leonard Scandal — WikipediaFat Leonard Podcast - XPRX Project BrazenFat Leonard: Malaysian criminal in US Navy scandal recaptured after jail break — BBCTrials are finally wrapping up in the 'Fat Leonard' bribery case — NPRU.S. Navy Admiral Sentenced To Prison In Bribery Scandal — NPRProstitutes, vacations and cash: The Navy officials ‘Fat Leonard’ took down - Washington PostPenalties for Adultery — Military Law CenterDoD rules on gifts — U.S. Army
Dishonest, Remarkably Stupid Conduct | The EY Ethics Exam Cheating Scandal
Mar 15 2023
Dishonest, Remarkably Stupid Conduct | The EY Ethics Exam Cheating Scandal
Certified Public Accountants (CPA) are highly regarded, ethical professionals trusted by businesses and individuals alike. But that doesn’t mean some aren’t capable of impressively unethical behavior. In this episode, Caleb and Greg discuss a case involving the mega accounting firm Ernst & Young that highlights behavior that’s not uncommon in the profession and what that means for accountants’ ethics more broadly.SponsorsTri-Merit - https://ohmyfraud.promo/trimeritPatriot Software - http://ohmyfraud.promo/patriotHOW TO EARN FREE CPEIn 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.Launch the course on EarmarkCPE to get free CPE/CE for listening to this episode.Download the app:Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appQuestions? Need help? Email support@earmarkcpe.com.CONNECT WITH THE HOSTSGreg Kyte, CPATwitter: https://twitter.com/gregkyteLinkedIn: https://www.linkedin.com/in/gregkyte/Caleb NewquistTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/EMAIL : ohmyfraud@earmarkcpe.comSources:SEC press releaseSEC order Ernst & Young to Pay $100 Million Fine After Auditors Cheated on Ethics Exams [NYT] SEC Includes Novel Probe Into Lawyers’ Actions in EY Settlement [WSJ]
High Steaks Fraud | The Case of Easterday Farms
Feb 15 2023
High Steaks Fraud | The Case of Easterday Farms
Caleb grew up in farm country, and Greg did not. No problem, though, together they talk through a case of a large ranching operation at the center of a massive fraud. SponsorsTri-Merit - https://ohmyfraud.promo/trimeritPatriot Software - http://ohmyfraud.promo/patriotHOW TO EARN FREE CPEIn 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.Launch the course on EarmarkCPE to get free CPE/CE for listening to this episode.Download the app:Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appQuestions? Need help? Email support@earmarkcpe.com.CONNECT WITH THE HOSTSGreg Kyte, CPATwitter: https://twitter.com/gregkyteLinkedIn: https://www.linkedin.com/in/gregkyte/Caleb NewquistTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/EMAIL : ohmyfraud@earmarkcpe.comSources: Betting the Ranch - High Country News Rancher takes $244 million from Tyson Foods in ghost cattle scam - KKTV Colorado SpringsTri-Cities Rancher Sentenced to Eleven Years in Federal Prison and Ordered to Pay $244 Million in Restitution for “Ghost Cattle” Fraud - DOJ Rancher Sentenced for Running $244 Million “Ghost Cattle Scam - DOJEastern Washington Cattle Rancher Sentenced to 11 Years in Prison for 'Ghost Cattle' Scam - Big Country NewsEasterday Farms WebsiteWinning Bid on Easterday Assets: $209M - Progressive Farmer Washington Man Pleads Guilty in $244 Million Ghost Cattle Scam - DOJ Court Documents on Sentencing and Restitution - U.S. District Court Other Court Documents & Information - U.S. District Court Types of Beef Cattle Operations - CAERT Inc. Beef Cattle Production - UC Davishttps://www.investopedia.com/terms/s/speculator.asphttps://www.cmegroup.com/education/courses/introduction-to-futures/understanding-the-role-of-speculators.htmlhttps://en.wikipedia.org/wiki/Speculationhttps://www.investopedia.com/ask/answers/06/forwardsandfutures.asp#:~:text=A%20forward%20contract%20is%20a,the%20end%20of%20the%20contract https://www.investopedia.com/terms/d/delivery-point.asp#:~:text=The%20futures%20contract%20buyers%20who,physical%20delivery%20of%20the%20asset.
The Honest Truth About the Dishonesty Professor: Part 2
Feb 1 2023
The Honest Truth About the Dishonesty Professor: Part 2
Caleb and Greg conclude their discussion of distinguished professor and author Dan Ariely and the issues raised around one of his most notable works. You might call it: “The Case of the Dishonesty Professor and The Screwy Data.”SponsorsTri-Merit - https://ohmyfraud.promo/trimeritPatriot Software - http://ohmyfraud.promo/patriot South Carolina Association of CPAs (SCACPA) - https://ohmyfraud.promo/scacpaHOW TO EARN FREE CPEIn 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.Launch the course on EarmarkCPE to get free CPE/CE for listening to this episode.Download the app:Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appQuestions? Need help? Email support@earmarkcpe.com.CONNECT WITH THE HOSTSGreg Kyte, CPATwitter: https://twitter.com/gregkyteLinkedIn: https://www.linkedin.com/in/gregkyte/Caleb NewquistTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/EMAIL : ohmyfraud@earmarkcpe.comSources: Evidence of Fraud in an Influential Field Experiment About Dishonesty — Data Colada blogA study on dishonesty was Based on fraudulent data — The EconomistAre we in control of our decisions? — Dan Ariely TED TalkWhy we think it’s OK to cheat and steal (sometimes) — Dan Ariely TED TalkThe Honest Truth About Dishonesty — Book by Dan ArielyPredictably Irrational — Book by Dan ArielyA Famous Honesty Researcher Is Retracting A Study Over Fake Data — BuzzfeedBehavioral researcher says he ‘undoubtedly made a mistake’ in false data scandal — The Times of IsraelWhen We’re Wrong, It’s Our Responsibility as Scientists to Say So — Scientific AmericanSigning at the end versus the beginning does not decrease dishonesty — PNAS
The Honest Truth About the Dishonesty Professor
Jan 18 2023
The Honest Truth About the Dishonesty Professor
SponsorsTri-Merit - https://ohmyfraud.promo/trimerit South Carolina Association of CPAs (SCACPA) - https://ohmyfraud.promo/scacpaHOW TO EARN FREE CPEIn 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.Launch the course on EarmarkCPE to get free CPE/CE for listening to this episode.Download the app:Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appQuestions? Need help? Email support@earmarkcpe.com.CONNECT WITH THE HOSTSGreg Kyte, CPATwitter: https://twitter.com/gregkyteLinkedIn: https://www.linkedin.com/in/gregkyte/Caleb NewquistTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/EMAIL : ohmyfraud@earmarkcpe.comSources: Evidence of Fraud in an Influential Field Experiment About Dishonesty — Data Colada blogA study on dishonesty was Based on fraudulent data — The EconomistAre we in control of our decisions? — Dan Ariely TED TalkWhy we think it’s OK to cheat and steal (sometimes) — Dan Ariely TED TalkThe Honest Truth About Dishonesty — Book by Dan ArielyPredictably Irrational — Book by Dan ArielyA Famous Honesty Researcher Is Retracting A Study Over Fake Data — BuzzfeedBehavioral researcher says he ‘undoubtedly made a mistake’ in false data scandal — The Times of IsraelWhen We’re Wrong, It’s Our Responsibility as Scientists to Say So — Scientific AmericanSigning at the end versus the beginning does not decrease dishonesty — PNAS
The Koss of Doing Business
Dec 30 2022
The Koss of Doing Business
Thank you to our sponsor, XeroTo learn more go to  http://ohmyfraud.promo/xeroThank you to our sponsor RuBook CreativeUse PROMO CODE - OHMY at checkout to receive 10% off your next orderhttps://www.ohmyfraud.promo/rubookHOW TO EARN FREE CPEIn 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.Launch the course on EarmarkCPE to get free CPE/CE for listening to this episode..Download the app:Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appQuestions? Need help? Email support@earmarkcpe.com.CONNECT WITH THE HOSTSGreg Kyte, CPATwitter: https://twitter.com/gregkyteLinkedIn: https://www.linkedin.com/in/gregkyte/Caleb NewquistTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/EMAIL : ohmyfraud@earmarkcpe.comSources:Koss History Koss Corporation - Company Profile, Information, Business Description, History, Background Information on Koss Corporation [Reference for Business] All The Right Moves [Inc.] The Diva [Milwaukee] Former Koss Corporation Executive Charged in $31 Million Dollar Fraud [FBI] United States of America v. Sujata Sachdeva via Tracy Coenen How an embezzler stole millions from a small company [AccountingWeb] Theft at Koss blamed on relaxed attitude, lax oversight [MJS] SEC v. Koss Corporation and Michael J. Koss [Securities and Exchange Commission] Publicly owned and family-run [Family Business] Sachdeva pleads guilty, says she regrets fraud [MJS] Koss embezzler feared discovery from start [MJS] Former Koss Corp. executive Sachdeva sentenced to 11 years in prison [MJS] SEC Charges Two Accounting Professionals at Milwaukee-Based Company with Fraud [SEC] Koss sues former executive, auditor over alleged embezzlement [MJS] Koss settles claims against former auditor Grant Thornton [MJS] Sachdeva out of prison after serving six years for stealing $34 million from Koss Corp. [MJS] Koss family around $30 million from Reddit-fueled stock market frenzy -- more than the company was worth at the end of 2020 [MJS] Koss Corporation 10-K YE June 30, 2022 [SEC] John C. Koss, Stereo Headphone Innovator, Is Dead at 91 [NYT] Chapter 7 versus Chapter 11: Know the Difference — Investopedia