This is the story of tech company, Kubient, and its former CFO and Audit Committee Chair, who fabricated information surrounding the company's nascent revenue scream and lied to its auditors as part of their scheme to conceal the fraud.
This is the story of IRL, an up and coming social app that was once valued at $1 Billion, until it was revealed that most of its users were fake.
This is the story of FTX's external auditor firm, Prager Metis, and the role it might have played in contributing to the spectacular collapse of FTX in November 2022.
Milford Federal Bank is headquartered in Milford, MA, and has been serving its communities since 1887 for over 136 years. Today, it has roughly an asset size of $500 million and 4 locations. In this session, we’re thrilled to have Melissa Mestre, VP Finance at Milford Federal Bank, share her firsthand experience with SkyStem ART.
This is the story of Janet Mello, a civilian who is accused of stealing $100 million from the Army.
University of Wisconsin Credit Union is a $5 Billion dollar institution headquartered in Madison, WI. With more than 300,000 members. UWCU is the third largest credit union in the state of Wisconsin and currently operates 29 full service branches throughout the Madison and Milwaukee metro areas. In this webinar, we will chat with Sandy O’Connor, the Director of Accounting Operations at UWCU, about her accounting team’s journey into the world of month-end close automation and how that made an imp...
This is the story of Tom Stalf, Pete Fingerhut and Greg Bell, who were indicted this month and are charged with fraud and misuse of the Columbus Zoo and Aquarium's assets to the tune of $2 million.
This is the story of John Nock, an Arkansas businessman convicted in $18 million investment fraud conspiracy this September 2023
This is the story of Aimee Boch and her non-for-profit Feeding Our Future, along with 60 other individuals, orchestrated a $240 million scheme to defraud a federal program designed to feed underprivileged children.
Check out the latest episode of the CUES Podcast, "Becoming a CEO With a Vision for Technology and Teamwork," with guest Dana DeFilippis, CCE, CEO of Merck Sharp & Dohme Federal Credit Union . Now CEO at the credit union for two years, DeFilippis has leveraged the knowledge she gathered to help her use technology and teamwork to promote staff innovation and better serve members.
Lancaster Leaf Tobacco Co., Inc., is a subsidiary of Universal Corporation, the leading global leaf tobacco supplier. Lancaster Leaf manages Universal’s dark air cured tobacco operations in all relevant traditional dark air-cured origins. Lancaster Leaf supplies virtually all of the major cigar manufacturers in the U.S. with filler, binder, and wrapper from the U.S. and other origins. In addition to domestic supply, Lancaster exports filler, binder, and wrapper to international cigar manufacture...
This is the story of Ali and Yousef Jaafar, a father and son who were sentenced to federal prison this month in connection with a massive "ten-percenting" scheme that resulted in over $20 million dollars in fraudulent lottery winnings.
This is the story of George Constantine, Marc Elefant and Andrew Dowd. These three individuals, together with others, attempted to defraud their victims of more than $31,000,000 through "trip and fall" accidents in New York. Episode source: https://dailyvoice.com/new-york/mamaroneck/31m-trip-fall-fraud-scheme-attorneys-doctor-sentenced-for-defrauding-ny-businesses/
This is the story of Guo Wengui, who was arrested this week for allegedly orchestrating a complex $1 billion fraud scheme that duped online followers with promises of outsized investment returns.
This is the story of Deloitte Touche Tohmatsu Certified Public Accountants LLP ("Deloitte China"), who paid a $20 million penalty to the SEC for asking clients to perform their own audit testing, and presenting the results as its own.
This Chit Chat session features Jonna Wall, Financial Analyst of Pinnacle Financial Partners, a ~$40 Billion (assets as of 06/30/2022) publicly traded financial institution based in Nashville, TN with locations in many markets throughout the southeast. Join us as we discuss the Bank’s journey to become more efficient during month-end close, at a time when it was also going through a period of tremendous growth.
This is the story of German Nino, a former investment advisor as UBS, who allegedly Stole $5.8 Million from investors’ discretionary accounts.
This is the story of Justin Costello, who allegedly defrauded victims out of $35 million based on the 'mirage' of being billionaire, Harvard MBA, Iraq veteran.
This is the story of Rosa Bonilla, former First Lady of Honduras, who misappropriated $590,000 of public funds and spent it on real estate, credit card payments and her children's school fees.
This episode features Tara Bartko, SVP Accounting and Finance, and Jody Dennison, VP Accounting of Machias Savings Bank. With nearly $2.2 billion in assets, 300 employees, and 16 locations stretching across Maine, the team at Machias Savings Bank believes that with every relationship there is a way to keep their customers moving forward, now and in the future. Founded in 1869, and a leader in customer experience and community, Machias makes an impact beyond products and services by donating near...
This is the story of the City of Cottage Grove, MN, which fell victim to a wire fraud scam to the tune of over $1.2 million in losses. The investigation is still ongoing as of August 2022.
This is the story of Marc Sporn, who committed healthcare fraud worth $20 million to fund a lavish lifestyle.
A key responsibility for anyone in the finance function is closing the company books on a monthly, quarterly and yearly basis. And although to a layperson that may seem like a straightforward process, anyone with an accounting or finance background knows it’s anything but. Filled with multiple stakeholders and dependencies, the financial close can be a complicated process for even a small organization. But that complexity can increase algorithmically with the size of the organization. In this ep...
This is the story of Michael Kail, an ex-Netflix executive convicted of taking $500K+ in bribes and kickbacks from tech companies for approving streaming contracts with Netflix.
This "Chit Chat" session features Matt Guth, VP and Assistant Controller of Citizens and Farmers Bank (C&F Bank), $2 Billion publicly traded financial institution based in Virginia. Join us as we discuss C&F Bank’s journey to build a month-end close process involving less administrative burden and no more paper.
This is the story of Paul Henri Marie Harleman, an accountant who stole more than $1 Million from his clients through his bookkeeper business.
What are the top indicators of a month-end close process that is not up to snuff?
