Greene Forensic Accounting Solutions LLP
McGovern & Greene Fraud Archives - Article discusses employee frauds involving fraudulent accounts receivable schemes perpetrated by unscrupulous employees.
Fugitive ex-CEO faces $90M civil penalty
Tomo Razmilovic, the fugitive former chief executive of Symbol Technologies who fled the country after being charged in a $200-million securities fraud case, has been hit with nearly $90 million in ci
Common accounts receivable fraud in small businesses - TGG Accounting
Accounts receivable fraud is any intentional theft or misappropriation of company revenues. According to the 2009 Global Fraud Survey, the average loss due to accounting occupational fraud is $180,000 per occurrence. Accounts receivable fraud is particularly prevalent in small business often due to a lack of segregation of duties. Cash receipts are particularly vulnerable because …
HP says it had to write off $8.8 billion in Q4 because acquired IT company lied about its books [updated]
HP (HPQ) has gotten pretty used to writing off losses in recent quarters, and the company on Tuesday announced that it would incur yet another mammoth write off of $8.8 billion linked to its 2011 a…
The Peregrine Fraud Case Is Worse Than You Thought
Just when you figured the details of the Peregrine fraud case couldn’t get any worse, evidence is emerging that not only paints regulators as even more inept than first suspected, but also indicates that officers at the Iowa-based futures brokerage had reason to believe their boss was stealing customer money.