fraud

What CFOs Need to Know About the IRS Employee Retention Credit Crackdowns
Risk & Compliance

What CFOs Need to Know About the IRS Employee Retention Credit Crackdowns

CFOs that don’t have documentation for the credit should begin working with their legal and accounting teams to ensure compliance.
By Gary Wallace | October 25, 2022
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How Many of Your Primary Controls Are Preventive?
Risk & Compliance

How Many of Your Primary Controls Are Preventive?

Fraud detection is good. Preventing fraud in the first place is even better.
By Perry D. Wiggins | September 1, 2021
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Nikola Founder Charged With Fraud
Risk & Compliance

Nikola Founder Charged With Fraud

The SEC said Trevor Milton repeatedly provided false and misleading information to investors, often communicated to them through social media.
By Lauren Muskett | July 29, 2021
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Nasdaq to Buy Financial Fraud Detection Company Verafin
M&A

Nasdaq to Buy Financial Fraud Detection Company Verafin

The $2.75 billion deal is the largest for the exchange since it acquired OMX in 2008 for $3.8 billion.
By Lauren Muskett | November 19, 2020
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Court Orders Release of PPP Borrower Details
Legal

Court Orders Release of PPP Borrower Details

The decision was a victory for media organizations that sued the SBA for access to data about roughly $600 billion in COVID-19 loans to small businesses.
By Matthew Heller | November 9, 2020
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Former Brixmor Property CFO and CEO Charged with Accounting Fraud
Risk & Compliance

Former Brixmor Property CFO and CEO Charged with Accounting Fraud

The SEC charged the company and four former executives with manipulating non-GAAP measures.
By Lauren Muskett | August 2, 2019
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SeaWorld Attorney Charged with Insider Trading
Risk & Compliance

SeaWorld Attorney Charged with Insider Trading

Associate general counsel Paul Powers traded on nonpublic information that SeaWorld's earnings would exceed expectations.
By Lauren Muskett | April 10, 2019
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Confronting the Harsh Realities of ‘Cross-Industry’ Fraud
Risk Management

Confronting the Harsh Realities of ‘Cross-Industry’ Fraud

CFOs should be alert to the growing threat from professional thieves who perpetrate the same types of fraud across multiple industries and sectors.
By David McCann | February 22, 2019
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SEC: Telecom Firm Artificially Boosted Revenue
Risk & Compliance

SEC: Telecom Firm Artificially Boosted Revenue

How many schemes did telecom expense management company Tangoe have for recognizing revenue improperly and hiding its pre-tax losses?
By Vincent Ryan | September 5, 2018
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SEC Charges Citigroup for Internal Controls Failure
Fraud

SEC Charges Citigroup for Internal Controls Failure

A Citigroup subsidiary failed to detect fraudulent invoices and work estimates in a receivables factoring program for an oil industry provider.
By Vincent Ryan | August 16, 2018
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How to Spot a Fraudulent M&A Target
Risk & Compliance

How to Spot a Fraudulent M&A Target

Here are some of the red flags of fraud that CFOs should watch out for when conducting due diligence.
By Melanie Chen | April 25, 2018
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Rev Rec Poses Health-Care Pricing Problems
Revenue Recognition

Rev Rec Poses Health-Care Pricing Problems

As the industry consolidates, health-care CFOs will encounter a plethora of revenue streams that need to be accounted for.
By David Katz | August 30, 2017
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AP Benchmarks Reveal Opportunities for Fraud
Fraud

AP Benchmarks Reveal Opportunities for Fraud

An APEX Analytix survey uncovers some weak spots in global accounts payable departments.
By Vincent Ryan | August 24, 2017
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Cancer-Fighting Investments Went to Fund Restaurants
Risk & Compliance

Cancer-Fighting Investments Went to Fund Restaurants

The SEC filed charges against a Massachusetts businessman for misusing investment funds intended for two pharmaceutical development companies.
By Vincent Ryan | July 31, 2017
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Raymond James to Pay $150M Over Resort Fraud
Risk & Compliance

Raymond James to Pay $150M Over Resort Fraud

The firm allegedly helped the owner and president of the Jay Peak ski resort misuse $200 million raised from immigrant investors.
By Matthew Heller | April 14, 2017
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