Professor Elam
Accounting & Investing Info for San Antonio A & M
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Category: Audit
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Friday Sept 2 2022 Anyone who has dealt with Chinese authorities knows that serious negotiation starts only after an agreement is signed. Hong Kong learned this lesson the hard way in the decades after the 1984 Sino-British Joint Declaration. Now it’s America’s turn. This week Chinese authorities and the U.S. Public Companies Accounting Oversight Board…
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Wednesday Aug 24 2022 Dear Texas A&M University – San Antonio Student, I hope this email finds you well. You will use the Gleim EQE P-Led Assessment Quiz for Auditing in your ACCT 4311 class for the FALL(22) semester as required material. To obtain access to the Gleim EQE P-Led Assessment Quiz for Auditing and…
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Wed August 24, 222 We are studying ethics and auditing in my classes. Here is what I mean by keeping up with the accounting news to broaden your context of understanding accounting, finance, and ethics. finance.yahoo.com nMalaysain ex PM Najib jailed for 12 eyars in 1MDB Scandal Goldman pays $2 B fine over 1MDB deal…
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Tuesday August 23, 2022 I am teaching two classes on auditing this semester. Here is a handy short video and article on How to Prepare for an Audit I looked and this site provides lots of continuing education on audits. https://yellowbook-cpe.com/
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Friday August 19 2022 Gene Upshaw Health Reimbursement Account Plan June 2017 – Dec 2018 $3.9 M False Claims False claims hyperbaric, cryotherapy, ultrasound for injured players NFL Players plead guilty to health care fraud the fund was created to help NFL players with long term injuries, but these guys stole from that very fund…
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Friday August 19 2022 Wrote about $1 M hot checks Organized weeklong football event 2019 Paid for uniforms, transport, meals Promised college scouts would see the students A prior theft conviction raised to second degree felony Max 20 Year Prison sentence Richard Cardenas created a fraudulent football agency story writing over $1 M in hot…
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Friday August 19 2022 SEC Alleges Robert J Mueller spent $1.5 M investor money for 2nd and 3rd wedding, rings, divorce, vacation cruises, school tuition, condo in Hawaii Deeproot Funds claimed to develop Retro Atomic Zombie Addventureland $58 M from 300 investors Another Ponzi like scheme You have to wonder how he thought he would…
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Friday August 19 2022 iCore Global claimed 156 offices in 64 countries $47.45 B annual transactions Actually two mail boxes at UPS Defrauded investors for $2.1M Samantha Mueting charged seven counts of wire fraud, two other single count i/core Global Execs plead guilty Two executives of iCore Global LLC (iCore) have pleaded guilty to their…
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Wed August 17 2022 Blames Fall for loss of memory Chimnee Van Gundy the Queen of Mobile Homes has not shown up for her second hearing. The Bankruptcy Trustee wants her case dismissed. Van Gundy claims to have made millions with a fixer upper plan regarding mobile homes. But 'investors' say it was a…
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Weekend August 13 2022 Most feauds involve those at the top. but this one went way down the line. Amazing that one could get a $40 Million restitution sentence' working for a car dealership in Plainview Overview of Case https://www.msn.com/en-us/news/crime/bart-reagor-former-reagor-dykes-auto-group-ceo-begins-14-year-prison-sentence/ar-AAX6WQ1 https://www.kcbd.com/2022/03/10/bart-reagor-sentenced-14-years-prison/ https://www.everythinglubbock.com/news/local-news/two-years-after-reagor-dykes-collapsed-where-do-things-stand/ Multiple Sentences https://www.kcbd.com/2020/07/24/bankruptcy-judge-approves-settlement-between-general-motors-reagor-dykes-auto-group/
Professor Elam 