Professor Elam
Accounting & Investing Info for San Antonio A & M
about
Category: Ethics
-
hursday Sept 30 2021 Victor Lee Farias has been sentenced to 11 year and 3 months for his $7.4 M fraud in a supposed aircraft leasing company. As per usual he never leased anything but prayed on police officers. Many lost their life savings. My two cents, I think it has been a mistake for…
-
Tuesday Sept 21, 2021 Good morning. Let's get down to business. A former head of the Small Business Administration is facing criminal charges in San Antonio that he misappropriated hundreds of thousands of dollars donated to two nonprofits he’s led. Hector Barreto, who headed the SBA for five years under President George W. Bush, was…
-
Weekend Sept 18 2021 Just when I think I have heard of every kind of fraud, along comes counterfeit coupons. A Virginia Beach couple created fake coupons worth millions and re sold them costing business a lot of discounts which were not earned. I must say this is a creative scheme. But as usual, she…
-
Weekend Sept 18 2021 It's hard to keep a sescret among 1,100 employees. KPMG was fined $1450 K for mass cheating on internal exams apparently required by the PCAOB. The fines and punishment are amazingly light. Those involved even e mailed answers around, gee rather lax don't you think?
-
Thursday Sept 16, 2021 Gordon Ernst entered a guilty plea for his involvement with Rick Singer. Singer paid multiple coaches money from parents to admit unqualified students to athletic scholarships. Ernst will forfeit $3.4 M from the scheme. I wonder where he put the $3.4 M, in a US bank? Georgetown University calls it an…
-
Thursday Sept 16, 2021 Rapper Maurice "Mo" Fayne, who appeared on Love & Hip Hop: Atlanta when he was engaged to cast member Karlie Redd in 2018, has been sentenced to 17-and-a-half years behind bars for crimes including the misuse of millions of dollars in PPP loans. The 38-year-old Fayne, who lives in Dacula, Ga.,…
-
Thursday Sept 16, 2021 A cryptocurrency hedge-fund manager who lied about returns on his $90 million fund and siphoned money from its accounts to cover a lavish lifestyle was sentenced to 7½ years in prison Wednesday. Stefan Qin, 24 years old, pleaded guilty in February to one count of securities fraud after prosecutors said he…
-
Thursday Sept 9 2021 I have had the best feedback on the Aaron Beam presentation of anything I have ever introduced to students. One student's Mother worked for Health South, here is his insight, very interesting. I'm always really interested when one of my business classes brings up Healthsouth because my mother is an…
-
Wed Sept 8, 2021 NFL ringleaders sought players eligible for payments from a special fund. They then forged fake invoices for equipment and services that never took place. Gene Upshaw NFL Player Health Reimbursement Account Plan I thought those guys make pretty good money to start with? What Clinton Portis and other ex-NFL players allegedly…
-
Tuesday Sept 7, 2021 Coda to a massive scandal: Two Kraft executives charged in accounting scheme [CNN Business] The SEC announced the formal charges and the settlement on Friday after a long-running regulatory investigation that Kraft disclosed in 2019. The company will pay $62 million as part of the settlement. The agency alleges that from…
Professor Elam 