Professor Elam

Accounting & Investing Info for San Antonio A & M

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  • Professor Elam

    Chris Pettit surrenders Law License

    Wed June 8 2022

    San Antonio former lawyer Chris Pettit has surrendered his law license to the Texas Supreme Court. He is facing multiple lawsuits for looting client accounts and moving money to his own use.

    One may need a SA EN account to access  the article on the surrender.

     

  • Professor Elam

    Chris Pettit Files Bankruptcy Case

    Friday June 3 2022

    San Antonio attorney Chris Pettit has filed a Chapter 11 BK petition claiming assets of $.27.8 M and debts of $15.2 million.

    Chapter 11 os designed for a re organization such as the one GM took.

    I don't see that happening here. He filed as a counter to an involuntary Chapter 7, really bankrupt, by his creditors.

    His petition lists numerous homes and vehicles, all expensive.

    Creditors allege he stole from them. It looks that way as the income listed from the law firm would certainly not support the purchase of so many assets.

    Consider this  $3.6 M Alamo Heights home over looking Olmos Dam.  As always one  wonders how he thought he good get away with it.

    Screen Shot 2022-06-03 at 10.01.31 AM

     

  • Professor Elam

    Avenatti Sentence to Four Years

    Friday June 3 2022

    Michael was sentenced to four years in prison.

    This is this third trial for wrong doing and he is currently serving time for attempting to  shake down Nike. Screen Shot 2022-06-03 at 9.56.16 AM

    He stole $300,000 due his client Stormy Daniels for a book publishing deal.   Why risk prison for $300 K?>

  • Professor Elam

    Accessing Socionomic Resources

    Wed May 25 2022

     
    Anyone at TAMUSA can access The Socionomist through the following steps. 
     
     
    Login with username: TAMUSA
    Password: password
     
    Once logged in, click on "Subscription Services" at the top of the page & then click on "Socionomics"

  • Professor Elam

    Intern Opportunity at Zachary

    Weekend May 21 2022

    Good morning Adrian.

    We have two summer hire opportunities for students who are focusing their career in Accounting or Finance. The opportunity will be from June 13th thru August 12th. Juniors and Seniors are welcome to apply directly to the position at https://1800jobsusa.com/details/77975. FYI…it has also been posted on Handshake.

    Do you know who the best person(s) (Accounting professors, Intern Coordinators, Career Center, etc.) to send this information to?  

    Should you have any questions, please let me know.

    Thanks,

    Zachry Group Logo

    Melinda Perez, SHRM-SCP Manager, Talent Planning

    Zachry Enterprise Solutions, LLC 527 Logwood San Antonio, TX 78221

    perezmh@zachrygroup.com Office: 210-588-6348Cell: 210-325-5163Fax: 210-588-5492www.ZachryGroup.com

    This e-mail may contain confidential and pr

  • Professor Elam

    SA Attorney Accised pf Stealing Millioins

    friday May  20 2022

    Chris Pettit stands accused of stealing millions from clients.

    At least 10 lawsuits have been filed against attorney Christopher “Chris” Pettit in state District Court in San Antonio and elsewhere over the past nine months. The most recent was Wednesday.

    Photo of Patrick Danner
    Patrick Danner, Staff writer
    The Lady Justice statue atop a fountain in front of the Bexar County Courthouse. Multiple lawsuits have been filed in state District Court against San Antonio attorney Christopher “Chris” Pettit. He’s accused of stealing clients’ money.

    The Lady Justice statue atop a fountain in front of the Bexar County Courthouse. Multiple lawsuits have been filed in state District Court against San Antonio attorney Christopher “Chris” Pettit. He’s accused of stealing clients’ money.

    Billy Calzada, Staff

    A San Antonio lawyer is facing mounting accusations that he has stolen millions of dollars from clients.

    At least 10 lawsuits have been filed against attorney Christopher “Chris” Pettit in state District Court in San Antonio and elsewhere over the past nine months. The most recent was Wednesday.

    John Muller, a San Antonio attorney representing a woman who says in a court filing that Pettit “absconded” with about $2.8 million that belongs to her, estimated the amount of client money involved tops $40 million. He based that on conversations he’s had with other lawyers.

  • Professor Elam

    Catholic Church Job Opportunities

    Wed May 18, 2022

    I hope you are having a great day! I wanted to connect to share some job opportunities we have here at the Archdiocese of San Antonio for any interested students in your program or alumni. I would greatly appreciate if you would share our employment website below:

     

    https://www.archsa.org/employment

     

    I have listed below some examples of the great job openings we have open:

     

     

    We offer great health, medical, dental, vision, retirement plans and other benefits! Please feel free to share with your students/alumni and have them reach out with any questions. Thank you!

    Thank you,

    Celeste Martinez

    Human Resources Business Partner

    Human Resources Office

    Archdiocese of San Antonio

    2718 W. Woodlawn Ave – San Antonio, Texas 78228

    Direct Line: 210-734-1999 ext:1190

    Celeste.martinez@archsa.org

  • Professor Elam

    Reflections on Graduation

    Tuesday May  10 2022

    I found this on our Andrews High School Facebook page, not bad.

    Here's Dennis Elam's Andrews County News column from last Sunday. Enjoy!
    Dennis Elam
    Thursday July 14, 2016
    Word Count 979
    Note to readers, Dennis Elam departs from the usual business coverage to reflect on an upcoming Fifty Year High School Reunion in Andrews, Texas.
    The Way We Were – 1966
    We didn’t know it at the time but social mood, the Dow Jones Industrial Average, and just about every other positive was peaking at our 1966 graduation from Andrews High School. It had been up, up, up all the way from 1948 to 1966.
    This was the first eighteen years of the group later named baby-boomers. We helped usher in the birth of rock ‘n roll (thanks Little Richard), I Like Ike, I Love Lucy and Ed Sullivan. Disneyland was, as Shrek would say, far, far away in California but I never knew any one who had actually BEEN there. Television provided a platform for the American fascination with the Cowboy from Roy Rogers to Cheyenne Bodie.
    After nearly burning itself up in the Civil Rights Movement, the South did begin to rise as the Sunbelt Economy. Widespread production finally made air conditioning affordable. West Texas offered plenty of sand hills but no ocean, still we enjoyed Surf Crazy lyrics by the Beach Boys. And then there was the Beatles who ironically got famous by recording ole Carl (blue suede shoes) Perkins’ rockabilly tunes.
    Lee Iococoa created the Mustang just for our generation. John DeLorean followed that up by inventing the GTO, spawning the Muscle Car Era. At the same time VW owned ten percent of the car market bragging about its oil capacity in pints not gallons. After all gasoline was 36 cents a gallon, and lower when ‘gas wars’ broke out, often offering a set of steak knives with eight gallons or more! And a new Chevy nicely equipped could be had for $3,000. Only problem was, no one had $3,000.
    I worked all summer as a lifeguard earning a total of $750. But then tuition at Texas public universities was still affordable at $50 a semester.
    We are told life is complicated now and there is not enough time for anything. How did we cram so much into a week back then. Consider a typical day for the Class of 1966.
    I parked my 1957 Chevy in front of the first air conditioned high school in Texas. First up was Bin Goolsby’s fourth year math class.. Mr. Goolsby termed his tests as game day, and then winking would remind us it was in fact a test coming.
    Then it was on to second period with Mr. John Hogue in the Little Theater. Mr. Hogue was a class act. He had Ron Ragsdale come by and treat me to a root beer at the K & W on North Main prior to the start of school. AHS had won the state debate championship the year before, so the bar was set high. Even then those of us involved in debate pondered just how Mr. Hogue got the very best out of all of us. It was a wonderful mixture of high expectations and a bountiful budget that had us at every tournament in West Texas. I had never done better than win two lose two at my previous high school prior to arriving in Andrews. Now in the Big Leagues, I saw how it was done and what was required. As seniors we always advancedfrom the first four rounds to however many final rounds to the play offs. And Ron Ragsdale and Dave Hendrick did win the state championship.
    Third period was Mr. Shoffitt’s physics class. The textbook featured some sort of new-fangled physics, not the Isaac Newton variety. Mr. S was a fine fellow but physics remains a mystery to me to this day.
    Time for lunch and then back to the Little Theater for training in the rest of the speech contests. Yes that is correct. John Hogue had not one but two specialty speaking classes, each aimed at producing winners. This encompassed persuasive, and extemporaneous speaking as well as prose, and poetry reading. I wish I had kept a written journal of all the awards won in, not to mention a few sweepstakes trophies.
    Mrs. Brown’s English class was up next. Today universities are being urged to incorporate more speaking and writing in the curriculum. I suggest they study AHS curriculum in 1966! We were required to write a book report in each six-week period! That was in addition to the reading assignments and tests. I regularly encounter college students who have never written a book report. No wonder America scores low among international students.
    And come to think of it, economics teacher Keith Harding was way ahead of his time. He was lobbying for an administration position and spent sixth period ‘in the office.’ We had our assignments to read and tests to complete. The classroom even included the Wall Street Journal to read, which we enjoyed. Gee, did Keith invent online learning?
    I happened into Sam Hollis’ photography studio one day. While purchasing some film, he offered me a part-time job on the spot. This is what I meant by positive social mood!
    The Statler Brothers recorded the Class of ’57 in 1972. For the official song of the Class of 1966 I suggest the Dave Clark Five hit, Glad All Over. The lyrics reflect the times and the upbeat attitude. What could go wrong after our first eighteen upbeat years?
    I’m feeling glad all over
    Yes, I'm glad all over
    Baby, I'm glad all over
    So glad you're mine
    I'll make you happy (make you happy)
    You'll never be blue (never be blue)
    You'll have no sorrow (have no sorrow)
    Cause I'll always be true (always be true)
    The Academy Awards for 1965 and 1966 went to My Fair Lady and the Sound of Music. No one foresaw that just four years later we would be watching Midnight Cowboy. But that is another story for another column. In 1966,well, we were truly glad all over.

  • Professor Elam

    Gleiim Campus Rep

    Wed May  4 2022

    click here to learn how to become a Gleim Campus Rep

    gleim.com provides review material for

     

    CPA

    CIA

    CMA

    EA

    certifications, The campus rep distributes material and makes presentations about gleim. I used gleim to pass cpa and over a million people since have also become cpas with their material

  • Professor Elam

    Texas CPA Rules of Professional Conduct

    Wed May  4 2022

    I indicated I would research the ethics exam in Texas. Here is the information direct from the TXBPA site.

    Certification – Requirements

    The Board has a statutory obligationSection 901.252 to ensure every person engaged in the practice of public accountancy meets specific eligibility requirements.
    The board shall issue a certificate to a person who meets these requirements:

    • Pass a background investigation
    • Pass the CPA Exam
    • Meet the work experience requirements
    • Pass an exam on the Board's Rules of Professional Conduct which will be emailed to you after you submit the application for issuance.

    The Board conducts a background investigation on each applicant for the CPA certificate.

    Select work experience to find out more information. The current requirements are for one year of full-time work experience under the direct supervision of a licensed CPA.

    A passing score of 85% is required on the open-book examination on the Texas Rules of Professional Conduct. The examination is emailed to you when you pass the CPA exam.

    In addition to the above-mentioned conditions, the following are also required: