July 16, 2018

Man Accused of Using Federal Funds to Purchase Plane, Guns, Porn Gonna Keep His Job Because Tax Season

alaska-tax-season-doj

Anyone who’s gone through a single busy season will tell you that there’s no messing around. It’s crunch time. That’s why many accountants go to work when they’re sick, forgo austere obligations, ignore their loved ones, and in general, compromise their principles to keep busy season moving along as smoothly as possible. Today we have a story of just how far a firm will go to not disrupt the natural order of things.

We’ll start with a recent Department of Justice press release that accuses David Michael McGraw of Fairbanks, Alaska of stealing $315,000 from his former employer:

From 2010 to 2014, McGraw was the Finance Director for the Yukon River Inter-Tribal Watershed Council (“Watershed Council”), a nonprofit corporation formed to improve and preserve the water quality of the Yukon River. The organization received federal grant money in excess of $1 million each fiscal year that McGraw was the Financial Director. According to the indictment, McGraw intentionally misapplied approximately $315,000 from the Watershed Council for his personal benefit including, among other things, the purchase of an airplane, maintenance on the airplane, flight school for himself, the purchase of real estate, more than a dozen firearms, and online pornography fees.

I know what you’re thinking: 1) Who pays for porn? And 2) What does this have to do with an accounting firm’s busy season? Well, it just so happens that McGraw has been working at Clymer, Hall & Davis, a Fairbanks tax prep outfit, for the past four years, and the NBC affiliate wanted to get their thoughts on the matter:

In response to questions about his employee and the accusations, Owner Richard Clymer writes, “During this time l have found David to be a good man, a good family man, and an extremely competent and diligent tax preparer. I am planning to employ David for the last couple of weeks of this tax season to avoid overburdening the rest of the preparer staff. After that, David will be put on administrative leave, to give him the time needed to deal with his legal problems.”

On the one hand, if you’re one of McGraw’s co-workers, you have to be relieved that he’ll be around for the next two weeks. On the other, everyone’s looking at him just a little differently, aren’t they? You just know that one of the guys there is pulling him aside to say, “Dude, I know of a good free site you should check out.”

[DOJ, Webcenter11]

Image: iStock/marekuliasz

Related articles

Firms Sponsoring Golfers – An Analysis

Accounting firms don’t do much advertising. It’s got something to do with ethics and since the CPA exam is ancient history for some we can’t talk specifics.
Firms do like to sponsor stuff related to golf. Tournaments, players, etc. One recipient of accounting firm cash has been widely followed here but now we recently discovered another firm sponsoree that, we feel, may rouse as loyal of a following as Phil.
natalie.jpgThis is Natalie Gulbis who is sponsored by RSM McGladrey.
Natalie works with RSM in partnering with the Special Olympics Golf Program and will be a contributor to RSM’s new golf blog.
We’re not really into golf so we can’t really debate who has a better game or who garners better exposure for their sponsor so, after the jump, we’ve presented a more superficial analysis:


phil-mickelson.jpgnatatlie 2.jpg
We admit that we know nothing about promotion or advertising but if you’ve got opinions on which firm seems to have found the better golfer to sponsor, discuss in the comments.

McGladrey & Pullen Might Want to Think This Whole Divorce Thing Over

gulbis3.jpgThe accounting firm soap opera between McGladrey & Pullen and RSM McGladrey continues as RSM has filed notice terminating the two firms’ agreement and, under no circumstances, will they allow M&P to come crawling back to them without RSM’s involvement.
This was all included in a filing with the SEC, made by H&R Block, who is obviously the pimp in this whole love triangle.
Personally, M&P should probably consider going back to RSM’s sorry ass just to take advantage of the Natalie Gulbis exposure.
Judging by the firm’s response to our earlier mistake, they won’t be listening to us. Poor thing is caught in middle of this whole mess. Natalie, if you ever need to talk, don’t hesitate.
RSM McGladrey wants say in any reconciliation with McGladrey & Pullen [KCBJ]