money laundering

All Fat Guys Can Relate to Ex-BDO Puerto Rico Managing Partner Trying to Put On a Belt

Here’s a question to all my fellow overweight brethren: Is there anything worse than trying to put on a belt while wearing a dress shirt? If you’re like me, after you tuck in the shirt, you poof it out in the front, back, and sides so it doesn’t cling to your stomach and love handles, […]

BDO Puerto Rico Managing Partner Resigns After Indictment In Massive Corruption Scandal

The words “managing partner” and “corruption” used in the same sentence is never a good thing, as we found out in the KPMG/PCAOB information leak scandal. But while there was no scheme to steal confidential information from an audit regulator going on in Puerto Rico, there were allegations of money laundering, theft, and wire fraud […]

Accountants Behaving Badly: Alyssa Milano Lawsuit Settled, Money Laundering, Revenge=Jail Time

Here are some accountants who were up to no good last week. Alyssa Milano settles $10 million suit with former accountant [Variety] Actress Alyssa Milano has settled a legal battle with her former accountant Kenneth Hellie as the case was about to go to trial. Terms of the settlement were not disclosed. Milano and her husband, agent […]

#WednesdayWisdom: Money Laundering Is Not a Specialization CPAs Should Pursue

Laundering your blue Oxford dress shirts, blouses, gray trousers, and fleece vests, good. Laundering money, bad. From the Times of San Diego: A San Diego-based certified public accountant was sentenced Tuesday to 21 months in federal prison for his role in an international drug trafficking, gambling and money laundering organization led by former University of […]

White-Collar Crime Watch: a Whistleblower, a Hero Helicopter Pilot and a Dirty CPA Who Cleaned Money

This month in white-collar crime: Will you use your accounting skills for good or for evil? A new money-making scheme for all of usFun fact: in 1925, a scrap-metal dealer bought the Eiffel Tower from an Austro-Hungarian con-man named The Count. Instead of selling international landmarks to unsuspecting scrap dealers –- which I've considered and […]

New York Puts Deloitte in Time-out Over Standard Chartered

Remember last summer when Deloitte got itself wrapped up in a big international money laundering scandal? It was pretty exciting international intrigue-y stuff! The New York Department of Financial Services fined Standard Chartered bank $340 million last August for helping Iran move money around and now Cuomo & Co. have gotten around to holding Deloitte responsible […]

Deloitte Managed to Get Entangled in a Big International Money Laundering Scheme (Allegedly!)

Reuters reports that a banking unit within Standard Chartered Bank hid more than $250 billion of transactions "by scheming with Iran" that is in violation of U.S. anti-mony laundering laws. Of course, this multitude of transactions couldn't simply have two conspirators, and the order issued by New York's Department of Financial Services fingers Deloitte: [Standard […]