Latest Questions & Answers

Q: Creative Ventures, LLC (Creative) borrowed nearly $3 million

Creative Ventures, LLC (Creative) borrowed nearly $3 million from defendant Jim Ward & Associates (JWA) to buy property in California. Creative signed promissory notes, payable to JWA. Thereafter, JWA...

Q: Maude Rosenbaum wanted to post bail to get out of prison.

Maude Rosenbaum wanted to post bail to get out of prison. Harvey Bowen agreed to post bail of $7,500 in return for a $7,500 promissory note signed by Rosenbaum and secured by her house. Bowen was not...

Q: Stratford Skalkos was a manager at Avon Products. He issued Avon

Stratford Skalkos was a manager at Avon Products. He issued Avon checks to pay his personal debts. So that no one in the company would know what he was doing, he disguised the name of the payees. For...

Q: Brican LLC was running a scam. The victims were dentists who

Brican LLC was running a scam. The victims were dentists who wanted to lease multimedia systems (called Exhibeos”) for use in their waiting rooms. Each Exhibeo consisted of a computer and a television...

Q: Christina Blasco entered into a “payday loan” with Money Services

Christina Blasco entered into a “payday loan” with Money Services Center (MSC). MSC loaned Blasco $500 and return Blasco left MSC with a signed check for $587.50 which it promised not to cash for two...

Q: A court in Nevada entered an award in favor of Mark and

A court in Nevada entered an award in favor of Mark and Janet Brandell for $435,066.82 against United Productions, Inc. (UP) and Harry R. Jones. When UP and Jones failed to pay the judgment, the court...

Q: Robert D. Potts was a partner at Deloitte & Touche.

Robert D. Potts was a partner at Deloitte & Touche. He served as the concurring partner for audits of Kahler Corp. Kahler owned the University Park hotel, which it listed in its financial statements a...

Q: Arthur Andersen audited Enron Corporation’s financial statements. When Enron’s financial and

Arthur Andersen audited Enron Corporation’s financial statements. When Enron’s financial and accounting problems began to surface at the beginning of August, a senior accountant at Enron told two Ande...

Q: The town of Sanford, Maine, decided to auction off a

The town of Sanford, Maine, decided to auction off a lot it owned. The town advertised that it would accept bids through the mail, up to a specified date. Arthur and Arline Chevalier mailed in a bid t...

Q: For 19 years, Ernst & Ernst audited a small brokerage firm

For 19 years, Ernst & Ernst audited a small brokerage firm, First Securities Company of Chicago (First Securities). Leston B. Nay was president of the firm and owned 92 percent of its stock. He convin...