Description 
How does CPA fraud happen?  Why do seemingly smart people make bad choices?  More importantly, how did Chuck Gallagher, a Tax Partner in a CPA firm, commit a Ponzi scheme that went undetected for almost 4 years? Gallagher will explain the motivation behind his Ponzi scheme, the breakdown in his thinking, and what the firm could have done to stop him. He will also explain why fraud prevention programs that focus only on compliance and legal issues will fail. When you know better, why do it?  Chuck succinctly explains what’s in the mind of the fraudster.



Specific topics include:

• Chuck will pull back the curtain to reveal the truth behind his fraudulent behavior. 
• You will learn the psychology behind the offer to create the fraud, and why smart people are still fooled by fraudsters.
• What are people blinded to seeing when it comes to recognizing fraud and how can the CPA make a difference?
• Likewise, Chuck will talk openly about the consequences and time in prison.
• Does the punishment fit the crime and is it a deterrent?
• Gallagher will tell you why he set up his Ponzi scheme.
• You will learn:
• What Chuck’s partners missed and what CPAs should look for so they aren’t blindsided by a trusted partner’s fraud
• Did his firm violate Statement on Quality Control Standards?
• How he got caught
• Did the firm face disciplinary action at the Board of Accountancy?
• The one question that would have stopped him cold that you can use with your clients and staff to protect yourself
• Is prison like what you see on TV?

Objectives

• Understand specific human dynamics people use to commit fraud
• Identify 3 key components to why people commit fraud
• Build a road map to prevent others from costing you your license

 REGISTER HERE