Hot Topics
Three Strikes…You’re Out
June 23, 2023by Kerry SapetAt a Little League game, you usually think about bases being stolen, not cash. Unfortunately, the same volunteers selling hotdogs and cotton candy at the concession stand may also be taking advantage of their volunteer position and stealing. One woman recently pocketed more than $2,000.00 from the team’s concession stand.Read More
Travel Rewards: Hidden Misappropriation
June 23, 2023by Kerry SapetAs a forensic accounting company, SDC frequently sees fidelity insurance claims involving the misappropriation of travel rewards or credit card points. With airlines and hotels offering loyalty programs that provide travel rewards or points, frequent business travelers can rack up a lot of points.Read More
World Bicycle Day on June 3: The Rising Concern In The Bicycle Industry
June 1, 2023by SDC CPAs LLCEmployee theft is a pressing issue that affects various industries, including the bicycle sector. While bicycles bring joy and convenience to many, they have unfortunately become a target for employee theft. The loss of valuable bicycles not only impacts businesses financially but also undermines customer trust and disrupts the cycling community. The bicycle industry has…Read More
Taking Care of Mind and Body
May 19, 2023by Kerry SapetMay is Mental Health Awareness Month, an opportunity to raise awareness and reduce the stigma around mental health issues. While mental health should be a priority year-round, this month is an important reminder to take steps to support the mental health and wellbeing of our colleagues and employees. One of the key places to start…Read More
An “Eggs-travagent” Theft
April 5, 2023by Kerry SapetOn February 11, 2023, a British police department thwarted what they called an “eggs-travagent theft” when they arrested a man driving a semi-truck filled with 200,000 Cadbury Creme Eggs.Read More
Twitter Security
November 30, 2022by Kerry SapetAs anyone with a Facebook, Twitter, or Instagram account knows, privacy settings can be baffling. There’s a multitude of places to click, choices to make, and settings to turn on or off. It can be difficult to know how secure you are when using social media. Complicating matters, some recent events have set off alarm…Read More
Your Subscription Is Up
November 30, 2022by Kerry SapetIf it’s not one scam, it’s another. Hackers have a seemingly endless supply of new and creative ways to bilk you out of your money. The latest rage for hackers is “callback phishing.” In this scam, fraudsters don’t call you, you call them. Callback phishing scams, perpetrated by groups such as Luna Moth, Silent Ransom…Read More
Five Frauds in 2022
November 30, 2022by Kerry SapetOccupational fraud may be the most costly and common type of financial crime in the world, according to the Association of Certified Fraud Examiners (ACFE). “Occupational fraud” means fraud committed by individuals against the organizations that employ them. In 2021, the ACFE estimated that $4.7 trillion is lost to fraud globally. Asset misappropriation schemes, the…Read More
Fowl Play
November 21, 2022by Kerry SapetIt’s sad, but true. Theft of Thanksgiving turkeys runs rampant in November. One year, Tisdale showed up at her small church in Pensacola, Florida to prepare the Thanksgiving feast they serve to the homeless and hungry in their community. Tisdale found the ten turkeys stolen. In Salem, Alabama, the owners of Backwater BBQ arrived the…Read More
Native American Heritage Month
November 21, 2022by Kerry SapetEfforts to honor the contributions Native Americans made to the growth of the United States began in the early 1900s. Dr. Arthur C. Parker, a Seneca Indian, worked with the Boys Scouts of America to create a day honoring the “First Americans.” In 1915, Red Fox James, a Blackfoot Indian, rode horseback from state to…Read More