Oh My Fraud

In the 1970s, two lifelong friends set out to disrupt the computer leasing industry.

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CONNECT WITH CALEB
LinkedIn: https://www.linkedin.com/in/calebnewquist/
Sources:
O.P.M. BANKRUPTCY: QUESTIONS ABOUND [NYT]
The Bubble Bursts Following O.P.M.'s Overnight Success [Washington Post]
GUILTY PLEAS IN O.P.M. FRAUD CASE [NYT]
TWO GET PRISON IN COMPUTER CASE [NYT]
SEC News Digest, January 11, 1983 [SEC]
ETHICS AND THE LAW: A CASE HISTORY [NYT Magazine]
S.E.C. FILES SUIT AGAINST FOX & CO. [NYT]

A real estate developer serving time for fraud gets a second chance.

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Routable - http://ohmyfraud.promo/routable
UNC - http://ohmyfraud.promo/unc

 
(00:00) - Eli Weinstein is Pardoned

(01:41) - Podcast Announcements and Reviews

(08:01) - Lakewood Township and Weinstein's Background

(09:14) - Weinstein's Real Estate Fraud

(11:09) - Legal Troubles and Indictments

(16:13) - Weinstein's Sentencing and Clemency

(22:34) - The Complexity of Executive Clemency

(24:11) - Weinstein's New Fraud Scheme

(25:32) - The Optimus Investments Scam

(30:02) - Unraveling the Fraud

(35:30) - The Downfall and Legal Consequences

(40:39) - Reflections on Clemency and Fraud

(47:09) - Final Thoughts and Credits

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Get NASBA Approved CPE or IRS Approved CE
Launch the course on EarmarkCPE to get free CPE/CE
Download the app:
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Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app
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CONNECT WITH CALEB

LinkedIn: https://www.linkedin.com/in/calebnewquist/
Sources:
Statement from the Press Secretary Regarding Executive Grants of Clemency [WH]
Lakewood Township, New Jersey [Wikipedia]
Eli Weinstein’s Second Chances [Bloomberg]
Leader of $200 Million Real Estate Investment Scam Arrested for Fraud [FBI]
Leader of $200 million real estate investment scam charged in 45-count indictment with fraud and money laundering [DOJ]
US v. ELIYAHU WEINSTEIN [DOJ]
Leader Of Multi-Million Dollar Real Estate Fraud Scheme Pleads Guilty To Fraud And Money Laundering [DOJ]
Leader of Massive Real Estate Fraud Scheme Sentenced to 22 Years in Prison for Fraud and Money Laundering [DOJ]
Convicted Ponzi Schemer Eliyahu Weinstein Arraigned on New Charges [FBI]
Convicted Ponzi Schemer Eliyahu Weinstein Sentenced To Additional 24 Months In Prison On New Fraud And Money Laundering Charges [DOJ]
The Road to Clemency From Trump Was Closed to Most Who Sought It [NYT]
Access, Influence and Pardons: How a Set of Allies Shaped Trump’s Choices [NYT]
A Ponzi Schemer Freed by Trump Strikes Again [Bloomberg Originals]
Convicted Ponzi Schemer and Alleged Conspirator Indicted for Multimillion-Dollar Fraud Scheme and Obstruction of Justice [DOJ]
US v. ELIYAHU (“ELI”) WEINSTEIN, a/k/a “Mike Konig,” and ARYEH (“ARI”) BROMBERG [DOJ]
Ponzi Schemer Who Got Trump Clemency Convicted in New Fraud Case [Bloomberg]
Convicted Ponzi Schemer and Co-Conspirator Sentenced to 37 Years and 12 Years for $44 Million Fraud Scheme, Money Laundering, False Statements, and Obstruction of Justice [DOJ]
A Fraudster Pardoned by Trump Gets 37 Years for Running Ponzi Scheme [NYT]
About the Task Force [DOJ]
FINANCIAL FRAUD ENFORCEMENT TASK FORCE ANNOUNCES REGIONAL RESULTS OF “OPERATION BROKEN TRUST” TARGETING INVESTMENT FRAUD [DOJ]
Establishment of the Financial Fraud Enforcement Task Force [Executive Order 13519 / Federal Register]
President Trump Issues Executive Order to Establish Task Force on Market Integrity and Consumer Fraud [Center for Financial Stability]

Caleb and Zach discuss the past year in Oh My Fraud. 

Sponsors
Routable - http://ohmyfraud.promo/routable
ACFE - http://ohmyfraud.promo/acfe
NAEA - http://ohmyfraud.promo/naea

 Get NASBA Approved CPE or IRS Approved CE
Launch the course on EarmarkCPE to get free CPE/CE
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Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app
Questions? Need help? Email [email protected].
CONNECT WITH CALEB
LinkedIn: https://www.linkedin.com/in/calebnewquist/

Sources:
Columbus zoo seeks foreclosure of former executives' homes to pay restitution in fraud case [The Columbus Dispatch]
TV drama on gambling scandal surrounding Shohei Ohtani’s ex-interpreter in development [The Athletic]
SEC Walks Away From Ozy Media, Stanford Fraud Cases [Law360]
US podcaster who helped convict ‘Queen of the Con’ disappointed at short sentence [The Guardian]

In this short episode, Caleb lays out a few ideas for what an Oh My Fraud Patreon could look like — including ad-free episodes and bonus content — and asks one simple question: would you subscribe?
Before anything launches, Caleb and Zach want to gauge listener interest. If you’ve got 10 seconds, take the quick survey linked in the show notes and let us know.

Take a quick 3 question survey: https://forms.gle/8Wyz8v7DTJ5JFaYJ7
Or email us at [email protected]

David Leary of The Accounting Podcast joins Caleb and Zach to discuss the 2016 hit action movie, The Accountant, starring Ben Affleck.

Sponsors
Routable - http://ohmyfraud.promo/routable
ACFE - http://ohmyfraud.promo/acfe
NAEA - http://ohmyfraud.promo/naea

 
(00:00) - The Accountant Bonus Episode

(04:26) - Overview of 'The Accountant' Movie

(06:12) - First Accounting Scene: Tax Advice

(09:39) - Forensic Accounting at Living Robotics

(15:27) - Uncovering the Fraud

(21:17) - Mercenaries and Action Scenes

(30:18) - Money Laundering and Art as Assets

(39:04) - The Final Confrontation

(40:44) - The Movie's Conclusion

(45:11) - The Fraud Triangle Explained

(52:25) - Forensic Auditing and AI

(01:02:22) - Movie Review and Final Thoughts

(01:07:17) - Outro

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Questions? Need help? Email [email protected].
CONNECT WITH CALEB
LinkedIn: https://www.linkedin.com/in/calebnewquist/