So Much Fraud

Senator Warren wants IRS to build online tax prep; Alliantgroup antics date back over a decade; Crypto lender Celsius has its "desk broken"; Chasing ESG scores may be a mistake; and more!
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Show Notes

1:06 – David Picture with Luca
 
8:30 – Celsius Owes $4.7 Billion to Users But Lacks the Money to Pay
 
Crypto Lender Celsius Files for Chapter 11 Bankruptcy
 
13:21 – Where in the world are the Three Arrows Capital founders? | Fortune
 
EU officials agreed on rules that would regulate the crypto market in the bloc, forcing platforms to seek authorization to operate and providing safeguards to users
 
18:01 – CFTC charges bitcoin firm for operating $1.7 billion crypto scam - Business Insider
 
20:43 – Fintech execs convicted in US after $160 million sent to Nigeria
 
Report Alleges Wirecard Forged Client Data to Obtain €900M SoftBank Investment
 
23:57 – Bad lesson: Accounting professor at Drexel University charged with allegedly using creative bookkeeping to evade millions in taxes – MarketWatch
 
27:37 – CPA Firms That Referred Clients to Alliantgroup Have Been Subpoenaed, Asked to Turn Over 11 Years of Client Data
 
Leann on Twitter: "I’m hearing that the IRS Criminal Investigation raid on alliantgroup allegedly has to do with the 179D racketeering lawsuits filed years ago. Pending confirmation. /14https://t.co/wTqKwk9JSa"
 
Alliantgroup LP v The University Of Texas System And The University Of Houston System – Global Legal Chronicle
 
alliantgroup Comments from Women | InHerSight
 
Strategic Advisory Board | alliantgroup
 
DOJ suing Lane Grigsby and wife over ‘erroneous’ $750,000 tax refund
 
Bloomberg blows the whistle on the IRS
 
36:57 – Neal: Odds of selecting Comey and McCabe for audits were like winning the lottery | The Hill
 
IRS audited former FBI directors Comey and McCabe
 
41:01 – Senator Warren Leads 22 Colleagues in Introducing the Tax Filing Simplification Act of 2022
 
Americans spend 13 hours and $240 on average to file their taxes—while corporations like @Intuit rake in billions. That’s outrageous. Today I;m leading 22 colleagues on legislation to make filing taxes free and easy for taxpayers. The IRS itself can and should adopt my plan; Elizabeth Warren (@SenWarren) July 13, 2022 
 
45:10 – AICPA recommends additional IRS backlog measures - Journal of Accountancy
 
49:43 – Obviously most CPAs are against the 150 hr rule. But what if those extra 30 hours were beneficial?
 
55:33 – AICPA and CIMA name global head of ESG
 
A sharper focus on ESG | Accounting Today
 
1:00:01 – Rising Social Unrest Over Energy, Food Shortages Threatens Global Stability
 
1:04:48 – Message from Donald W LaCroix, CPA via CloudAccountingPodcast.com
 
Message from Lauren M via CloudAccountingPodcast.com
 
Message from Sean Birdsell via CloudAccountingPodcast.com - blake@earmarkcpe.com - Earmark Mail
 
Message from Liz R via CloudAccountingPodcast.com
 

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So Much Fraud
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