Cary Spivak – Milwaukee Journal Sentinel The latest business plan at the lofty-sounding Fraud Discovery Institute seems invincible: Gather negative information about a company, place a bet that the price will decline by selling its stock short, and then publish […]

Cary Spivak – Milwaukee Journal Sentinel As investigators, attorneys and accountants sift through the aftermath of the $31 million alleged embezzlement at Koss Corp., a question lingers: Where was Grant Thornton, the national auditing firm that collected more than $625,000 […]

Jane Pribek – Wisconsin Law Journal Beaver Dam attorney James H. Olson, of Olson Law Offices LLC, got a sick feeling when a letter from a nearby community bank arrived at his home. The letter was from the bank vice-president, […]

Compliance Week – Tammy Whitehouse As Congress debates whether to exempt non-accelerated filers permanently from internal control audits—and that debate may take much longer than many expect—lawmakers might want to ponder the breathtaking fraud at Koss Corp. and its implications […]

The case of the alleged $31 million embezzlement by Koss Corp. Vice President of Finance Sue Sachdeva continues to shock many. How does a company with annual revenue in the $40 million range lose such a large amount of money […]

Rich Kirchen – Business Journal of Greater Milwaukee Sue Sachdeva clearly had gained the confidence and trust of Koss Corp.’s top management and she allegedly used that relationship to commit possibly the nation’s largest corporate embezzlement case of 2009. The […]

Doris Hajewski – Milwaukee Journal Sentinel Koss Corp.’s current loss of millions of dollars due to alleged fraudulent accounting is not the first time the Milwaukee company has suffered because of the actions of a manager. The 51-year-old family-controlled business […]

A Weak Economy Can Mean More Employee Theft … and More Awkward Situations in the Workplace ABC News By Michelle Goodman A reader of this column I’ll call Stan received some jarring news upon returning to work after Christmas: His […]

With all the talk about fraud in the last several years, you would think that companies are doing whatever they can to prevent fraud by employees, right? Think again. The number of companies that have radically increased their fraud prevention […]

The IRS is accusing Ausaf Umar Siddiqui, vice president of Fry’s Electronics Inc., of embezzling more than $65 million from the company via a shell company scheme. They say he used the money to pay gambling debts in Las Vegas […]