The IRS Scandal, Day 1402: IRS Locates 7,000 Documents Related To Tea Party Targeting (but don't hold your breath for the IRS to relaease them) ---
http://taxprof.typepad.com/taxprof_blog/2017/03/the-irs-scandal-day-1402-irs-locates-7000-documents-related-to-tea-party-targeting.html
Jensen Comment
Perhaps this scandal could've been avoided if Lois Lerner had not refused to testify under oath that the White House did not order her to target the conservative groups that she confessed to targeting..

The Academy Created a Monster:  Fraudulent Journals
A fictitious scientist called Anna O. Szust applied to join the editorial boards of 360 journals—and 48 accepted:  Journals without standards harm science and universities that count them toward tenure and promotion  ---
http://www.nature.com/news/predatory-journals-recruit-fake-editor-1.21662

Why People Elect Crooks:  They flaunt their rough edges as proof that they will fight for the people. And because many have experience subverting the system, they deliver ---
http://www.wsj.com/articles/why-people-elect-crooks-1485303029?mod=djemMER

List of Federal Political Scandals ---
https://en.wikipedia.org/wiki/List_of_federal_political_scandals_in_the_United_States

Corruption in the United States ---
https://en.wikipedia.org/wiki/Corruption_in_the_United_States

Bob Jensen's Rotten to the Core threads ---
http://faculty.trinity.edu/rjensen/FraudRotten.htm

Credit bureau Experian will pay a $3 million fine related to giving credit scores to consumers that were not their true credit score.
Peers Equifax and Transunion reached a settlement on similar allegations in January ---
http://www.latimes.com/business/la-fi-cfpb-experian-scores-20170323-story.html

Bob Jensen's Fraud Updates ---
http://faculty.trinity.edu/rjensen/FraudUpdates.htm 

Despite Modi’s anti-corruption drive, 70% of Indians must still pay bribes for basic services ---
https://qz.com/926239/despite-modis-anti-corruption-drive-70-indians-must-still-pay-bribes-for-basic-services/

Here are some of the larger scandals ---
https://en.wikipedia.org/wiki/Corruption_in_India

Bob Jensen's Fraud Updates ---
http://faculty.trinity.edu/rjensen/FraudUpdates.htm

SEC:  Executives Charged With Manipulating Company's Accounting Systems to Steal Money ---
https://www.sec.gov/news/press-release/2017-64

Bob Jensen's Fraud Updates ---
http://faculty.trinity.edu/rjensen/FraudUpdates.htm

The Quack Doctor --- http://thequackdoctor.com

Upper Iowa:  A Small Private University
Investigation found that staff members improperly handled financial aid funds and changed student grades ---
https://www.insidehighered.com/news/2017/03/17/upper-iowa-put-notice-after-staff-members-mishandled-financial-aid-changed-grades?utm_source=Inside+Higher+Ed&utm_campaign=c36c4fcf32-DNU20170317&utm_medium=email&utm_term=0_1fcbc04421-c36c4fcf32-197565045&mc_cid=c36c4fcf32&mc_eid=1e78f7c952

Bob Jensen's Fraud Updates ---
http://faculty.trinity.edu/rjensen/FraudUpdates.htm

Patients who are paying a co-pay at the pharmacy may in fact be paying the entirety of the prescription cost plus an additional kickback to their Pharmacy Benefits Manager
Keller Rohrback
http://www.scriptsourcing.com/news/patients-paying-co-pay-pharmacy-may-fact-paying-entirety-prescription-cost-plus-additional-kickback-pharmacy-benefits-manager/
Also see
https://www.bloomberg.com/news/articles/2017-02-24/sworn-to-secrecy-drugstores-stay-silent-as-customers-overpay?cmpid=BBD022417_BIZ

Khan Academy Test Prepartion Downloads (for various tests like the ACT, SAT, MCAT, LSAT, GRE, etc.) ---
https://www.khanacademy.org/test-prep

Practice Materials for the LSAT (law school) Examination ---
http://taxprof.typepad.com/taxprof_blog/2017/03/khan-academy-offers-free-lsat-prep-is-free-bar-exam-prep-next.html

Khan Academy provides over 1,000 videos for help in passing the MCAT (medical school) examination ---
https://www.khanacademy.org/test-prep

Bob Jensen's Threads on Free Tutorials and Courses (thousands from the most prestigious universities in the world) ---
http://faculty.trinity.edu/rjensen/000aaa/updateee.htm#OKI

NY Times:  U.S. Agents Raid Caterpillar Over Offshore Tax Practices ---
http://taxprof.typepad.com/taxprof_blog/2017/03/ny-timesus-agents-raid-caterpillar-over-offshore-tax-practices.html

Jensen Comment
As a sidebar, Caterpillar recently moved its world headquarters from Peoria to Chicago. Illinois provided Caterpillar with huge tax breaks to remain in Illinois.

Former Law School Administrators Accused of Stealing More than $100,000 ---
https://www.thecrimson.com/article/2017/3/1/law-school-criminal-complaint/

Bob Jensen's Fraud Updates --- http://faculty.trinity.edu/rjensen/FraudUpdates.htm

The Accidental Whistle-Blower: How a Retired London Journalist Uncovered Massive Corruption Half a World Away ---
http://time.com/4608772/clare-rewcastle-brown-1mdb-malaysia-sarawak-report-najib-razak/?xid=newsletter-brief

Bob Jensen's Fraud Updates --- http://faculty.trinity.edu/rjensen/FraudUpdates.htm

Now when professors refer to hiding money under a mattress they can show a picture of a fraudulent $20 million hidden under a single mattress ---
http://boston.cbslocal.com/2017/01/23/image-20-million-dollars-found-mattress-scheme-westborough/

Jensen Comment
Now all we need is a photograph of millions of dollars in a washing machine to illustrate the concept of laundering money.

Bob Jensen's Fraud Updates --- http://faculty.trinity.edu/rjensen/FraudUpdates.htm

Teaneck Woman Embezzled More Than $160K: Prosecutor ---
http://patch.com/new-jersey/teaneck/teaneck-woman-embezzled-more-160k-prosecutor

TEANECK, N.J. — A township woman accused of embezzling more than $160,000 from her employer was arrested Tuesday, authorities announced.

Jennifer A. Smith, 32, has been charged with computer related theft and theft by deception, said Bergen County Prosecutor Gurbir S. Grewal.

Smith, a controller and accountant, was charged after Smith's Harrington Park employer contacted the police department there after it determined that Smith had diverted and stolen funds in excess of $160,000, Grewal said.

Harrington Park police officers and members of the Bergen County Prosecutor's Office Financial Crimes Unit investigated and determined that from Sept. 1, 2016 and Jan. 31, 2017, Smith accessed the company's computer payroll system and distributed more than $40,000 to herself, the prosecutor said.

The investigation further revealed that Smith distributed used the banking system in January to divert about $120,000 in payments to her bank account, Grewal said.

Continued in article

5 small business scams to look for in 2017 ---
http://www.businessinsider.com/sc/5-small-business-scams-2017-1

Credit-Card Fraud Keeps Rising, Despite New Security Chips—Study ---
https://www.wsj.com/articles/credit-card-fraud-keeps-rising-despite-new-security-chipsstudy-148595400

SEC Fines Citigroup on Claims 60,000 Clients Were Overbilled ---
https://www.bloomberg.com/news/articles/2017-01-26/sec-fines-citigroup-on-claims-60-000-clients-were-overbilled?mod=djemCFO_h

Third ex-Rhode Island lawmaker in 11 days charged criminally ---
http://hosted.ap.org/dynamic/stories/U/US_RHODE_ISLAND_CORRUPTION?SITE=MYPSP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2017-01-23-16-33-49

A former Rhode Island state lawmaker has agreed to plead guilty to fraud charges, becoming the third former House member in 11 days to be charged with criminal conduct and prompting the U.S. attorney to decry the state's political culture.

The charges filed against Democrat Ray Gallison in federal court Monday include mail fraud, wire fraud, aggravated identity theft and filing false tax returns. Gallison, an attorney, acknowledged taking hundreds of thousands of dollars from a dead man's estate and other misconduct.

"This says something about our political culture here, which I think should get our attention," U.S. Attorney Peter Neronha said during a news conference announcing the charges and plea deal.

He listed a long string of local and state public officials his office has prosecuted and sent to prison, including former House Speaker Gordon Fox.

"I wish I could say with confidence that we are at the end of the line, and that no other trains will pass this way," Neronha said. "I suspect, however, that there will be more work to do."

 Continued in article

Nine bankers and businesspeople have been arrested in India
From the CFO Journal's Morning Ledger on January 25, 2017

To be continued, 2. 
Nine bankers and businesspeople have been arrested in India in relation to the demise of Kingfisher Airlines Ltd., the airline controlled by London-based entrepreneur Vijay Mallya. The now-defunct company owes $1.3 billion in debt and accumulated interest, the Financial Times reports.

From the CFO Journal's Morning Ledger on January 20, 2017

Costco settles as well.
Costco Wholesale Corp. has agreed to pay nearly $12 million to settle Justice Department allegations of lax pharmacy controls over a four-year period.

From the CFO Journal's Morning Ledger on January 20, 2017

Western Union settles.
Money-transfer company Western Union Co. has agreed to pay $586 million to resolve U.S. criminal and civil charges that it failed to effectively police customers who were potentially using its services to engage in fraud, authorities said Thursday.

Deutsche Bank Completes $7.2 Billion Mortgage Security Settlement With U.S. German lender admits it made ‘false representations’ to investors ---
http://www.wsj.com/articles/deutsche-bank-completes-7-2-billion-u-s-deal-to-settle-claims-from-financial-crisis-1484684864?mod=djemCFO_h

From the CFO Journal's Morning Ledger on January 18, 2017

Done. 
Deutsche Bank AG completed a $7.2 billion deal to resolve U.S. claims that it misled investors on mortgage securities it sold before the 2008 financial crisis, authorities said. In other news, the bank will inform senior employees as early as this week they probably won’t receive a bonus because of 2016’s performance, Bloomberg reports.

From the CFO Journal's Morning Ledger on January 13, 2017

An endangered species
For CFOs, the margin for error continues to narrow as regulators strive to hold individuals responsible for companies’ misdeeds, CFO.com reports

From the CFO Journal's Morning Ledger on January 13, 2017

Wells Fargo banker sentenced
A former Wells Fargo employee who organized a bank fraud scheme to steal customer-account data was sentenced to more than seven years in prison on Thursday, according to the U.S. Attorney’s Office in the Central District of California.

From the CFO Journal's Morning Ledger on January 13, 2017

The Environmental Protection Agency on Thursday accused Fiat Chrysler Automobiles NV of using software on its diesel-powered Jeep Cherokees and Ram pickups that allowed them to spew illegal amounts of pollution into the air, the latest broadside from the government over emission standards, Chester Dawson and Mike Spector report.

From the CFO Journal's Morning Ledger on January 12, 2017

AICPA updates knowledge guidance
The American Institute of CPAs has updated the “body of knowledge” document that provides guidance to CPA financial planners on what they should know about taxes and other matters, Accounting Today reports. One of the main changes in the document is in the tax-planning component, which has been updated from a stand-alone section and now has been integrated throughout all 12 service areas.

From the CFO Journal's Morning Ledger on January 11, 2017

World Bank says Trump’s tax plan could spur global growth
A mix of government spending and tax cuts could boost U.S. economic growth and jumpstart global business activity, the Washington-based development lender said. Still, the World Bank didn’t include the likely impact of Mr. Trump’s proposals in its forecast for U.S. growth, leaving it unchanged at 2.2% for 2017, due to the early-stage nature of the plans.

From the CFO Journal's Morning Ledger on January 11, 2017

Volkswagen AG is expected as early as Wednesday to agree to plead guilty to criminal wrongdoing and pay a $4.3 billion penalty to resolve a U.S. Justice Department probe of the German auto giant’s diesel-emissions cheating, William Boston, Mike Spector and Aruna Viswanatha report. Volkswagen said in a disclosure to financial markets on Tuesday that it had agreed to a draft settlement with the Justice Department and U.S. customs authorities. If completed, as expected, the unusually severe punishment would resolve the final significant U.S. government action expected against Volkswagen stemming from its emissions cheating.