• How Uncle Nearest’s finance debacle is becoming a lesson in controls

  By Adam Zaki • Jan. 7, 2026

  A lawsuit against the whiskey brand’s former CFO combines misconduct allegations, a nine-figure lender dispute and a court-appointed receivership into a governance case study. Read the full article ➔

• New Jersey nonprofit’s ex-CFO gets 8 years in state prison

  By Dan Niepow • Nov. 24, 2025

  Colleen Witten, the former finance chief of Occupational Training Center Services of Burlington County, also must pay back $2.58 million in restitution to the organization. Read the full article ➔

• Ex-Detroit Riverfront CFO appeals 19-year sentence as impermissible

  By Adam Zaki • Nov. 21, 2025

  William Smith’s legal team says the judge relied on invalid considerations like political corruption and “white flight” in Detroit when sentencing the former finance chief. Read the full article ➔

• Connecticut software firm’s ex-CFO charged with wire fraud

  By Dan Niepow • Nov. 18, 2025

  Prosecutors allege that Pamela Aguilar, who pleaded not guilty to charges, stole as much as $700,000 from her former employer. Read the full article ➔

• Former software firm CFO convicted of wire fraud

  By Dan Niepow • Nov. 14, 2025

  Nevin Shetty faces up to 20 years in prison for funneling more than $35 million from his former employer to a cryptocurrency platform. Defense attorneys are seeking an appeal. Read the full article ➔

• Leaders of Miami investment firm face securities charges

  By Dan Niepow • Oct. 27, 2025

  777 Partners Co-Founder Joshua Wander and CFO Damien Alfalla are named as defendants in a lawsuit brought by the Securities and Exchange Commission. Read the full article ➔

• New Jersey CFO stole nearly $2M from low-income housing complex, prosecutor says

  By Dan Niepow • Sept. 26, 2025

  John O’Donnell has been sentenced to seven years in New Jersey prison for the crime. Read the full article ➔

• CFO says Massachusetts town asked him to engage in ‘unethical’ conduct

  By Dan Niepow • Aug. 26, 2025

  Anthony Ansaldi, finance chief of the town of Concord, Massachusetts, has filed a whistleblower notice against the municipality. Read the full article ➔

• Los Angeles temple, ex-CFO clash in escalating legal battle

  By Adam Zaki • Aug. 22, 2025

  Dana Rubin claims she was fired for flagging questionable spending, while Stephen S. Wise Temple says her allegations are baseless. Read the full article ➔

• Siena Heights University settles whistleblower lawsuit with ex-CFO

  By Adam Zaki • July 29, 2025

  Former CFO Debi Andrews and Siena Heights University have come to a settlement following her claims of being fired for exposing financial misconduct and being at the center of a smear campaign. Read the full article ➔

• Siena Heights University to close amid whistleblower lawsuit from former CFO

  By Adam Zaki • July 10, 2025

  Former CFO Debi Andrews’ whistleblower lawsuit alleges her firing came after exposing financial misconduct at the college and claims she fell victim to a smear campaign by HR as a result. Read the full article ➔

• Florida A&M University’s CFO blasted by state board over systemic audit failures

  By Adam Zaki • June 26, 2025

  “For a chief financial officer to have this systemic breakdown and this loss of risk controls, they would be shown the door so fast it would make their head spin,” one board member said. Read the full article ➔

• Former Loretto Hospital CFO faces new charges, now a $900M COVID fraud case

  By Adam Zaki • June 20, 2025

  Anosh Ahmed, the former CFO of Chicago’s Loretto Hospital who was charged with embezzlement in 2024, is facing new federal charges that accuse him of nearly a billion dollars of attempted fraud. Read the full article ➔

• Feds arrest freight forwarder CFO in alleged scheme to avoid customs duties, launder millions

  By Adam Zaki • June 5, 2025

  Sport LA CFO Ralph Olarte is accused of bribing public officials and Mexican drug cartels with laundered money to avoid paying import taxes on billions of dollars worth of goods. Read the full article ➔

• Chinese CFO arrested in the Philippines amid embezzlement accusations: Trial Balance

  By Lauren Muskett and Adam Zaki • June 2, 2025

  The finance chief's arrest comes as scrutiny grows over companies serving gamblers blocked from online play in mainland China. Read the full article ➔

• Former Detroit Riverfront Conservancy CFO sentenced for $40M embezzlement

  By Adam Zaki • April 24, 2025

  After a long legal battle, the former nonprofit CFO is set to do nearly 19 years of federal time for stealing over $40 million since 2012. Read the full article ➔

• Former Siena Heights University CFO says she was fired for finding fraud: Trial Balance

  By Lauren Muskett and Adam Zaki • April 14, 2025

  Debi Andrews claims she was fired for enforcing financial controls and advising an administrator to file an alleged sexual harassment claim against the college’s president. Read the full article ➔

• Former Just Salad CFO ‘deprived’ of $1.2M bonus for ‘doing job too well,’ says lawsuit

  By Adam Zaki • April 1, 2025

  Stefan Boyd, the former CFO of Just Salad, is suing his former employer over a payment he says is being kept from him on a technicality. Read the full article ➔

• Oklahoma State University names a new CFO after audit finds $41M in misallocations

  By Adam Zaki • March 14, 2025

  Chris Kuwitzky has been named CFO and will be a key part of the team tasked with reviewing the university’s financial practices following a state-led audit.   Read the full article ➔

• Macy’s delays Q3 earnings after accounting employee hid up to $154M in expenses: Trial Balance

  By Lauren Muskett and Adam Zaki • Nov. 25, 2024

  The retailer said the funds were not stolen, vendor payments were unaffected and the individual responsible is no longer with the company. Read the full article ➔

• Former Detroit Riverfront Conservancy CFO pleads guilty to embezzling over $40M

  By Adam Zaki • Nov. 15, 2024

  The former nonprofit CFO pleaded guilty to one count of wire fraud and one count of money laundering. Read the full article ➔

• Tyson Foods’ CEO succession plan now in question as former CFO pleads guilty to DWI

  By Adam Zaki • Oct. 18, 2024

  John R. Tyson, the former CFO of Tyson Foods, has pleaded guilty to his second alcohol-related charge in as many years, reducing the likelihood of a Tyson family member becoming CEO anytime soon. Read the full article ➔

• Despite political turmoil, the Empire State’s business sector strikes back

  By Adam Zaki • Sept. 17, 2024

  New data from the New York Fed suggests the state’s business conditions are improving, despite the legal and ethical issues surrounding Governor Kathy Hochul and New York City Mayor Eric Adams. Read the full article ➔

• Norfolk Southern’s CFO Mark George replaces ousted CEO

  By Adam Zaki • Sept. 12, 2024

  After CEO Alan Shaw was fired for having an inappropriate relationship with another executive, the company has named a new CEO and an interim CFO.  Read the full article ➔

• RBC ‘selectively quoted’ texts to justify CFO’s firing, lawyer says

  By Dan Ennis • Sept. 10, 2024

  In a new filing, the bank's ex-CFO, Nadine Ahn, said she received “differential treatment” as a woman and denied knowledge of “Project Ken” or an online “LoveBook” another executive allegedly ordered. Read the full article ➔

• Former Columbus Zoo CFO Greg Bell sentenced to 3 years in prison for fraud

  By Adam Zaki • Aug. 27, 2024

  Members of Bell’s leadership team and his son are also facing felony charges in Ohio. Read the full article ➔

• Former Detroit Riverfront Conservancy CFO William Smith set to lose nightclub, other assets

  By Adam Zaki • Aug. 13, 2024

  The “regularly busy” hangout and its potential sale are part of a mutual agreement between Smith and prosecutors to help contribute to the payback process.    Read the full article ➔

• Former RBC CFO suing bank for $36M, citing public humiliation

  By Adam Zaki • Aug. 12, 2024

  Nadine Ahn is seeking $36 million for “public humiliation” and “palpable reputational harm,” according to the lawsuit filed in the Ontario Superior Court of Justice. Read the full article ➔

• Former CFO of Chicago’s Loretto Hospital charged with $15M wire fraud

  By Adam Zaki • July 16, 2024

  Over three years, payments were wired to companies with generic medical supply names that were entirely fictitious.  Read the full article ➔

• Detroit Riverfront Conservancy’s former CFO William Smith and the missing $40M

  By Andy Burt and Adam Zaki • June 20, 2024

  Smith pleaded guilty to wire fraud and money laundering following an FBI investigation, with offenses dating back more than a decade. Read the full article ➔

• PCAOB Hits KPMG Netherlands, Deloitte Affiliates With Exam Cheating Penalties

  By Andy Burt • April 11, 2024

  The civil penalties levied by the PCAOB reflect “egregious” widespread cheating on internal examinations required to maintain a CPA license.  Read the full article ➔

• Royal Bank of Canada Fires CFO Over Undisclosed Personal Relationship

  By Andy Burt • April 8, 2024

  The internal investigation that ousted Nadine Ahn may result in forfeiture of significant compensation due to misconduct. Read the full article ➔

• Former Indiana Schools CFO Charged With Corruption, Theft

  By Andy Burt • April 5, 2024

  Scott Bumgardner faces 21 felony charges for corrupt business influence and theft, as the school system looks to recover the missing funds while shoring up its financial controls.  Read the full article ➔

• Old National Puts CFO Brendon Falconer on Leave Following Child Molestation Charges

  By Dan Ennis • April 3, 2024

  The Evansville, Indiana-based bank named its chief strategy officer as interim CFO on Monday after Brendon Falconer was arrested last week. Read the full article ➔

• South Carolina’s $1.8B ‘Mystery Fund’ Likely a Result of Communication Breakdown

  By Adam Zaki • April 2, 2024

  After coming across $1.8 billion of unaccounted-for cash, South Carolina’s state comptroller is questioning the treasurer’s practices, while the treasurer is blaming poor communication on behalf of the comptroller.  Read the full article ➔

• Former Long Island School CFO Found Guilty, Faces Sentencing

  By Adam Zaki • March 26, 2024

  The former CFO of The Schechter School, David Ostrove, has been found guilty of misappropriating over $8 million dollars from the private Jewish school. Read the full article ➔

• San Francisco 49ers, MLB Star Shohei Ohtani Wrestle With Poor Financial Controls

  By Adam Zaki • March 23, 2024

  A failure to maintain and implement proper accounting controls impacted some of the world’s most successful athletes and professional sports organizations this week. Read the full article ➔

• Former Long Island School CFO on Trial For Stealing $8.4M

  By Adam Zaki • March 1, 2024

  The ex-CFO used the funds to afford a “lavish lifestyle,” according to the Suffolk County ADA Jessica Lightstone. Read the full article ➔

• EY Hit With $3M Ethics Penalty; PCAOB Finds Flaws in 46% of EY Audits

  By David McCann • Nov. 15, 2023

  The Big Four firm says deficiency rate rose to 46% in annual inspections. Read the full article ➔

• Tyson CFO Arrested, Reviving Critics’ Concerns Over Inexperience, Conflict of Interest

  By Andy Burt • Nov. 8, 2022

  John R. Tyson, the recently appointed CFO of Tyson Foods, was arrested in Arkansas on Nov. 6, after becoming intoxicated and waking in a home belonging to a woman he did not know. Per a preliminary arrest report, as reported by KNWA, Tyson was discovered at approximately 2:05 a.m. on Sunday. The ... Read the full article ➔

• PwC Fined Over Audit Failure

  By Lauren Muskett • June 13, 2019

  The U.K. Financial Reporting Council (FRC) fined PwC $5.8 million over failures related to its audits of the 2015 and 2016 financial statements of IT services company Redcentric.The FRC also fined two PwC partners, Jaskamal Sarai and Arif Ahmad, $178,000 each over their failings related to the Re... Read the full article ➔

• McKinsey Accused of Running ‘Criminal Enterprise’

  By Matthew Heller • May 10, 2018

  The founder of corporate restructuring firm AlixPartners has accused rival McKinsey & Co. of making at least $101 million in bankruptcy consulting fees by concealing potentially disqualifying conflicts of interest from the courts.In a complaint filed on Wednesday, Jay Alix said McKinsey had c... Read the full article ➔

• Ex-Soupman CFO Gets Jail for $600K Tax Fraud

  By Matthew Heller • April 13, 2018

  The former CFO of Soupman has been sentenced to nine months in prison for cheating the federal government out of nearly $600,000 taxes on compensation paid to employees of the gourmet soup company that licenses the recipes of the real-life “Soup Nazi.”Robert Bertrand, 63, admitted at his sentenci... Read the full article ➔

• Ex-Bankrate CFO Charged With Criminal Fraud

  By Matthew Heller • Dec. 22, 2017

  The former CFO of Bankrate has been charged with criminal fraud for allegedly manipulating the financial services firm’s books to artificially inflate its stock price and enrich himself and others.The indictment unsealed Wednesday is the latest chapter in the legal troubles of Edward DiMaria aris... Read the full article ➔

• Arrest of Huawei CFO Fans US-China Tensions

  By Matthew Heller • Dec. 6, 2018

  The CFO of Chinese telecom giant Huawei has been arrested in Canada at the request of the United States, fanning fears of a further escalation in tensions between the Trump administration and Beijing.The arrest of Meng Wanzhou, the daughter of Huawei founder Ren Zhengfei, in Vancouver has drawn p... Read the full article ➔

• Ex-American Realty CFO Gets 18 Months in Jail

  By Matthew Heller • Nov. 9, 2017

  Former American Realty Capital Properties CFO Brian Block has been sentenced to 18 months in prison for his role in an accounting fraud that overstated a key metric used to evaluate the REIT’s financial performance.U.S. District Court Judge J. Paul Oetken said Block “participated in a scheme to i... Read the full article ➔

• Banker Arrested For Illegally Profiting From Reverse Mergers

  By Katie Kuehner-Hebert • Sept. 11, 2015

  Benjamin Wey, the head of an investment firm called New York Global Group, was arrested Thursday for allegedly earning tens of millions from manipulating stock prices on Chinese “reverse mergers.”According to Reuters, the office of U.S. Attorney Preet Bharara in Manhattan charged Wey, 43, and his... Read the full article ➔

• SEC Charges Former CFO with Hiding Internal Control Failures

  By Iris Dorbian • July 31, 2014

  The Securities & Exchange Commission has brought charges against Marc Sherman, the CEO of QSGI, a Florida-based computer equipment firm, and Edward L. Cummings, former CFO, for misleading outside auditors and shareholders about internal control deficiencies.The SEC is alleging that both knowi... Read the full article ➔

• It’s Years More Jail for the “Tyco Two”

  By Stephen Taub • Oct. 16, 2008

  It looks like former Tyco International Ltd. chief executive Dennis Kozlowski and former chief financial officer Mark Swartz will be in the slammer for many years more, after all.The New York State Court of Appeals upheld their criminal convictions today, according to Reuters. In a written decisi... Read the full article ➔

• A Hedge Too Far: Bear Ex-Managers Arrested

  By Stephen Taub • June 19, 2008

  Former Bear Stearns hedge-fund managers Matthew Tannin and Ralph Cioffi were arrested, and are expected to be indicted on securities fraud charges after a year-long federal investigation that looked into the collapse of their subprime-mortgage-investment-heavy fund.Separately, after their arrest ... Read the full article ➔

• Remorseful CFO Gets Jail for Embezzlement

  By Stephen Taub • April 1, 2008

  The former CFO of a small provider of products for the photonics industry was sentenced to 46 months in federal prison for embezzling more than $800,000.William Miraglia was ordered to pay $796,621 in restitution to his former employer, Northvale, N.J.-based Photonic Products Group Inc. and an in... Read the full article ➔

• Embezzling CFO Gets Eight Years in Jail

  By Stephen Taub • July 18, 2007

  The former CFO and another former executive at an engineering consulting firm were sentenced Wednesday in connection with their role in a $36-million embezzlement.W. Scott DeLoach, the former finance exec of PBS&J, an employee-owned national engineering and construction, was sentenced to 97 m... Read the full article ➔

• Former NBC Treasurer Arrested

  By Helen Shaw • Jan. 25, 2007

  U.S. federal authorities have arrested the former treasurer of NBC Universal, Victor Jung, 34, on charges that he stole over $800,000 from the media conglomerate and used the money for personal gain.Jung, who was indicted on two counts of wire fraud Thursday, could be sentenced to a maximum of 20... Read the full article ➔

• On the Run, Ex-CEO of Comverse Arrested

  By Stephen Taub • Sept. 27, 2006

  The fugitive former chief executive officer of Comverse Technology Inc. was indicted on a number of counts stemming from the stock options backdating scandal, was arrested Wednesday in Namibia, according to government officials.Jacob “Kobi” Alexander, was arrested under a provisional warrant issu... Read the full article ➔

• Martha Stewart Arrested

  By Marie Leone • June 4, 2003

  Martha Stewart, the famed domestic doyenne and chairperson of Martha Stewart Living Omnimedia Inc. (MSO), was indicted by a federal grand jury today on nine counts. She was charged with committing securities violations, conspiring to commit them, and obstructed justice, among other violations, ac... Read the full article ➔

• Adelphia CFO Arrested

  By Stephen Taub • July 25, 2002

  Adelphia Communications Corp. founder John Rigas, his two sons, and two other finance executives were arrested and charged with bank fraud, securities fraud, and conspiracy yesterday. Apparently, the Rigas family and friends used the company as a “personal piggy bank,” according to Bloomberg’s ac... Read the full article ➔