Wessel Forensic Accounting

12/02/2024

Concerned about your HOA's money management?

Have you ever wondered how well your homeowner association's money is being managed? Homeowners and board members in HOAs should be provided all the information they need to be able to get comfortable with how their money is being handled, even if they aren't accountants. And it's the members' mo...

11/07/2024

Have you heard? 🌟

Upstate Mediation Center has been awarded the 2024 Cotton Harness Peace Award by the SC Bar Dispute Resolution Council—the first organization to ever receive this honor!

This award recognizes UMC’s 25 years of dedication to peaceful conflict resolution, helping individuals, families, and organizations find collaborative solutions across the Upstate. Check out the full story and celebrate with us! https://upstatemediation.com/upstate-mediation-center-receives-prestigious-2024-cotton-harness-peace-award/

10/31/2023

"Joining an HOA Board is the natural progression of Middle School Hall Monitors."

-Earl of Effing SC

02/12/2023

Your smile for the day!

06/02/2022

Heads up, attorneys: are your trust accounts independently reconciled on a monthly basis?

A Midlothian woman pleaded guilty today to conspiring to embezzle funds from the trust account of the law firm where she worked.

06/09/2021

Trust is not protection. Set up your procedures like your entire staff is larcenous.

"The money is one thing, but just the betrayal, ... that's the worst part, you know?" Chad Gragg said of the crime.

06/07/2021

Stealing cash isn't the only way to embezzle.

Three former Boston police officers who live on the South Shore agree to plead guilty to an overtime fraud scheme.

05/24/2021

Churches are frequent targets because they're easy. Trust isn't protection.

The woman is accused of forging bank checks.

05/11/2021

Perhaps it started while an employee worked through an unsecured home network.

"Direct attacks on operational technology are rare because these systems are usually better protected, experts say.

So it's more likely the hackers gained access to Colonial's computer system through the administrative side of the business.

"Some of the biggest attacks we've seen all started with an email," Mr Niccolls says. "

Attacks on critical national infrastructure are an increasing concern, experts say.

04/22/2021

If you own a business, I recommend that you read this article.
Trusting your employees isn't protection.

Often large amounts of money are stolen over long periods of time by close, trusted employees who are close to the owners.

04/19/2021

There are a few good recommendations in this article. It leaves out the two that I feel are most important:

1) All employees need to understand that fraud or embezzlement will not be tolerated and anyone suspected will be investigated and, if possible, prosecuted.

2) Trusting an employee is not protection.

It’s time to talk about the ugly subject of embezzlement again. It seems that several times a year I hear another alarming story of a business owner or non-profit organization