9 episodes

Scheme is a podcast about accounting fraud. Not run-of-the-mill fraud like passing $200 of bad checks, but large-scale frauds involving millions of dollars that ruined people's lives. Each episode discusses how a fraud was carried out, and what we can learn from it. Scheme is created and produced by Michael McLaughlin, an accounting professor and creator of Edspira.

Scheme Michael McLaughlin

    • Business
    • 5.0 • 23 Ratings

Scheme is a podcast about accounting fraud. Not run-of-the-mill fraud like passing $200 of bad checks, but large-scale frauds involving millions of dollars that ruined people's lives. Each episode discusses how a fraud was carried out, and what we can learn from it. Scheme is created and produced by Michael McLaughlin, an accounting professor and creator of Edspira.

    Episode 9: Cobalt Multifamily Investors

    Episode 9: Cobalt Multifamily Investors

    The story of Cobalt involves a former associate of the Wolf of Wall Street, and a Ponzi scheme run by a convicted fraudster. Then, Donald Trump got involved.

    • 10 min
    Episode 8: Interpublic

    Episode 8: Interpublic

    Interpublic was forced to restate its financials back to 1997. Had the company committed ANOTHER fraud, right after the first one?

    • 11 min
    Episode 7: Capitol Investments

    Episode 7: Capitol Investments

    Nevin Shapiro was living the high life, and people assumed his high-roller lifestyle was funded by his business, Capitol Investments. But Shapiro’s business hadn’t conducted operations in years...

    • 6 min
    Episode 6: Harvey, Illinois

    Episode 6: Harvey, Illinois

    Satish Gabhawala convinced the city of Harvey to raise $14 million from bond issuances to construct a hotel and 24-hour diner. However, 5 years later the buildings were never finished. Where had the 14 million gone?

    • 12 min
    Episode 5: Equity Funding Corporation

    Episode 5: Equity Funding Corporation

    Equity Funding Corporation of America reported strong growth for nearly a decade, culminating in a record profit in 1973. But just a few weeks later the firm imploded. It seems the company wrote insurance policies for people who didn’t even exist.

    • 10 min
    Episode 4: American Bank Note Holographics

    Episode 4: American Bank Note Holographics

    Just 6 months after American Bank Note Holographics' IPO, the company said it needed to restate its financials…A company that had been created to prevent fraud had lied about its revenue.

    • 12 min

Customer Reviews

5.0 out of 5
23 Ratings

23 Ratings

Yas Ali 03 ,

Absolutely incredible

Micheal’s work has always been of the highest quality and caliber — this podcast is no different. So impressed by his ability to dig through intense data and turn his findings into captivating stories

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