Sam Antar is a convict and former CPA. He was the CFO of Crazy Eddie, which by his description was an intentionally fraudulent business.
I recently had opportunity to interview him by phone. Will have more of our conversation in future posts.
What I’m going to do in these discussions is combine his comments and ideas with my thoughts.
Advice for charities
I asked him what advice he would have for small charities to prevent fraud.
Wow, was that a mistake. I should not have used the word “prevent.”
You can’t prevent fraud. If someone is intending to steal or is completely determined to cook the books, they will find a way.