David Sirota had no idea that getting assigned to a little-known congressman from New England would end up shaping the rest of his life. That New England congressman was Bernie Sanders, and David quickly learned why our political and economic systems work the way they do, and that it’s no accident. Caleb talks to David about his life and career, how corruption entrenched itself in our lives, and the one indulgence that is capable of corrupting him. 

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https://www.davidsirota.com/
https://x.com/davidsirota
 

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Sources:

• French biathlete guilty of fraud wins Olympic gold while scammed teammate comes 80th [Guardian]
• David Sirota [Wikipedia]
• Master Plan [The Lever]
• The Lever

A teenage entrepreneur charms Southern California, and then Wall Street, with his rapidly growing carpet cleaning and insurance restoration empire.

Sponsors
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Sources:

• Behind ‘Whiz Kid’ Is a Trail of False Credit Card Billings [LAT]
• Minkow Is Convicted on All Charges: Jury Decides That ZZZZ Best Founder Masterminded Fraud [LAT]
  https://www.latimes.com/archives/la-xpm-1988-12-15-mn-362-story.html
• ZZZZ Best: The House of Cards Falls [LAT]
  https://www.latimes.com/archives/la-xpm-1987-09-06-mn-6256-story.html
• Police Learn How Mob Moved In on Minkow [LAT]
  https://www.latimes.com/archives/la-xpm-1988-02-21-mn-44325-story.html
• Last Loose End Wrapped Up in ZZZZ Best Fraud Case [LAT]
  https://www.latimes.com/archives/la-xpm-1994-05-05-mn-54183-story.html
• Barry Minkow to Help U.S. Investigators as Part of Plea Deal [LAT]
  https://www.latimes.com/business/la-xpm-2011-mar-30-la-fi-minkow-plea-20110330-story.html
• The Secretary Who Helped Uncover One of America’s Strangest Ponzi Schemes [The Hustle] https://thehustle.co/the-secretary-who-helped-uncover-one-of-americas-strangest-ponzi-schemes
• Barry Minkow Charged With Conspiracy to Manipulate Lennar Stock [DOJ]
  https://www.justice.gov/archive/usao/fls/PressReleases/2011/110324-01.html
• Barry Minkow Sentenced for Securities Fraud Conspiracy (Lennar Short-Sale Case) [DOJ]
  https://www.justice.gov/archive/usao/fls/PressReleases/2011/110721-02.html
• Former Inmate Turned Pastor Barry Minkow Pleads Guilty to Bilking Congregation [DOJ]
  https://www.justice.gov/sites/default/files/usao-sdca/legacy/2015/04/30/cas14-0122-MinkowPR.pdf
• Notorious Conman Turned Pastor Barry Minkow Sentenced to Five Years in Prison for Bilking Congregation [DOJ]
  https://www.justice.gov/usao-sdca/pr/notorious-conman-turned-pastor-barry-minkow-sentenced-five-years-prison-bilking
• Barry Minkow Gets Five More Years [Courthouse News]
  https://www.courthousenews.com/barry-minkow-getsfive-more-years/
• Con Man Gets Prison for San Diego Church Fraud [AP News]
  https://apnews.com/general-news-91612bdc0afb48178a38a41ab99b27bc
• Barry Minkow: All-American Con Man [Fortune]
  https://fortune.com/2012/01/05/barry-minkow-all-american-con-man/

A woman caring for her ailing mother is drawn into a North Korean scheme to infiltrate American companies.

Sponsors
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In the 1970s, two lifelong friends set out to disrupt the computer leasing industry.

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Sources:

• O.P.M. BANKRUPTCY: QUESTIONS ABOUND [NYT]
• The Bubble Bursts Following O.P.M.'s Overnight Success [Washington Post]
• GUILTY PLEAS IN O.P.M. FRAUD CASE [NYT]
• TWO GET PRISON IN COMPUTER CASE [NYT]
• SEC News Digest, January 11, 1983 [SEC]
• ETHICS AND THE LAW: A CASE HISTORY [NYT Magazine]
• S.E.C. FILES SUIT AGAINST FOX & CO. [NYT]

A real estate developer serving time for fraud gets a second chance.

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• (00:00) - Eli Weinstein is Pardoned
• (01:41) - Podcast Announcements and Reviews
• (08:01) - Lakewood Township and Weinstein's Background
• (09:14) - Weinstein's Real Estate Fraud
• (11:09) - Legal Troubles and Indictments
• (16:13) - Weinstein's Sentencing and Clemency
• (22:34) - The Complexity of Executive Clemency
• (24:11) - Weinstein's New Fraud Scheme
• (25:32) - The Optimus Investments Scam
• (30:02) - Unraveling the Fraud
• (35:30) - The Downfall and Legal Consequences
• (40:39) - Reflections on Clemency and Fraud
• (47:09) - Final Thoughts and Credits

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CONNECT WITH CALEB

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Sources:

• Statement from the Press Secretary Regarding Executive Grants of Clemency [WH]
• Lakewood Township, New Jersey [Wikipedia]
• Eli Weinstein’s Second Chances [Bloomberg]
• Leader of $200 Million Real Estate Investment Scam Arrested for Fraud [FBI]
• Leader of $200 million real estate investment scam charged in 45-count indictment with fraud and money laundering [DOJ]
• US v. ELIYAHU WEINSTEIN [DOJ]
• Leader Of Multi-Million Dollar Real Estate Fraud Scheme Pleads Guilty To Fraud And Money Laundering [DOJ]
• Leader of Massive Real Estate Fraud Scheme Sentenced to 22 Years in Prison for Fraud and Money Laundering [DOJ]
• Convicted Ponzi Schemer Eliyahu Weinstein Arraigned on New Charges [FBI]
• Convicted Ponzi Schemer Eliyahu Weinstein Sentenced To Additional 24 Months In Prison On New Fraud And Money Laundering Charges [DOJ]
• The Road to Clemency From Trump Was Closed to Most Who Sought It [NYT]
• Access, Influence and Pardons: How a Set of Allies Shaped Trump’s Choices [NYT]
• A Ponzi Schemer Freed by Trump Strikes Again [Bloomberg Originals]
• Convicted Ponzi Schemer and Alleged Conspirator Indicted for Multimillion-Dollar Fraud Scheme and Obstruction of Justice [DOJ]
• US v. ELIYAHU (“ELI”) WEINSTEIN, a/k/a “Mike Konig,” and ARYEH (“ARI”) BROMBERG [DOJ]
• Ponzi Schemer Who Got Trump Clemency Convicted in New Fraud Case [Bloomberg]
• Convicted Ponzi Schemer and Co-Conspirator Sentenced to 37 Years and 12 Years for $44 Million Fraud Scheme, Money Laundering, False Statements, and Obstruction of Justice [DOJ]
• A Fraudster Pardoned by Trump Gets 37 Years for Running Ponzi Scheme [NYT]
• About the Task Force [DOJ]
• FINANCIAL FRAUD ENFORCEMENT TASK FORCE ANNOUNCES REGIONAL RESULTS OF “OPERATION BROKEN TRUST” TARGETING INVESTMENT FRAUD [DOJ]
• Establishment of the Financial Fraud Enforcement Task Force [Executive Order 13519 / Federal Register]
• President Trump Issues Executive Order to Establish Task Force on Market Integrity and Consumer Fraud [Center for Financial Stability]

Caleb and Zach discuss the past year in Oh My Fraud. 

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CONNECT WITH CALEB

LinkedIn: https://www.linkedin.com/in/calebnewquist/

Sources:

• Columbus zoo seeks foreclosure of former executives' homes to pay restitution in fraud case [The Columbus Dispatch]
• TV drama on gambling scandal surrounding Shohei Ohtani’s ex-interpreter in development [The Athletic]
• SEC Walks Away From Ozy Media, Stanford Fraud Cases [Law360]
• US podcaster who helped convict ‘Queen of the Con’ disappointed at short sentence [The Guardian]

In this short episode, Caleb lays out a few ideas for what an Oh My Fraud Patreon could look like — including ad-free episodes and bonus content — and asks one simple question: would you subscribe?

Before anything launches, Caleb and Zach want to gauge listener interest. If you’ve got 10 seconds, take the quick survey linked in the show notes and let us know.

Take a quick 3 question survey: https://forms.gle/8Wyz8v7DTJ5JFaYJ7

Or email us at [email protected]

David Leary of The Accounting Podcast joins Caleb and Zach to discuss the 2016 hit action movie, The Accountant, starring Ben Affleck.

Sponsors
Routable - http://ohmyfraud.promo/routable
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• (00:00) - The Accountant Bonus Episode
• (04:26) - Overview of 'The Accountant' Movie
• (06:12) - First Accounting Scene: Tax Advice
• (09:39) - Forensic Accounting at Living Robotics
• (15:27) - Uncovering the Fraud
• (21:17) - Mercenaries and Action Scenes
• (30:18) - Money Laundering and Art as Assets
• (39:04) - The Final Confrontation
• (40:44) - The Movie's Conclusion
• (45:11) - The Fraud Triangle Explained
• (52:25) - Forensic Auditing and AI
• (01:02:22) - Movie Review and Final Thoughts
• (01:07:17) - Outro

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A serial fraudster attracts a devoted following when he invents a currency.

Sponsors
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LinkedIn: https://www.linkedin.com/in/calebnewquist/

Sources:

• 58 crypto wallets have made millions on Trump’s meme coin. 764,000 have lost money, data shows [CNBC]
• Pyramid Schemes: How to Lose Friends and Alienate Money [OMF]
• Chairman arrested in Japan 'scam' [BBC]
• Japanese man arrested over 1.4-bn-dlr investment scam [Sydney Morning Herald]
• Arrests made in what could be biggest investment scam in Japanese history [The Guardian]
• Japan to Indict Suspected Swindler Nami in $2.5 Billion Fraud [Bloomberg via Archive]
• Sexy female reporters mobilized to cover L&G chairman [Japan Today]
• Japanese businessman arrested in investment scam [Asia News Network via Wayback Machine]
• Bedding supplier chief given 18 years for investment fraud [Japan Weekly Monitor]
• Sir Frauds a Lot | The Case of Stanford Financial Group [OMF]

Two tales of corruption and deceit from the ancient world.

Sponsors
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Sources:

• Year of the Five Emperors [Wikipedia]
• Pertinax [Wikipedia]
• Didius Julianus [Wikipedia]
• Demosthenes, Against Zenothemis [Scaife Viewer]
• A MODERN INSTANCE OF ZENOTHEMIS V. DEMON [Michigan Law Review]
• Bottomry and Dumb-ass Fraud: Demosthenes 32 - Against Zenothemis [Ancient Classics via YouTube]

Two stories of people attempting to swindle Big Tech. 

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LinkedIn: https://www.linkedin.com/in/calebnewquist/

Sources:

• Verified pro-Nazi X accounts flourish under Elon Musk [NBC]
• U.S. v. Evaldas Rimasauskas [SDNY]
• Lithuanian Man Extradited For Theft Of Over $100 Million In Fraudulent Business Email Compromise Scheme Against Multinational Internet Companies [DOJ]
• Man Pleads Guilty To Phishing Scheme That Fleeced Facebook, Google Of $100 Million [NPR]
• Lithuanian Man Pleads Guilty To Wire Fraud For Theft Of Over $100 Million In Fraudulent Business Email Compromise Scheme [DOJ]
• Leader of Fraud Ring Sentenced [FBI]
• North Carolina Musician Charged With Music Streaming Fraud Aided By Artificial Intelligence [DOJ]
• US v. Michael Smith [SDNY]
• Spotify Paid Over $4.5 Billion to Music Publishers Over the Last Two Years, So Why Are Songwriters Struggling? [Variety]
• A Billion Streams and No Fans [Wired]
• Owner And Two Managers Of Health Care Practice Agree To Pay $900,000 To Resolve Allegations Of Medically Unnecessary Testing [DOJ]