Accounting

4.3

Follow the Money! Spotting Financial Misconduct in Business Records, Fiduciary Documents, and Corporate Management

Credits Available
Credit Status Total
Alaska CLE Reciprocity 6 Total
Alabama CLE Approved 6 Total
Arkansas CLE Approved 6 Total
Arizona CLE Approved 6 Total
California CLE Approved 6 Total
Colorado CLE Approved 7 Total
Connecticut CLE Approved 6 Total
Delaware CLE Approved 6 Total
Florida CLE Approved 7 Total
Georgia CLE Approved 6 Total
Hawaii CLE Approved 6 Total
Iowa CLE Approved 6 Total
Idaho CLE Approved 6 Total
Illinois CLE Approved 6 Total
Indiana CLE Approved 6 Total
Kansas CLE Approved 7 Total
Kentucky CLE Approved 6 Total
Louisiana CLE Approved 6 Total
Maine CLE Approved 6 Total
Minnesota CLE Approved 6 Total
Missouri CLE Approved 6 Total
Northern Mariana Islands CLE Approved 6 Total
Mississippi CLE Approved 6 Total
Montana CLE Approved 6 Total
North Carolina CLE Approved 6 Total
North Dakota CLE Approved 6 Total
Nebraska CLE Approved 6 Total
New Hampshire CLE Approved 6 Total
New Jersey CLE Approved 7.2 Total
New Mexico CLE Approved 6 Total
Nevada CLE Approved 6 Total
New York CLE Approved 7 Total
Ohio CLE Approved 6 Total
Oklahoma CLE Approved 7 Total
Oregon CLE Approved 6 Total
Pennsylvania CLE Approved 6 Total
South Carolina CLE Approved 6 Total
Tennessee CLE Approved 6 Total
Texas CLE Approved 6 Total
Utah CLE Approved 6 Total
Vermont CLE Approved 6 Total
Washington CLE Approved 6 Total
Wisconsin CLE Approved 7 Total
West Virginia CLE Approved 7.2 Total
Wyoming CLE Approved 6 Total
OnDemand
5 hours 55 minutes
Mark Cherry
Marcus Hodge
Carl Ciochon
Julie Globus
With Mark S. Cherry from Mark S. Cherry Attorney at Law, PC + 3 others
Recorded June 12, 2025
Product ID 100443

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Overview

Practical Tips for Reviewing Financial Records for Transaction, Litigation, and Management Attorneys

Do you have the skills and knowledge to spot misconduct in financial documents? In this practical guide, faculty share time-tested detection tactics needed to protect assets and mitigate damage. Get essential financial know-how to identify, prevent, and combat fraud, misrepresentation, and mismanagement in your practice. Register today!

  • Identify common types and signs of financial misconduct.
  • Learn to "read between the lines" when looking for red flags in financial documents.
  • Home in on the top risks of hard money lending and prevent fraud.
  • Explore the many ways funds can be misappropriated and learn to spot the warning signs.

This program was designed in conjunction with NBI’s esteemed 2023-2025 Content Advisory Committee Member Julie Globus.

Abbreviated Agenda

  1. Financial Misconduct - Types and Definitions
  2. Financial Statement Red Flags
  3. Fraud Prediction Models - Beneish Model
  4. Hard Money Lending
  5. Misappropriation of Funds/Assets
  6. Confidential Information vs. Material Non-Public Information
  7. Legal Ethics Considerations

Related Topics

Product ID 100443

Credit Details

Credits Available
Credit Status Total
Alaska CLE Reciprocity 6 Total
Alabama CLE Approved 6 Total
Arkansas CLE Approved 6 Total
Arizona CLE Approved 6 Total
California CLE Approved 6 Total
Colorado CLE Approved 7 Total
Connecticut CLE Approved 6 Total
Delaware CLE Approved 6 Total
Florida CLE Approved 7 Total
Georgia CLE Approved 6 Total
Hawaii CLE Approved 6 Total
Iowa CLE Approved 6 Total
Idaho CLE Approved 6 Total
Illinois CLE Approved 6 Total
Indiana CLE Approved 6 Total
Kansas CLE Approved 7 Total
Kentucky CLE Approved 6 Total
Louisiana CLE Approved 6 Total
Maine CLE Approved 6 Total
Minnesota CLE Approved 6 Total
Missouri CLE Approved 6 Total
Northern Mariana Islands CLE Approved 6 Total
Mississippi CLE Approved 6 Total
Montana CLE Approved 6 Total
North Carolina CLE Approved 6 Total
North Dakota CLE Approved 6 Total
Nebraska CLE Approved 6 Total
New Hampshire CLE Approved 6 Total
New Jersey CLE Approved 7.2 Total
New Mexico CLE Approved 6 Total
Nevada CLE Approved 6 Total
New York CLE Approved 7 Total
Ohio CLE Approved 6 Total
Oklahoma CLE Approved 7 Total
Oregon CLE Approved 6 Total
Pennsylvania CLE Approved 6 Total
South Carolina CLE Approved 6 Total
Tennessee CLE Approved 6 Total
Texas CLE Approved 6 Total
Utah CLE Approved 6 Total
Vermont CLE Approved 6 Total
Washington CLE Approved 6 Total
Wisconsin CLE Approved 7 Total
West Virginia CLE Approved 7.2 Total
Wyoming CLE Approved 6 Total
Select Jurisdiction
CLE

Agenda

All times are shown in

  1. Financial Misconduct - Types and Definitions

    1. Anomalies
    2. Misrepresentation - Intentional
    3. Improper Asset Valuations
    4. Falsification of Documents
    5. Fraudulent Accounting Practices (Tax Related)
    6. Company Losses
    7. High-Pressure Sales Tactics

  2. Financial Statement Red Flags

    1. Anomalies
    2. Repeated Investments
    3. Old Sales Growth Pattern
    4. Outsized Third-Party Transactions
    5. Negative Cash Flows
    6. Fictitious Revenues (Phantom Revenues)
    7. Unusual Interest Rates
    8. Unexplained Withdrawals
    9. Recent Transfers of Cash/High Value Assets

  3. Fraud Prediction Models - Beneish Model

    1. The Model's 8 Variables
    2. Historical Examples: Enron, Argonarm Group, Neapolis Charter Tools
    3. Revisions to the Model

  4. Hard Money Lending

    1. What Is Hard Money Lending?
    2. Interest Rates
    3. Unexpected Fees and Fees Accrued on Fees
    4. Additional Charges
    5. Confessions of Judgment
    6. Repeated Attempts at the Same Fraud

  5. Misappropriation of Funds/Assets

    1. Stealing Money and/or Assets
    2. Financial Embezzlement
    3. Corporate Secrets
    4. Improper Disclosures
    5. Timing Anomalies
    6. Expense Manipulations

  6. Confidential Information vs. Material Non-Public Information

    1. What Does Confidentiality Mean in a Business Context?
    2. Material Non-Public Information - What Is It?
    3. What Are the Differences Between the Two
    4. How Can They Each Be Used and Abused?
    5. Insider Trading Use of MNPI

  7. Legal Ethics Considerations

    1. Data Security
    2. Client Confidentiality
    3. Conflicts of Interest
    4. Preventing Misconduct in Managing Client Trust Accounts
    5. Attorneys Acting as Fiduciaries

Who Should Attend

This program will provide attorneys with a comprehensive overview of financial statements and fraud detection. It will also benefit business owners, law office administrators, accountants, bankers, loan officers, and paralegals.

Speakers

Mark S Cherry
Mark S.
Cherry
Mark S. Cherry Attorney at Law, PC
Marcus B Hodge
Marcus B.
Hodge
ASC Forensic, LLC
Carl D Ciochon
Carl D.
Ciochon
Fennemore
Julie D Globus
Julie D.
Globus
Sabharwal Globus & Lim LLP
Speaker bio
Mark S Cherry

Mark S. Cherry

Mark S. Cherry Attorney at Law, PC
Mark Cherry

is a self-employed attorney and certified public accountant in a general practice law firm in Cherry Hill, New Jersey. His firm has extensive experience in foreclosure prevention, real estate, tax law, and bankruptcy law. Mr. Cherry is admitted to practice in New Jersey, Pennsylvania, federal district courts, bankruptcy court, Federal Court of Appeals, and U.S. Tax Court. He is also qualified as a Certified Valuation Analyst (CVA) in business valuation and a Master Analyst in Financial Forensics (MAFF). Mr. Cherry is a member of the American Institute of Certified Public Accountants (AICPA) and American Association of Attorney-Certified Public Accountants (AAA-CPA). He earned his J.D. degree from the Delaware Law School of Widener University and his B.B.A. degree from Temple University (Moot Court Honor Society).

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Speaker bio
Marcus B Hodge

Marcus B. Hodge

ASC Forensic, LLC
Marcus Hodge

, CPA/ABV/CFF, MBA, CFE is the owner of ASC Forensic, LLC, with offices in Asheville, North Carolina and Spartanburg, South Carolina. He founded ASC Forensic, LLC in 2009 to provide forensic accounting, business valuation and business intelligence services throughout the United States. Mr. Hodge is a certified public accountant licensed in South Carolina and North Carolina; accredited in business valuation by the American Institute of Certified Public Accountants, certified in financial forensics by the American Institute of Certified Public Accountants, and certified by the Association of Certified Fraud Examiners as a certified fraud examiner. He earned his B.A. degree from Clemson University and his M.B.A. degree in accounting from Coastal Carolina University. Mr. Hodge is a member of the American Institute of Certified Public Accountants and Association of Certified Fraud Examiners.

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Speaker bio
Carl D Ciochon

Carl D. Ciochon

Fennemore
Carl Ciochon

is a director with Fennemore LLP, where he practices in the Business Litigation Group. He earned a BA degree in history, cum laude, from UCLA, and a JD degree, cum laude, from UC Law San Francisco. Following law school, Mr. Ciochon clerked for the Honorable Richard M. Bilby, U.S. District Judge for the District of Arizona. He has a diverse background as a trial lawyer, with a particular focus on real estate matters, as well as special expertise with business entity disputes and representations involving investment funds. As a real estate litigator, Mr. Ciochon represents commercial landlords and tenants, developers and homebuilders, title and escrow companies, property managers, and purchasers and sellers of real property. He also has substantial experience in matters involving the ownership and management of business entities and investment funds, including prosecuting and defending breach of fiduciary duty claims. Mr. Ciochon previously served as General Counsel to a $5 billion SEC Registered Investment Adviser. He speaks frequently on subjects relating to his practice.

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Speaker bio
Julie D Globus

Julie D. Globus

Sabharwal Globus & Lim LLP
Julie Globus

is a partner with the law firm of Sabharwal Globus & Lim LLP in West Nyack, New York. She represents banks and hedge funds in the purchase and sale of debt in distressed companies, international and domestic mergers and acquisitions, leveraged acquisitions, and corporate finance. With data privacy and issues of cybersecurity at the forefront of current legal issues, Ms. Globus also assists her clients with building an architectural framework for compliance with state and federal securities, finance, data privacy laws, and with establishing strong internal controls. She also engages in the area of education law, helping students and parents obtain a fair and appropriate public education for their children, as well as resolving education related disciplinary matters. Ms. Globus is an associate member of the Association of Certified Fraud Examiners and is corporate counsel for an international cryptocurrency related company, giving her the opportunity to consult with legal teams in both the U.S. and abroad, each with varying expertise and each trying to wade through the confusion related to cryptocurrency. She earned her B.A. degree from Skidmore College, her M.A. degree from the Hebrew University of Jerusalem on Mt. Scopus and her J.D. degree from Rutgers State University of New Jersey, Newark Campus. Ms. Globus's passion is endurance cycling, and she is an avid middle-distance triathlete.

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