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McGovern & Greene
Read the results of the latest ACFE survey of occupational fraud investigations.
The data presented in the 2012 Report is based on 1,388 cases of occupational fraud that were reported by the Certified Fraud Examiners (CFEs) who investigated them.
These offenses occurred in nearly 100 countries on six continents, offering readers a view into the global nature of occupational fraud. As in previous years, what is perhaps most striking about the data that was gathered is how consistent the patterns of fraud are around the globe and over time.
The ACFE believes this consistency reaffirms the value of their research efforts and the reliability of their findings as truly representative of the characteristics of occupational fraudsters and their schemes.
Original founder and first president of the ACFE Chicago Chapter (1992 - 1996),
Craig L. Greene recieves a Lifetime Achievement Award.
Presented by President David Marshall
IN THE NEWS: The Association of Federal Defense Attorneys (AFDA)
Criminal Defense attorney Gregory Nicolaysen had hosted the first of a 3-part series of webinars on 2/27/2013. This webinar highlights the escalating importance of choosing effective forensic accountants in both the prosecution and defense of white collar criminals in litigation matters. Insights are offered by forensic accountant Craig L. Greene as well as senior litigation attorney John A. Schwab.
Craig L. Greene, a leading certified fraud examiner, white collar criminologist and founding partner of McGovern & Greene LLP, works as a consultant and expert witness for law firms, corporations, not for profit, governmental and law enforcement agencies, on cases involving allegations of fraud and misrepresentation. In this webinar, he explains important credentials and work experience attorneys should look for in their search for effective forensic accountants to work with in white collar criminal cases.
Listen and learn from an established expert.
Contact us for more information on our Forensic Accounting litigation services.
What will you do if the Federal Government cancels your contract?
Learn how to maximize recovery under complete or partial termination of contract
In the current political climate, companies that contract with the Federal Government need to be aware of the risks associated with Termination for Convenience (T for C) clauses. McGovern & Greene partner, Jim McGovern, has published a series of articles that specifically address these issues. Whether your company is currently engaged in a government contract, or you're considering bidding on one, you'll want to be fully informed on the specifics of government contracts discussed in Jim McGovern's articles:
Jim McGovern is the partner in charge of the Litigation Support, Economic Damages, and Contract Accounting practices at McGovern & Greene LLP. Possessing over 20 years of experience, he is a specialist in areas of litigation support, economic damage analysis, contract claims, and cost accounting. His services, related to construction contracting, government contracting, intellectual property infringement, lost personal earnings, and lost business profits have proven invaluable to the attorneys and clients who benefit from his expertise. In addition to his accounting specialties, Jim McGovern is frequently called to testify as an expert witness in state and federal court, as well as before government contract boards of appeal.
Contact us for more information on our Government Contract Services.
The Federal Bureau of Investigation (FBI) recently issued a report on
Lawyers' Identities Being Used for Fake Websites and Solicitations
"A recent scam has surfaced in which the identify of a Texas attorney, who had not practiced in years, was used to set up a fake law firm website using the attorney's maiden name, former office address, and portions of her professional biography. Other attorneys have complained about the use of their names and professional information to solicit legal work. All attorneys should be on the alert to this scam. If you become aware of the same or a similar situation involving your name and/or law firm, you should immediately report the incident to local authorities, your state Bar, and the FBI at the Internet Crime Complaint Center. Additionally, be sure to closely monitor your credit report or bank accounts to ensure that your identity is not the only thing being stolen. If you have been a victim of an Internet scam or have received an e-mail that you believe was an attempted scam, please file a complaint at www.IC3.gov."
McGovern & Greene LLP advises anyone who recieves an email or phone call from anyone purporting to be an employee or investigator from our office, and demanding payment to reconcile an alleged fraud event, to contact our office directly at 312-692-1000.
Fraud controls lacking at organizations with fewer
than 100 employees.
Small businesses are significantly more likely than their larger counterparts to neglect instituting basic antifraud controls that could save them from costly losses, a recent worldwide survey shows.
Organizations with fewer than 100 employees were significantly outpaced by larger organizations in every fraud control measured in the Association of Certified Fraud Examiners (ACFE) 2012 Report to the Nations on Occupational Fraud and Abuse, which was released in May.
In the first case, partner Craig L. Greene was retained as the Defendant CPA firm expert witness. The case alleged that the CPA firm was negligent in assessing the client's internal control system and that it had failed to discover illegal activity occurring within the client's business. Craig was able to establish in his expert report an aggressive defense to the complaint demonstrating that the firm had in fact performed the engagement in accordance with AICPA Professional Auditing Standards, as well as, successfully refuting the Plaintiff's alleged damage claim. The matter was settled for a nominal amount.
In the second case, Craig was retained as the Plaintiff's consulting expert in a matter alleging malpractice against a CPA for improper tax advice that led to a sizeable tax liability for our client. M&G's tax expert, Peter Wielocha, CPA and Craig working together asserted that the CPA firm had not complied with the AICPA Professional Standards applicable to a Tax Practice; that the CPA firm was in fact negligent in their advice; and ascertained the damage amount sustained by the Client. The matter was settled for the Defendant CPA firm's malpractice policy limits.
The committee forms a vital bridge between CSN and area business and industry. The major goals of the Committee are to actively promote community awareness of CSN's business programs, enhance curriculum, build programs to meet students' needs and to ensure that CSN students receive the most current knowledge and skills designed to make them successful in their chosen fields. Craig is delighted to join this active and important group, and looks forward to being of service to his community.
The Committee primarily focuses on encouraging and fostering creditable conduct by CPAs in fact and appearance, and upholding and enforcing the Code of Professional Conduct. Marnie is honored to play a role in such an important aspect of the accounting profession, and looks forward to her service to the Committee.
McGovern & Greene LLP assisted the Illinois State Toll Highway Authority in a comprehensive and expedited review of all aspects of the proposed Assignment of Lease of the 13 gas stations/convenience stores located at the 7 Oases along the Illinois toll system. ExxonMobil held the leases and wanted to assign its rights to 7-Eleven.
The McGovern & Greene firm was hired to study the potential risks and consequences to
the Tollway and its patrons. Based in part upon the firm's due diligence findings, the
Illinlois Tollway has approved the assignment of the remaining 17 years of ExxonMobil's lease
of the Oases to 7-Eleven, as written about by Crain's.
This is the second such engagement that McGovern & Greene LLP has completed
for the Illinois Tollway.
Read more at Crain's Chicago Business