NY Daily Record Since 1908

Bernard Madoff was arrested last month, stunning news to most in the financial community. Madoff was very respected in the securities industry, a former chairman of NASDAQ and a well-known philanthropist. His fraud is being touted as the largest investor ...

If you are anything like me, you are glad to have seen Election Day come and go. Don’t get me wrong, we saw a very exciting and historic election. The constant bombardment of political advertisements did get a little annoying, ...

No one is disputing that the economic news is bad right now. My 401(k) account statement shows an 18 percent loss at the end of September. I haven’t dared to look past that. The price of gas has come down, ...

If you watch “Law & Order: Criminal Intent,” you’ve heard the term “forensic accountant” in relation to an investigation of a homicide. A murder investigation as an example may be a bit extreme, but forensic accountants can work on a ...

Here in the Rochester area we have to maximize our summer season. We visit amusement parks and the beach, have picnics and family reunions. We also mow our grass, seal our driveways and work in our gardens. We only have ...

Rochestarians are generous people — we’re generous with our time and with our money. Charitable organizations thrive here, but just a whisper of fraud can stop the flow of contributions. Contributors want to trust that the cause they support receives ...

Imagine you’re on vacation in Hawaii. You’re sitting on the beach with waves lapping at your feet, a breeze blows gently across your face and a nice cold Corona is in your hand. What could be better≠ Probably not much, ...

Rochester enjoys a dubious distinction. We were ahead of the curve on mortgage fraud. Over a decade ago the Amicos were already working on their $60 million fraud conspiracy. That was well before sub-prime mortgages caused the spike in mortgage ...

Recently I have been working with an owner of a small business here in Rochester to establish some internal controls. His business has been growing rapidly, and he is no longer able to oversee all financial processes. Instead, he hired ...

One of my favorite movies of all time is “Office Space.” It is a movie about employees in a booming software company in the late ‘90s. In short, it is a satire about what it’s like to work in an ...