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Audit

Police & Fire
More Than $103K Missing From Sandy Hook Victims Fund, State Audit Finds More Than $103K Missing From Sandy Hook Victims Fund, State Audit Finds
More Than $103K Missing From Sandy Hook Victims Fund, State Audit Finds An audit requested by the state legislature found that more than $100,000 was unaccounted for from the Sandy Hook Victims Fund. The Fund - which is earmarked to help first responders and teachers who were at the Sandy Hook Elementary School in Newtown on the day a gunman killed 26 people seven years ago - was reportedly co-mingled with cash from other sources, rather than being kept in a separate account of its own. In total, approximately $103,000 is missing, and auditors are currently unable to determine what the misappropriated funds were used for. The Office of Victim Services administ…

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by Zak Failla
News
New Canaan Man Charged In Massive Fraud Scheme Could Get 85 Years In Prison New Canaan Man Charged In Massive Fraud Scheme Could Get 85 Years In Prison
New Canaan Man Charged In Massive Fraud Scheme Could Get 85 Years In Prison A New Canaan man working as an executive for an audit firm is facing nearly 100 years in prison for his role in an elaborate wire fraud scheme. Geoffrey Berman, the United States Attorney for the Southern District of New York, announced this week that David Britt, 54, was among five former employees at accounting firm KPMG who are facing charges in connection with their scheme to defraud the Securities and Exchange Commission for several years through an elaborate series of back channels. The Public Company Accounting Oversight Board (PCAOB), which is overseen by the SEC inspects audit work…

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by Zak Failla