I keep thinking that maybe I should send this to Russ, and he could keep us all spellbound as the story unfolds....
This last few years has been IMPOSSIBLE to turn a profit. I could not understand that no matter how hard I worked, the cost always seemed to consume the invoices. I was carefully bidding jobs, and looking at the cost of materials, etc.. But in the final analysis the costs were always nearly what the invoices were..
I Knew I was going crazy...
Monday I come to work, and I have a letter from the IRS, they want to levy the entire business... WTH ? There should be no outstanding issues with them...
Cash flow has been hell, but I was sure I had several thousand in the account...
Then the bank calls, we are a $1000 in the hole!
Every dime I ever seen was GONE....
The IRS wants to levy everything.
You know, the typical Monday, same as every other week.
I went to the bank to get a handle on what is going on..
There are a couple of checks out of sequence, let's look at them...
In fact three checks, in the last week, with out of sequence numbers on them....
Who are they written to?
All to the accountant...
We pull up the pictures, and from across the room, I say that is not my signature.
We look back and find dozens, and dozens, and dozens of checks, all to her.....
$2,000 in the last two weeks..
This is someone who I just last weekend helped to move.. 90+ degrees and 80% humidity...
The entire house was just sickening... Crap from Walmart everywhere.
Hundreds of boxes of games in the basement, plastic throw away slum grade toys everywhere. New basketball hoops in the box, a dozen bicycle helmets for two kids, a nearly new bicycle that already does not work...
Sponge Bob going all day on the tube..
A new inflatable boat and paddles, toys, toys, toys..
I will not set foot in Walmart.. and here is trailer loads of crap from there.
Every last thing useless cluttering.
The best thing was that I did not know that I had involuntarily paid for it all.
There would have been a murder on the spot.....
Going back over the years, there was about $60,000 in forged checks.
What happened is that the expense check were entered for the proper amount. So, we got $400 from the steel co. the entry would be for $400.
A couple of months later, the entry would get changed to maybe $700..
This constant inflating the price of everything was hiding the missing money.
I would typically look at the journal entries for the current month, and it all would look OK.
But, at the end of a quarter or year, I had made NO money... Since all the old entries were cooked..
So, the bank told me to report it to the Police..
The Police told me to just get the papers from the bank....
We are going through it all to figure out what happened...
Forging check is pretty clear a crime of forgery.
Not sure what the cooking of the books is..
The Police dept is just a couple guy in a small village.
Not sure how to proceed and what to watch out for.
We called an accounting firm for advice. Not a lot of experience with the proper procedure to clean up a mess like this.....
She has NO assets, and after talking to her, she has Mountains of debt to the point that her wages (at her full time job) were garnished.
Nothing but a recent large dumpster of Walmart crap, and house still full of it.
This last few years has been IMPOSSIBLE to turn a profit. I could not understand that no matter how hard I worked, the cost always seemed to consume the invoices. I was carefully bidding jobs, and looking at the cost of materials, etc.. But in the final analysis the costs were always nearly what the invoices were..
I Knew I was going crazy...
Monday I come to work, and I have a letter from the IRS, they want to levy the entire business... WTH ? There should be no outstanding issues with them...
Cash flow has been hell, but I was sure I had several thousand in the account...
Then the bank calls, we are a $1000 in the hole!
Every dime I ever seen was GONE....
The IRS wants to levy everything.
You know, the typical Monday, same as every other week.
I went to the bank to get a handle on what is going on..
There are a couple of checks out of sequence, let's look at them...
In fact three checks, in the last week, with out of sequence numbers on them....
Who are they written to?
All to the accountant...
We pull up the pictures, and from across the room, I say that is not my signature.
We look back and find dozens, and dozens, and dozens of checks, all to her.....
$2,000 in the last two weeks..
This is someone who I just last weekend helped to move.. 90+ degrees and 80% humidity...
The entire house was just sickening... Crap from Walmart everywhere.
Hundreds of boxes of games in the basement, plastic throw away slum grade toys everywhere. New basketball hoops in the box, a dozen bicycle helmets for two kids, a nearly new bicycle that already does not work...
Sponge Bob going all day on the tube..
A new inflatable boat and paddles, toys, toys, toys..
I will not set foot in Walmart.. and here is trailer loads of crap from there.
Every last thing useless cluttering.
The best thing was that I did not know that I had involuntarily paid for it all.
There would have been a murder on the spot.....
Going back over the years, there was about $60,000 in forged checks.
What happened is that the expense check were entered for the proper amount. So, we got $400 from the steel co. the entry would be for $400.
A couple of months later, the entry would get changed to maybe $700..
This constant inflating the price of everything was hiding the missing money.
I would typically look at the journal entries for the current month, and it all would look OK.
But, at the end of a quarter or year, I had made NO money... Since all the old entries were cooked..
So, the bank told me to report it to the Police..
The Police told me to just get the papers from the bank....
We are going through it all to figure out what happened...
Forging check is pretty clear a crime of forgery.
Not sure what the cooking of the books is..
The Police dept is just a couple guy in a small village.
Not sure how to proceed and what to watch out for.
We called an accounting firm for advice. Not a lot of experience with the proper procedure to clean up a mess like this.....
She has NO assets, and after talking to her, she has Mountains of debt to the point that her wages (at her full time job) were garnished.
Nothing but a recent large dumpster of Walmart crap, and house still full of it.