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05-05-2013, 06:44 PM
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#1 | | resident Oil Guru
Join Date: Mar 2005 Location: Vancouver
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| Local Accountant Embezzled more than 1 million
Law accountant is charged with embezzling more than $1 million  Quote:
In a 2006 Metropolitan Home magazine article, Bayda, who described herself as a financial consultant who has lived in Europe and Asia, showed off her dream home in a multi-page spread. In it, she talked about building her dream house from the ground up with the help of a high-end architect — a three-level, 2,400-square-foot, glassed-in, open-concept home with a central reflecting pool.
Bayda boasted of furnishing it with custom-made built-ins and pieces she sourced in Milan. The toilet was designed by Philippe Starck.
Read more: Law accountant is charged with embezzling more than $1 million | No one likes to talk about it, but local corruption happens. Only she was unlucky and got caught..
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05-05-2013, 07:42 PM
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#2 | | It's like going crazy when you're already nuts
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The company my dad does some subcontractor work from time to time had somewhere between 2-2.5 million taken from them over a span of 20 something years. The new accountant they had hired had discovered the discrepancies but by then the former accountant had left the country already.
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05-05-2013, 07:55 PM
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#3 | | I only answer to my username, my real name is Irrelevant!
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that's what accountants are capable of doing unfortunately and why Internal Controls are so important
but you would think she wouldn't be stealing such small amounts... accountants have the potential to earn so much more and now she's ruined her future potential
and she was a CA jesus what a dumbass
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05-05-2013, 08:25 PM
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#4 | | Ready to be Man handled by RS!
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| Quote:
Originally Posted by LiquidTurbo  Only she was unlucky and got caught.. | Quote:
Originally Posted by jing The company my dad does some subcontractor work from time to time had somewhere between 2-2.5 million taken from them over a span of 20 something years. The new accountant they had hired had discovered the discrepancies but by then the former accountant had left the country already.
Posted via RS Mobile | This is why I don't understand accountants that steal. Eventually you're going to get caught (during an audit, for example). If you're planning to leave the country, then maybe, but not if you're going to remain in your community. Let alone use the funds to build your dream house, which is probably going to get sold to recover the funds.
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05-05-2013, 08:48 PM
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#5 | | MiX iT Up!
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there are always a few bad apples in the bunch. no different from the cop that punched that cyclist.
__________________
Sometimes we tend to be in despair when the person we love leaves us, but the truth is, it's not our loss, but theirs, for they left the only person who couldn't give up on them.
Make the effort and take the risk..
"Do what you feel in your heart to be right- for you'll be criticized anyway. You'll be damned if you do, and damned if you don't." - Eleanor Roosevelt | |
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05-05-2013, 08:50 PM
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#6 | | Official Texas Ambassador
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She was hoping to put aside enough for a down payment on a home in the GVRD. I can respect that.
Also, she has nothing on Rita Crundwell
__________________ Quote:
Originally Posted by MG1 She taught me right from wrong and always told me to stay positive and help others no matter how small the deed - that helping others gives us meaning to carry on. The sun is out today and it's a new day. Life is good. I just needed a slap in the face. | | |
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05-05-2013, 09:45 PM
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#7 | | I only answer to my username, my real name is Irrelevant!
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Originally Posted by El Bastardo She was hoping to put aside enough for a down payment on a home in the GVRD. I can respect that. | she's likely making over $150,000 a year having been designated for over 18yrs (ave is 94k after 5yrs 120k after 9yrs) im sure she has more than enough set aside for a down payment simply from her income
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05-05-2013, 10:24 PM
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#8 | | My homepage has been set to RS
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Jokes on the company. No audits? Fail.
On a side note, I chuckle when small, family/friend companies toss out the notion of internal controls. "My friend would never steal; my brother/sister would never run off with the farm."
Yeah.........well, hope it works out for ya bud. You never know, but covering your ass is always a good idea.
Last edited by subordinate; 05-05-2013 at 10:35 PM.
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05-05-2013, 11:23 PM
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#9 | | I Will not Admit my Addiction to RS
Join Date: Jan 2013 Location: Calgary, AB
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im assuming she wasn't audited because she didn't work for them and was just contracted to do the audists.
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