Busted

Hosts Michael Thomas and Drew Howell recap the first season of Busted, all about the trusted employee, detailing lessons learned and common strategies. Stay tuned for a sneak peak of what's to come in season 2 of Busted, focused on ponzi schemes.

In this episode of Busted, Michael Thomas and Drew Howell take a look into the elaborate scheme of Sue Sachdeva, and how she disguised her apparent philanthropic ways into embezzling over $34 million from her employer, Koss Corporation, over a 12-year span.

In this episode of Busted, Michael Thomas and Drew Howell detail the story of Melissa King and the Sandhogs, a historic urban miners union in New York City. Tune in to hear how King, a former third party administrator for the Sandhogs, was able to embezzle over $40 million from the benefit plans and pensions of these labor union workers to fund her extravagant lifestyle.

In episode 1 of Busted, Michael Thomas and Drew Howell discussed the story of the Collin Street Bakery and how their former accountant, Sandy Jenkins, was able to steel over $16 million. In this episode, we are joined by a partner of the Collin Street Bakery, Hayden Crawford, to detail the story of the fraudster, Sandy Jenkins, from inside the bakery's point of view.

In this episode of Busted, Michael Thomas and Drew Howell examine the scheme of former Fry's Electronics Vice President of Merchandising, Ausaf Umar “Omar” Siddiqui, and the elaborate way he was able to steal $65 million from the corporation. Through the influence of his executive-level position, Siddiqui was able to pull off an operational arrangement disguised as a cost-eliminating and profit-maximizing plan to the corporation.

In this episode, Busted hosts and Foley & Lardner lawyers Michael Thomas and Drew Howell walk through the first example of fraud committed by a trusted employee. Accountant Sandy Jenkins defrauded his employer, the Collin Street Bakery in Corsicana, TX, of millions of dollars to fund an excessively lavish lifestyle. Michael and Drew cover how he did it, the red flags that bakery management missed, and the simple methods businesses can take to avoid being victims of similar fraud. Contact us at busted@foley.com DISCLAIMER This podcast is provided for general informational purposes only and is intended as a general overview. The podcast does not constitute legal advice nor solicitation to provide legal services. It is not meant to convey a legal position of Foley & Lardner, LLP (“Foley” or the “Firm”) on behalf of any client, nor is it intended to convey specific legal advice. Any opinions expressed in this podcast do not necessarily reflect the views of the Firm, its partners, or its clients. The podcast is not intended to create, and listening to the podcast does not constitute an attorney-client relationship. The listener should not act upon this information without seeking counsel from a licensed attorney. Foley makes no representations or warranties of any kind, express or implied, as to the content of the podcast or to its accuracy or completeness and accepts no responsibility for an individual who acts or refrains from acting based on information obtained from the podcast. In some jurisdictions, the contents of this podcasts may be considered Attorney Advertising. If applicable, please note that prior results do not guarantee a similar outcome.

Money laundering, Ponzi schemes, scams, and confidence tricks—these are just a handful of the types of financial crime that J. Michael Thomas and Andrew Howell, lawyers at Foley & Lardner LLP and your hosts, will discuss on this podcast. These aren’t just scenes from the movies. These events of fraud happen every day—to real people, in every-day-life situations, and they go undetected until it is too late. Welcome to Busted. DISCLAIMERThis podcast is provided for general informational purposes only and is intended as a general overview. The podcast does not constitute legal advice nor solicitation to provide legal services. It is not meant to convey a legal position of Foley & Lardner, LLP (“Foley” or the “Firm”) on behalf of any client, nor is it intended to convey specific legal advice. Any opinions expressed in this podcast do not necessarily reflect the views of the Firm, its partners, or its clients. The podcast is not intended to create, and listening to the podcast does not constitute an attorney-client relationship. The listener should not act upon this information without seeking counsel from a licensed attorney. Foley makes no representations or warranties of any kind, express or implied, as to the content of the podcast or to its accuracy or completeness and accepts no responsibility for an individual who acts or refrains from acting based on information obtained from the podcast. In some jurisdictions, the contents of this podcasts may be considered Attorney Advertising. If applicable, please note that prior results do not guarantee a similar outcome.