NFTs...WTF?
Explicit content warning
03/23/22 • 59 min
1 Listener
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Avalara https://ohmyfraud.promo/avalara
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Questions? Need help? Email [email protected].
REFERENCES
- NFTs, explained [The Verge]
- Bored Ape Yacht Club NFT theft shows the ease of hacking crypto [Protocol]
- Non-fungible tokens [Ethereum]
- Beeple’s Opus [Christie’s]
- Icebreakers With...Bloomberg Columnist Matt Levine [Morning Brew]
- Bored Ape Yacht Club: What you need to know about the NFT collection [CNET]
- NFT hack sees collector lose $2.2 million of ‘Bored Ape’ pictures [Independent UK]
- Man Upset That Hackers Stole His Bored Ape NFTs [Vice]
- Fake Banksy NFT sold through artist's website for £244k [BBC]
- Investors Spent Millions on ‘Evolved Apes’ NFTs. Then They Got Scammed. [Vice]
- Booming NFT art market plagued by 'mind-blowing' fraud [Thomson Reuters]
- DeFi ‘Rug Pull’ Scams Pulled In $2.8B This Year: Chainalysis [CoinDesk]
- How NFTs became a $40bn market in 2021 [FT]
A WORD FROM OUR SPONSOR
Thank you to our sponsor, Avalara. Avalara’s award-winning tax automation solutions help accounting practitioners and businesses of all sizes simplify sales tax compliance and with real-time rates, automated returns filing, and more.
In October 2021 IDC MarketScape named Avalara a Leader in tax automation in three categories (small and midsize business, enterprise, and VAT). If you’re considering tax automation, check out the independent IDC evaluations at http://OMF.show/avalara
Learn more about Avalara for Accountants and you’ll get a free gift: meet with an expert to explore how Avalara can help your accounting practice grow, and you’ll receive a $50 gift card. Contact Avalara at [email protected], and mention the code “Fraud”
HOW TO EARN FREE CPE
In less than 10 minutes, you can earn 1 hour of NASBA-approved accounting CPE after listening to this episode. Download our mobile app, sign up, and look for the Oh My Fraud channel. Register for the course, complete a short quiz, and get your CPE certificate.
Download the app:
Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728
Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app
Questions? Need help? Email [email protected].
CONNECT WITH THE HOSTS
Greg Kyte, CPA
SPONSORS
Avalara https://ohmyfraud.promo/avalara
HOW TO EARN FREE CPE
In less than 10 minutes, you can earn 1 hour of NASBA-approved accounting CPE after listening to this episode. Download our mobile app, sign up, and look for the Oh My Fraud channel. Register for the course, complete a short quiz, and get your CPE certificate.
Launch the course on EarmarkCPE to get free CPE/CE for listening to this episode.
Download the app:
Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728
Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app
Questions? Need help? Email [email protected].
REFERENCES
- NFTs, explained [The Verge]
- Bored Ape Yacht Club NFT theft shows the ease of hacking crypto [Protocol]
- Non-fungible tokens [Ethereum]
- Beeple’s Opus [Christie’s]
- Icebreakers With...Bloomberg Columnist Matt Levine [Morning Brew]
- Bored Ape Yacht Club: What you need to know about the NFT collection [CNET]
- NFT hack sees collector lose $2.2 million of ‘Bored Ape’ pictures [Independent UK]
- Man Upset That Hackers Stole His Bored Ape NFTs [Vice]
- Fake Banksy NFT sold through artist's website for £244k [BBC]
- Investors Spent Millions on ‘Evolved Apes’ NFTs. Then They Got Scammed. [Vice]
- Booming NFT art market plagued by 'mind-blowing' fraud [Thomson Reuters]
- DeFi ‘Rug Pull’ Scams Pulled In $2.8B This Year: Chainalysis [CoinDesk]
- How NFTs became a $40bn market in 2021 [FT]
A WORD FROM OUR SPONSOR
Thank you to our sponsor, Avalara. Avalara’s award-winning tax automation solutions help accounting practitioners and businesses of all sizes simplify sales tax compliance and with real-time rates, automated returns filing, and more.
In October 2021 IDC MarketScape named Avalara a Leader in tax automation in three categories (small and midsize business, enterprise, and VAT). If you’re considering tax automation, check out the independent IDC evaluations at http://OMF.show/avalara
Learn more about Avalara for Accountants and you’ll get a free gift: meet with an expert to explore how Avalara can help your accounting practice grow, and you’ll receive a $50 gift card. Contact Avalara at [email protected], and mention the code “Fraud”
HOW TO EARN FREE CPE
In less than 10 minutes, you can earn 1 hour of NASBA-approved accounting CPE after listening to this episode. Download our mobile app, sign up, and look for the Oh My Fraud channel. Register for the course, complete a short quiz, and get your CPE certificate.
Download the app:
Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728
Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app
Questions? Need help? Email [email protected].
CONNECT WITH THE HOSTS
Greg Kyte, CPA
Previous Episode
The Devil Made Me Do It (So I Could Pay for Bible School)
SPONSORS
Avalara https://ohmyfraud.promo/avalara
HOW TO EARN FREE CPE
In less than 10 minutes, you can earn 1 hour of NASBA-approved accounting CPE after listening to this episode. Download our mobile app, sign up, and look for the Oh My Fraud channel. Register for the course, complete a short quiz, and get your CPE certificate.
Launch the course on EarmarkCPE to get free CPE/CE for listening to this episode.
Download the app:
Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728
Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app
Questions? Need help? Email [email protected].
REFERENCES
Ex-Firefighter Pleads Guilty to Embezzlement — Richmond County Daily Journal
Report to the Nations: 2020 Global Study on Occupational Fraud and Abuse — ACFE
https://www.acfe.com/report-to-the-nations/2020/
Man Charged With Stealing $300K From N.C. Dept — firehouse.com
https://www.firehouse.com/leadership/news/10457683/man-charged-with-stealing-300k-from-nc-dept
Murderer, Manipulator, or Do-Gooder? The Many Sides of James Rupard — Emiliano Morrone
https://www.emilianomorrone.eu/murderer-manipulator-or-do-gooder-the-many-sides-of-james-rupard/
A WORD FROM OUR SPONSOR
Thank you to our sponsor, Avalara. Avalara’s award-winning tax automation solutions help accounting practitioners and businesses of all sizes simplify sales tax compliance and with real-time rates, automated returns filing, and more.
In October 2021 IDC MarketScape named Avalara a Leader in tax automation in three categories (small and midsize business, enterprise, and VAT). If you’re considering tax automation, check out the independent IDC evaluations at http://OMF.show/avalara
Learn more about Avalara for Accountants and you’ll get a free gift: meet with an expert to explore how Avalara can help your accounting practice grow, and you’ll receive a $50 gift card. Contact Avalara at [email protected], and mention the code “Fraud”
HOW TO EARN FREE CPE
In less than 10 minutes, you can earn 1 hour of NASBA-approved accounting CPE after listening to this episode. Download our mobile app, sign up, and look for the Oh My Fraud channel. Register for the course, complete a short quiz, and get your CPE certificate.
Download the app:
Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728
Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app
Questions? Need help? Email [email protected].
CONNECT WITH THE HOSTS
Greg Kyte, CPA
Twitter: https://twitter.com/gregkyte
LinkedIn: https://www.linkedin.com/in/gregkyte/
Caleb Newquist
Twitter: https://twitter.com/cnewquist
LinkedIn: https://www.linkedin.com/in/calebnewquist/
Next Episode
The Golden Age of Fraud | An Interview With Francine McKenna
SPONSORS
Thank you to our sponsor, XeroTo learn more go to http://ohmyfraud.promo/xero
Bookstime https://ohmyfraud.promo/bookstime
HOW TO EARN FREE CPE
In less than 10 minutes, you can earn 1 hour of NASBA-approved accounting CPE after listening to this episode. Download our mobile app, sign up, and look for the Oh My Fraud channel. Register for the course, complete a short quiz, and get your CPE certificate.
Launch the course on EarmarkCPE to get free CPE/CE for listening to this episode.
Download the app:
Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728
Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app
Questions? Need help? Email [email protected].
REFERENCES
https://www.ft.com/content/bd138302-9ea6-11e0-9469-00144feabdc0
https://www.wsj.com/articles/SB117461651648146411
https://thedig.substack.com/p/busting-the-myth-about-auditors-and
https://twitter.com/retheauditors
If you’ve spent any time in the last 15 years employed by a Big 4 audit firm, you’ve almost certainly read Francine McKenna’s writing. In the late 2000s, her blog, Re: The Auditors, relentlessly chronicled the blunders and, in some cases, malfeasance of the largest global audit firms. Francine was the transparency reporter for MarketWatch from 2015 to 2019. Her journalism has appeared in Forbes, American Banker, the Financial Times, and elsewhere.
Enjoy this freewheeling episode of Oh My Fraud, where Caleb and Greg talk to Francine about many topics, including auditing in a pandemic, Big 4 impunity, and why we’re in the Golden Age of Fraud.
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