Desperation begets business for accounting sleuths
By Hannah Mitchell Accountant Erik Lioy once worked a case fit for a master detective. Suspicious of some out-of-state purchases, a company hired his firm to investigate. Lioy and his colleagues obtained cell phone records showing the company’s accounting manager had made calls to a man who owned multiple businesses. Accessing records, they discovered that none of the businesses actually existed, though the accounting manager had signed checks made out to them. Then they traced a different phone number to the home of the owner of the phony businesses. It was a luxurious property. Bingo, they had untangled the confusing web of deception. The accounting manager ended up in jail.