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Forensic and Valuation Services (FVS)

Jul 29, 2020

Guests: Howard Silverstone, CPA/CFF, Randy Wolverton, CPA/CFF & Hubert Klein, CPA/ABV/CFF

Ponzi schemes began in the 1800s but didn’t find their name until the 1920s. A century later, Ponzi and other financial fraud schemes continue to be prevalent. The COVID-19 pandemic will certainly give rise to new opportunities for fraudsters and scammers to take advantage of unwitting victims.

Howard Silverstone and Randy Wolverton discuss:

  • What is a Ponzi Scheme?
  • Why are Ponzi Schemes still successful in defrauding victims?
  • Examples of COVID-19 schemes including social media, non-investment schemes, and phishing attacks
  • What can CPAs do to help their clients and the public?

The episode is brought to you by the AICPA’s Forensic and Valuation Services Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing forensics, valuation, fraud, fair value and damages and by the CFF Credential and ABV Credential programs which allow AICPA members to demonstrate competence and confidence in providing these services to their clients. Visit us online at to join our community and gain access to valuable member-only benefits. Don’t miss an episode – subscribe to our podcast channel! And leave us a review so we can continue bringing valuable and relevant content to you.