On this day in 1905, a physics journal published the Einstein paper which introduced E=mc2. Because of the several papers Einstein published that year, 1905 is sometimes referred to as his Annus Mirabilis. Recently, the most precise test to date of Einstein’s weak equivalence principle has proven him right again.
Photo by Artturi Jalli on Unsplash.
On the Lighter Side
Emily Riddell of Philadelphia’s Machine Shop is one of Food & Wine’s Best New Chefs of 2022.
The New York Times 50 Favorite Restaurants list includes Gabriella’s Vietnam on East Passyunk, as well as Andiario’s in West Chester, PA.
According to Food Network Magazine, Phil and Jim’s in Delaware County, PA serves the Best Hoagie on Earth.
Fat Bear Week is almost here. The Fat Bear Junior contest will be held September 29-30, and the main event runs October 5-11.
White Collar Crime is Never Victimless
White collar crime can make victims of sophisticated investors, independent agencies, or the federal government. The founder and CEO of EV truck maker Nikola is on trial for allegedly misleading investors. In North Carolina, a trucking company was recently found guilty of defrauding the USPS. Indictments have been issued in the alleged theft of $250 million from a pandemic food program whose stated purpose was feeding hungry children in Minnesota.
If you are a victim of white collar crime, Asterion’s forensic accountants can follow the money to quantify the losses sustained. A recent speech by Deputy AG Lisa Monaco suggests that in the event your company discovers criminal activity has occurred, voluntary disclosure might be worth considering.
UPDATE: From 2019 onward, many of us were puzzled by the story of Your Hometown Deli, a publicly-traded stand-alone shop in Paulsboro, NJ with a market cap at $100 million. We’re not surprised that three men, two from North Carolina and one from Hong Kong, have been charged with multiple crimes, including securities fraud, involving the deli and its holding company.
FYI
Divorced couples will soon be able to separate their consolidated student loan debt.
More red light cameras will be installed in Philadelphia.
The Economy League of Greater Philadelphia has released an Inflation Update for the region.
Trends We’re Watching
Internet service providers, including Comcast and Verizon, are being sued for failing to stop movie piracy.
What’s Puzzling Us
Is this Crocs partnership a good idea? And why didn’t WAWA think of it first?
What Doesn’t Surprise Us At All
Philadelphia mistook hops for weeds, and destroyed a brewery’s crop.
A food delivery robot crashed a crime scene in Hollywood.
Wegman’s pulled its’ self-checkout app due to high loss levels. (Would this have happened at Wegner’s?)
Thread Recommendations
Spend a day off in Birmingham, AL with Charles Barkley.
Take a look at the 2022 finalists for the Toy Hall of Fame.
Here’s a savvy example of turning lemons into lemonade. The former textile mill in Manayunk that once housed Mad River has become Lincoln Mill Haunted House. CHOP will receive a donation for every ticket sale.
Many of the papers and other memorabilia Hemingway left behind in the storage room at the original Sloppy Joe’s in Key West are now part of an archive at Penn State.
Asterion Out and About
Mark Bradford, CPA, CFE recently attended the American Academy of Matrimonial Lawyers (AAML) and Business Valuation Resources (BVR) National Divorce Conference in Las Vegas. The event was held from September 18 to September 20, 2022 at The Venetian Resort.
Spotlight on White Collar Crime
Asterion, Inc. has extensive experience providing consulting and forensic investigation services in white collar crime and other fraud matters.