Michael G. Kessler

Michael G. Kessler is the founding President and CEO of Kessler International, a United States headquartered forensic accounting, computer forensics and corporate investigations firm.

Michael G. Kessler is cited as being the first "forensic auditor", a term originally coined by Kessler, and now widely used within the industry. Forensic accounting is one of the fastest growing professions in the nation.[1]

Kessler's credentials include Cr.FA (Certified Forensic Accountant), CFE (Certified Fraud Examiner), CICA (Certified Internal Controls Auditor), DABFA (Diplomate with the American Board of Forensic Accountants), FABFE (Fellow status with the American Board of Forensic Examiners) [2]

In January 2006 Kessler was elected the Chairman of the American Board of Forensic Accounting, an advisory board of the American College of Forensic Examiners.[3]

Notable investigations

In early 2008, Kessler began investigating fraudulent loan operations. Kessler investigated an alleged Long Island-based Ponzi scheme masquerading as a legitimate bridge loan company, called Agape World. Further investigation revealed numerous red flags, leading Kessler to believe that Agape World was in fact a Ponzi scheme, and he alerted the FBI and other law enforcement agencies as to his findings.

Shortly thereafter, the FBI and the USPIS launched their own investigation. Agape World continued to operate, but after the collapse of the Bernard Madoff Ponzi scheme, Agape World came under increased scrutiny and suspicion by investors, as can be seen on the forums Fatwallet and ScamVictimsUnited.com, websites in which alleged scams are discussed and scam victims can tell their stories or seek advice.

In December 2008 and January 2009, Kessler received numerous reports from investors in Agape World that the payout dates for various bridge loans were being extended or not paid at all, signs that are usually indicative of a collapsing Ponzi scheme. In January 2009, Nicholas Cosmo, founder of Agape World, was arrested by authorities and is alleged to have defrauded investors of an approximate total of $370 million.[4][5][6][7]

In January 2010, Kessler was hired by the city of Fort Pierce, Florida to audit the city’s Community Services Department and as a result of their work, Kessler recommended the city turn over its findings to the U.S. Attorney’s Office to determine whether criminal charges should be filed.[8]

In March 2010, the City of Deerfield Beach, Florida hired Kessler International to audit the town's Community Grant department.[9]

References

  1. ↑ "(Press Release) Michael G. Kessler Cited as First "Forensic Auditor"". Kessler International - Forensic Accounting, IP Protection, Cell Phone Forensics, Computer Forensics. Retrieved 20 May 2015.
  2. ↑ About Michael Kessler
  3. ↑ "(Press Release) ExpertClick - Error Page". expertclick.com. Retrieved 20 May 2015.
  4. ↑ "(Press Release) ExpertClick - Error Page". expertclick.com. Retrieved 20 May 2015.
  5. ↑ "(Press Release) ExpertClick - Error Page". expertclick.com. Retrieved 20 May 2015.
  6. ↑ David Winzelberg. "LI investment firm halts payouts, under investigation". Long Island Business News. Retrieved 20 May 2015.
  7. ↑ "Long Island". Newsday. Retrieved 20 May 2015.
  8. ↑ Alexi Howk. "Audit: Fort Pierce department is "corrupt"". TCP. Retrieved 20 May 2015.
  9. ↑ "City’s spending audit begins". tribunedigital-sunsentinel. Retrieved 20 May 2015.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.