http://www.thinkadvisor.com/2015/09/08/sec-fines-bankrate-15m-for-accounting-fraud

Accounting 202: Fraud in the Corporate World and at Beltone

Corporate management fraud ranks among the FBI’s highest criminal priorities. So concluded last week’s post on the Beltone accounting fraud.  Sad to say, large-scale corporate fraud is thriving in the healthcare sector, on a scale that dwarfs the paltry $22M (US) Beltone write-down by GN Resound. In the US alone, the FBI ended 2011 in pursuit of 726…

Read More
http://www.investopedia.com/terms/c/cookthebooks.asp

Beltone and GN Store Nord: What Kind of Fraud Was It?

The fraud was corporate, it was accounting, it was deliberate, it was a single rogue operator, it was well hidden, it wasn’t cash, it was US only, it was complicated, it was intelligent, it was  “irritating noise.” And now it’s officially over.  As they say in the US, Fuhgeddaboudit. That’s the party line taken in…

Read More

Can We Talk? About Beltone Fraud?

“The biggest news item in this morning’s press release was that GN’s VP of Finance at its Beltone distribution network in the US– who wasn’t identified–has been accused of accounting fraud between 2012 and 2014 and dismissed.  The fraud was discovered at the end of June and the matter is under investigation.” (excerpted and paraphrased…

Read More

Steps for Selling Successful Hearing Aid Practices

Grant Smith returns to finish his post series on selling practices.  Last post was focused on the psychological considerations that precede all sales, where owners must recognize and weigh the opportunity cost of the choice to sell.  Without addressing those considerations early and thoroughly, owners run the real and literal risk of dying to sell,…

Read More

Hearing Healthcare: Fish or Fowl?

March Phonak-Costco Madness ushered in urgency to the health of hearing healthcare providers.  March Mayhem was foreshadowed for 3 years in Hearing Economics posts, starting with resurrection of 1990s prognostications of professional schizophrenia and bimodalism stemming from creative destruction. And lo, it came to pass as disruptive technologies and economics came among us and we were sore afraid. Otherwise,…

Read More