Gary Kane, Owner and Managing Partner of Kane Forensic Accounting, explains Ponzi schemes and offers tips on avoiding investment fraud.

Orlando, FL – March 10, 2016 – Gary Kane, Owner and Managing Partner of Kane Forensic Accounting, an Orlando forensic accounting firm, recently published an article titled “Avoiding Ponzi Schemes” on his website (http://www.kaneforensic.com).

Gary Kane writes, “With thanks to Bernie Madoff and the recent TV movie about his life, the term Ponzi scheme has become a common phrase in the American vocabulary. But do you know what it means? A Ponzi scheme is a form of investor fraud in which belief in the success of a nonexistent enterprise is fostered by the payment of quick returns to the first investors from the money invested by later investors. The bad news is that this form of investor fraud didn’t begin or end with Mr. Madoff. In fact, the whistleblower on the Madoff scandal recently warned of three ongoing Ponzi schemes – one even bigger than the $65 billion Madoff scammed. Since Madoff’s arrest, the U.S. Securities and Exchange Commission (SEC) has taken down over 600 Ponzi schemes, so they’re more common that you’d think, but when you understand the red flags, they can be easy to spot.”

Kane Forensic Accounting specializes in forensic accounting, business valuation and succession planning. They leverage their specialized knowledge to provide valuable insight which enables their clients to make informed financial decisions.

The entire article can be found at http://www.kaneforensic.com/avoiding-ponzi-schemes/

To learn more about Kane Forensic Accounting, please visit http://www.kaneforensic.com

About Gary Kane:

Gary Kane is owner and managing partner of Kane & Associates, and a licensed CPA in the state of Florida.  His primary responsibilities include the planning and utilization of personnel, budgeting, cash flow management, and overall firm marketing.  Mr. Kane has been responsible for all tax preparation and planning functions within the firm.  He performs the final, technical review of all audit and review engagements.

Mr. Kane has lectured widely on various aspects of income and estate planning and personal financial planning.  He has appeared on several local television shows and has appeared on a national cable television program broadcast on the Satellite Program Network.  With his background in tax and financial planning, Mr. Kane has been instrumental in assisting clients in the formation, implementation, and management of several real estate ventures, beginning with the planning stage through the completion and ultimate management or sale.

Mr. Kane received his BSBA with honors with a major in accounting from the University of Florida and has a Masters of Science in Accountancy from the University of Central Florida.  He has over forty-one years of public accounting experience, including four years with the international accounting firm of Alexander Grant (Orlando, Florida), before becoming a founding partner of Kane & Associates of Winter Park, Florida, in 1975.  Mr. Kane was also an accountant with Chevron Oil Company in charge of fixed asset accounting for all oil and gas properties in Louisiana, Mississippi, Florida and Alabama.

Mr. Kane is a member of the American and Florida Institutes of Certified Public Accountants and has satisfied the requirements to be accredited in Business Valuation by the American Institute of Certified Public Accountants.  Mr. Kane is a Certified Valuation Analyst and member of the National Association of Certified Valuation Analysts.  He is past president of the Central Florida Chapter of the International Association for Financial Planning and has served as Chairman of its Board of Directors.

Mr. Kane has been an adjunct professor at the University of Central Florida teaching intermediate accounting and has assisted the Small Business Development Center at the University of Central Florida in lectures on business acquisition and accounting systems for small businesses.  Mr. Kane assists attorneys in numerous areas, including tax planning, litigation, and divorce settlements.  He has testified for over twenty years as an expert witness in Orange, Osceola, Brevard, Seminole, and Volusia counties.