In one of the case studies in the textbook, Ernie Phillips was a CPA who had fallen on hard times both financially and personally. He eventually got a job as a controller for a friend who had just been named as the receiver for a financial services company. Within a short period of time Phillips began writing checks to himself that had nothing to do with payroll. What happened to Phillips?
A) He quit his job and moved to another state.
B) He pleaded guilty to fraud and grand theft and spent 24 months in prison.
C) He paid the money back by mortgaging his home.
D) He was charged criminally, and while out on bail, he fled with his family.

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The Answer of In one of the case studies in the textbook, Ernie Phillips was a CPA who had fallen on hard times both financially and personally. He eventually got a job as a controller for a friend who had just been named as the receiver for a financial services company. Within a short period of time Phillips began writing checks to himself that had nothing to do with payroll. What happened to Phillips?
A) He quit his job and moved to another state.
B) He pleaded guilty to fraud and grand theft and spent 24 months in prison.
C) He paid the money back by mortgaging his home.
D) He was charged criminally, and while out on bail, he fled with his family.

In One of the Case Studies in the Textbook, Ernie