A&O Audit Report

In: Business and Management

Submitted By RanaSalah
Words 2765
Pages 12
Introduction
History of A&O Financial Services Incorporation:

A&O Financial Services Inc. was founded by Christian Allmendinger, Adley H. Abdulwahab, Brent Oncale (former owner and founder of A&O), and many other people.

A & O Financial Services, Inc. offers loan and financing services. It offers personal loans, commercial loans, car financing, and mortgage lending services. The company is based in Stockton, California. A&O Incorpration’s address is 1350 West Robinhood Drive, Suite A2, Stockton, CA 95207, United States.

A&O Financial Services Inc. provides services by the finance industry. The finance industry encompasses a broad range of organizations that deal with the management of money.

Among these organizations are credit unions, loans, banks, credit card companies, insurance companies, consumer finance companies, stock brokerages, investment funds and some government sponsored enterprises.

A&O Financial Services Inc. works in Financial industry which means that they were receiving deposits from many depositors for the aim of investing them in safe investments for a definite period of time, and then to return back the money along with an additional amount of money as a return.

Definition of Fraud: In criminal law, a fraud is an intentional deception made for personal gain or to damage another individual. The specific legal definition varies by legal jurisdiction. Fraud is a crime, and also a civil law violation. Defrauding people or entities of money or valuables is a common purpose of fraud. In the simplest terms, fraud occurs when someone knowingly lies to obtain benefit or advantage or to cause some benefit that is due to be denied.

The Fraudulent Case: On September 28, 2011, in Richmond, Adley H. Abdulwahab, of Houston, Texas, a hedge fund manager and part owner of A&O, and…...

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