Going deep on the MyPayrollHR fraud with Wendy Slavkin of Cachet Financial Services

The Accounting Podcast · Sep 19, 2019 · 37m · transcript

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Show Notes

01:41 – General Counsel Slavkin describes Cachet Financial Services as a sort of third-party vendor for payroll processing companies.

05:59 – Every ACH provider has their own patented process for payroll

06:45 – How MyPayrollHR’s owner, Michael Mann, did the deed, in technical detail

09:03 – Slavkin claims the assorted employee banks are to blame for the whole payment reversal fiasco

10:32 – According to Slavkin, banks have 60 days to either accept or reject reversal files

11:29 – Cachet eventually decided to return all funds to…