The Thursday Lowdown ⬇️

If you're new around here, every day I share the 4-5 best accounting insights I saw in the past 24 hours.

I scroll. so you don't have to.

💎 WTF of the Day

CPA Busted in $19 Million Loan Scam

Christine Gendron, a 61 year old accountant from Feeding Hills, just pled guilty to running a massive fraud scheme with her sister and brother-in-law. She faked rent rolls and forged lease agreements to trick banks into lending their real estate company millions.

The group defaulted, leaving lenders out $19 million. One co-conspirator already pled guilty. Another heads to trial this October. Wild stuff for a bean counter.

Source: Justice.gov

💎 What’s poppin in accounting

PwC Says Private Equity Is Sitting on $1 Trillion

PwC says private equity firms are sitting on $1 trillion worth of unsold assets, money that normally would’ve gone back to investors. Why the logjam? Blame high interest rates, Trump’s tariff whiplash, and global uncertainty.

PwC’s latest report digs into the ripple effects, stalled M&A, slowed exits, and rising tension between private equity firms and their limited partners. It’s a red flag for dealmakers banking on a rebound.

Source: PE Insights 

 📊 Weekly Trend Chart

This Sweaty New Paint Might Kill Your AC Bill

Some mad geniuses in Singapore made paint that sweats like a human. Seriously. It reflects sunlight and slowly releases water to cool buildings, even in super humid places where other “cooling paints” flop. Why does this matter? Because ACs suck up around 7 percent of the world’s electricity. And as the planet cooks, that number’s only going up.

If this sweaty paint scales, it could be a game changer, especially for the 90 percent of US homes running AC nonstop.

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