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UNAUTHORIZED TRANSACTION RELATED RECOVERIES (Details) (USD $)
12 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Unauthorized Transactions, Related Recoveries, Net [Abstract]    
Legal fees incurred $ 388,287 $ 2,598,454
Insurance proceeds 0 (15,014)
Gross proceeds from the settlement of the third party lawsuit 0 (8,500,000)
Proceeds from asset forfeitures (1,134,082) (1,670,487)
Total recoveries (1,134,082) (10,185,501)
Unauthorized transaction related costs and recoveries, net $ (745,795) $ (7,587,047)