More lies about “job creation” with stimulus money
I wrote last week about my opinion of the fraud that is our federal government’s stimulus programs. Our government has a vested interest in making us think these programs are successful. How else can an agenda of “wealth redistribution” and socialism be promoted? They must have “success” on their side to justify continuing on this [...]
Continue reading...Tue 03 Nov 2009
A review of Genesis Rocket, a tool used to grow your Twitter Followers
People have many different reasons for participating on Twitter and other social media sites. They range from recreational purposes, making professional connections, and selling products or services. Whatever your goal with Twitter, you’re probably wondering how you can attract more followers. Of course, publishing interesting Tweets is one way to do that, but it’s hard to [...]
Continue reading...Tue 03 Nov 2009
Calling all accounting and finance bloggers (and those who want to be bloggers!)
You feel obligated to blog. You think it would be a good way to “get your name out there” and market your professional services firm. Your boss has been bothering you about “that social media stuff.” But you feel lost. In steps Blogging Suits. I have created BloggingSuits to teach accounting and finance professionals how to [...]
Continue reading...Sun 01 Nov 2009
Our government defrauds us: Cash For Clunkers
People who support our government engaging in “stimulus” activities are fools. While it sounds good to “stimulate” the economy and there are supposedly jobs created and saved with stimulus dollars, the truth is that these government programs are at best very wasteful, and at the worst downright fraudulent. Look at the stimulus numbers in general. In [...]
Continue reading...Wed 28 Oct 2009
UFF Agents don’t understand basic math and concepts related to debt
We have discussed at length all of the reasons why the United First Financial Money Merge Account (UFF MMA) program is a waste of $3,500. In fact, we’ve even proven how even if the software was FREE, consumers are better off not using it. The evidence which supports these assertions is based in simple math. A [...]
Continue reading...Tue 27 Oct 2009
Conservatism is no excuse for false financial statements, Overstock.com
I’ve written extensively in the past about the train wreck that is Overstock.com (NASDAQ:OSTK) and its nutty CEO, Patrick Byrne. Just when I think there couldn’t possibly be more to write about the horrible company and Byrne’s crazy antics, I’m proven wrong. For those that have been following Overstock.com for the past few years, it came [...]
Continue reading...Sun 25 Oct 2009
Milwaukee County: We’re broke, but let’s spend more!
For years, Milwaukee County has been a bloated government entity. Spending has been out of control as the politicians continued to expand what the government controlled, and they didn’t seem to care since it was “only” taxpayer money. When Scott Walker became the County Executive, he made a promise to not add more to the taxpayer [...]
Continue reading...Tue 20 Oct 2009
United First Financial: Don’t believe the hype
More than a year after I started to write about the evils of United First Financial, its representatives are still trying to dazzle the crowds with bogus claims of factorial math. It’s become clear that the primary method for selling consumers on this ridiculously expensive software that the consumer doesn’t even own ($3,500) is by confusing [...]
Continue reading...Thu 15 Oct 2009
Allegations that the arbitration process is rigged against consumers
If you’re in the U.S. and you have a credit card, you may be very familiar with arbitration clauses. Most of the credit card companies, and plenty of other companies you do business with, have these clauses in their contracts. What they generally say is that you the consumer give up your right to ever [...]
Continue reading...Wed 14 Oct 2009
Does this describe your MLM?
Kevin Thompson hires himself out to multi-level marketing companies to give them legal counsel. Supposedly he knows his way around the legality of MLMs, just like my buddy Gerry Nehra supposedly does. So I was perusing Kevin’s website and came across this interesting diatribe about what separates “legitimate” MLMs from illegal pyramid schemes. I’ve written a [...]
Continue reading...- Carnival of Personal Finance #185: Cheesehead Edition
- Buying a job with Haverhill Home Staging? Questionable.
- Why I hate Intuit and Quickbooks
- A reader researches Shop To Earn
- Fraud Discovery Institute releases new report about Pre-Paid Legal Services, Inc.
- United First Financial: Don't believe the hype
- "Climate change": Just another fraud on consumers
- Who pays all the income taxes?
- Selling your soul to Usana Health Sciences for $27,000 a year
- Naked Short Selling: A complete waste of resources
- The Swindler's Mind: Sheila K said: “But it would also be worth...
- Tracy Coenen: Sheila – Unfortunately, MLMs try to use the “they...
- Sheila K: My 10+ year experience with Mary Kay has been purchasing very good...
- jhon: hi, i want information about your investigation, now a days i am...
- Raul Mejia: Hi Tracy, i just wanted to thank you for your Article, i was...
- AmwayhaterVP: Gagarin you don’t need to smart and hardworking to...
- Late2Game: FYI, I started the so-called “Calvin Challenge” (as...
- Tracy Coenen: Oh my goodness, I think you’re right Michael. His...
- UFF Agents don’t understand basic math and concepts related to debt
- Conservatism is no excuse for false financial statements, Overstock.com
- United First Financial: Don’t believe the hype
- Allegations that the arbitration process is rigged against consumers
- From criminal to credible?
- Evidence of massive naked short selling. Or not.
- Buyer Beware: Fraud committed by Bagshop.com and Petticoat Lane scammers
- Medifast and Take Shape For Life: Weight loss pyramid scheme?
- Mona Vie: Don’t use our name in your URL, unless you’re Wikipedia (and we’re doing the editing)
- Here come the MonaVie lawyers…
About the Author
Tracy Coenen is a forensic accountant and fraud examiner in Chicago and Milwaukee who investigates white collar crimes, including cases of financial statement fraud, embezzlement, tax fraud, and insurance fraud. She is the author of Expert Fraud Investigation and Essentials of Corporate Fraud and more than 100 articles on fraud featured in industry publications.
Thu 05 Nov 2009
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