RSS

24 Jun 2009                                                     Featured Article

1 Comment

Conflict of interest for Medifast auditors?

Last week Barry Minkow and Fraud Discovery Institute released a report regarding the independence of the auditors of Medifast Inc. (NYSE:MED). The company is audited by Bagell, Josephs, Levine & Company. The audit partner happens to also be a part of BJL Wealth Management, an investment firm with the same address as the audit firm. This [...]

Continue reading...

Wed 24 Jun 2009

1 Comment

Conflict of interest for Medifast auditors?

Last week Barry Minkow and Fraud Discovery Institute released a report regarding the independence of the auditors of Medifast Inc. (NYSE:MED). The company is audited by Bagell, Josephs, Levine & Company. The audit partner happens to also be a part of BJL Wealth Management, an investment firm with the same address as the audit firm. This [...]

Continue reading...

Tue 23 Jun 2009

0 Comments

False disclosures to the SEC by Interoil (NYSE:IOC)

Last week, white collar crime fighter Sam Antar reported on interesting false disclosures to the Securities and Exchange Commission by Interoil (NYSE:IOC). The situation is amusing, to say the least, and here’s the heart of it… Interoil has a history of lots of stock and debt offerings. In May 2008, the company did a $95 million [...]

Continue reading...

Tue 16 Jun 2009

0 Comments

Will United First Financial refund your money?

There is plenty of criticism here of United First Financial, Ufirst Financial, UFF,  Money Merge Account, MMA, or whatever Google likes… One of the arguments UFF supporters always seem to throw out is the “money back guarantee” that UFF gives.  I’ve been critical of this guarantee here, because I think it’s next to impossible for anyone [...]

Continue reading...

Mon 08 Jun 2009

2 Comments

Wisconsin politicians screwing taxpayers one dollar at a time

Wisconsin has been drunk on taxing and spending for a long time. We easily rank in the top ten (or higher) states when it comes to the tax burden. There is no tax our politicians don’t love. There are three reasons why it’s so easy to increase taxes and create new taxes here:

Continue reading...

Fri 05 Jun 2009

0 Comments

Milwaukee Public Schools spending more next year

Despite the misleading, fraudulent headling in the Milwaukee Journal Sentinel today, the truth is that Milwaukee Public Schools will be spending more taxpayer money next school year. JSOnline reported: “MPS cuts spending, spends stimulus.” The truth is that MPS is not cutting spending, it’s increasing spending. Last year’s budget was $1.2 billion. The budget for this [...]

Continue reading...

Wed 03 Jun 2009

17 Comments

Buying a job with Haverhill Home Staging? Questionable.

Do-it-yourself home renovation projects are still all the rage, years after shows like TLC’s Trading Spaces became popular. No doubt the economy has also influenced people to try to increase the value of their real estate for little or no cost. People are decorating and selling their homes themselves. And they’re having fun doing it. And [...]

Continue reading...

Fri 29 May 2009

0 Comments

Lennar Corp conspiracy headed up by CEO Stuart Miller

This week the Fraud Discovery Institute and Barry Minkow released a new (and yes, shocking!) report about a conspiracy involving Lennar Corp. (NYSE:LEN), and spearheded by CEO Stuart Miller and two of the company’s top executives. Check this out… Lennar has been involved in litigation with Nicolas Marsch, the guy who spend ten years helping Lennar make [...]

Continue reading...

Mon 25 May 2009

3 Comments

United First Financial made simple

What a simple, yet eloquent explanation from one of our readers on the read deal behind UFF’s Money Merge Account (MMA). UFF is a SCAM. Borrowing at 8% to cover 6% loan will make you less money. Paying down your mortgage directly (instead of using HELOC) will put you ahead.

Continue reading...

Thu 21 May 2009

0 Comments

5 Points of Similarity Between Medifast and YTB (YourTravelBiz.com)

1. Both Medifast (NYSE:MED) and YTB International have 10 levels of commission payouts. That means on any given sale of actual products or services, the person selling it will receive a small commission, while 9 other levels will receive a total commission exceeding the seller’s commission.

Continue reading...

Thu 21 May 2009

3 Comments

Fraud Discovery Institute blasts Medifast

In a surprise move, the company known for its outspoken criticism of the direct selling industry, the Fraud Discovery Institute, Inc today released a report portraying direct seller Avon Corporation in a positive light (www.frauddiscovery.net). To prove that Medifast, Inc (NYSE:MED) is a “scheme pyramid” business opportunity as evidenced by its record breaking first quarter earnings [...]

Continue reading...
See more articles in the archive