Archive | Jul 2006
EU fines Microsoft for failing to turn over code
Microsoft Corp. was fined $357 million today by the European Union for disobeying the 2004 antitrust order to share program code with competitors. Additional fines of $3.82 million per day could be assessed beginning July 31 if the company fails to supply complete and accurate technical information to program developers to help them make [...]
Continue reading...2006 ACFE Report to the Nation on Occupational Fraud and Abuse
12 Jul 2006
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The ACFE’s 2006 Report to the Nation on Occupational Fraud and Abuse has arrived! Get your free download at the ACFE’s website. Read my related post on the report about on-the-job fraud. Tags: Report to the Nation, Occupational Fraud
Continue reading...Ken Lay considered innocent after his death
11 Jul 2006
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A rule in U.S. law called “abatement ab initio” means that Kenneth Lay will have his conviction on federal charges related to the Enron fraud wiped out. A defendant who dies before having the opportunity to appeal the conviction has everything related to the case extinguished, meaning that the record will show that Lay [...]
Continue reading...Disaster insurance: demand exceeds supply
10 Jul 2006
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According to the Wall Street Journal, the demand for disaster insurance far exceeds the current available supply, and this is affecting our entire economy. Companies and individuals are quickly buying disaster insurance, and the insurance companies themselves are scrambling to buy coverage of their own on the policies they write (known as reinsurance). [...]
Continue reading...Splog software
07 Jul 2006
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I ran across an interesting post about splog software. What’s splog software, you say? Basically, it’s software that creates spam blogs, or splogs. The splogs are used to link to other sites, so that those other sites can increase their search engine rankings, get more traffic, and also get pay-per-click advertising revenue. The [...]
Continue reading...As seen on TV…
06 Jul 2006
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Tonight on Windfall on NBC, and I quote: “I’m a P.I., not a forensic accountant.” Oh, yeah! Tags: forensic accountant
Continue reading...Theft of Coca-Cola trade secrets
06 Jul 2006
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Three people were charged in federal court with theft of confidential information from The Coca-Cola Co., which they tried to sell to competitor PepsiCo Inc. The group includes Coke employee Joya Williams, an executive administrative assistant. The other two charged in the case are Ibrahim Dimson and Edmund Dhaney. On May 19, Pepsi provided [...]
Continue reading...Fake bloggers?
06 Jul 2006
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I ran across an interesting post yesterday from fellow blogger James Durbin. He’s identified a blog that he thinks is suspect, and suggests that this fake blog may be nothing more than an attempt by the owner of PayPerPost.com to create fake buzz about his site. I’ve taken a look at the blog in [...]
Continue reading...Update on Merge Technologies
05 Jul 2006
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In a conference call Wednesday, the chairman of the board and interim principal executive officer of Merge Technologies said that the company is making every effort to meet regulatory requirements related to the company’s financial statements. An independent investigation into the finances of Merge was recently complete by Alvarez & Marsal, LLC of New York. [...]
Continue reading...Ken Lay, founder of Enron, has died
05 Jul 2006
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Ken Lay, the founder and former CEO of Enron, was recently convicted of federal felonies related to one of the largest frauds in U.S. History. He died today in Colorado, at the age of 64. Lay was admitted to Aspen Valley Hopsital with a massive coronary at 1:41 am and was pronounced dead at 3:11am. Lay was [...]
Continue reading...- Is Shop to Earn a scam or a legitimate business?
- More on why ShopToEarn sucks (and so do MyPowerMall and TeamNational)
- MonaVie: Scam or not?
- Mary Kay Cosmetics: Destroying half a million women a year
- Primerica Financial Services a scam?
- The Pyramid Scheme aspect of Primerica Financial Services
- Shop To Earn lawyer bullying bloggers
- The Sarah Palin pregnancy cover-up that wasn't (updated)
- What does Dave Ramsey think about United First Financial
- A new pyramid scheme: United First Financial
- Niles: Where can the public get specific and official documentation on the...
- Barbara: Tracy I am sure you read this already but it fits you definition of...
- JoeTaxpayer: Walt, if you actually have that amount of time in the business,...
- inspectaneck: Jessica, You’re probably right. If it is so wonderful,...
- Tracy Coenen: Oh Walt. How fun. You accuse me of not knowing how interest...
- Walt: Hello Tracy, It seems that you have tried to educate yourself in...
- claysgirl: To Nienpedo I don’t know what area you live in, nor does...
- nienpedo: So I went to a “meeting” and when I first walked in I saw...
- Lee D: Excellent point, PurpleSlog.
- PurpleSlog: I have a third alternative. Most “anchors” are pretty...
- Chicago mayor promises action against city employees stealing from taxpayers
- Consumers easier to scam during tough economic times
- Searching for Shop to Earn scam
- Debunking Sarah Palin rumors and lies
- Check out the pork in the bailout bill
- The $700 billion bailout should fail on its own merits
- Criminal charges against Amway in India
- The lure of multi-level marketing
- The UFF Money Merge Account money shuffle explained
- Mark Cuban’s idea on a private bailout of the financial sector
About the Author
Tracy Coenen is a forensic accountant and fraud examiner who investigates white collar crimes, including cases of financial statement fraud, embezzlement, tax fraud, and insurance fraud. She is the author of Essentials of Corporate Fraud and more than 100 articles on fraud featured in industry publications.
12 Jul 2006
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