Carnival of Fraud – 14th Edition
Welcome to the 14th week of the Carnival of Fraud. Thanks to everyone who sent in their blog posts about scams, schemes, and frauds. On with the carnival…
The Stock Market Beat blog discusses misleading financial reports. Highlighted are problematic accounts such as allowance for doubtful accounts and warranty reserves, which are ripe for abuse by executives looking to meet or beat earnings estimates. Analysts are now questioning how Dell accounts for its warranty reserves.
Corporations have a seemingly neverending fight with Sarbanes-Oxley. SoxFirst discusses how the U.S. Department of Justice views cooperation by corporations under investigation, as part of what DOJ considers cooperation, includes waiver of attorney-client privilege.
It seems Acme Anvil has been had by Columbia House. (I didn’t even know they still existed!) Sure enough, he signed up for their service and quickly canceled. But they sent him a couple more DVDs and charged him for them. Now he’s got to send the DVDs back and hope Columbia House refunds his money.
The author of DigeratiLife got an up-close look at the potential for identity theft as a villain stole her garbage in the dark of night. She reinforces the need for safeguarding your data with paper shredders, as clever thieves are looking for treasures in your trash. Here’s my two cents on how to recover from identity theft.
My all-time favorite contributor to the Carnival of Fraud, Wenchypoo, authors an excellent post about parents who ought to be responsible enough to properly feed their kids. I completely agree!
My contribution this week relates to the ongoing saga of the Michael McGee (Jackson) recall drive. McGee/Jackson is a criminal who is on the Milwaukee Common Council, and an upstanding citizen, ViAnna Jordan, is trying to win a recall election. She is much more fit to represent the citizens of the city, yet certain “leaders” within the community are coming to the defense of this thug who is an embarassment and detriment to his district. (Go ViAnna!!!)
Submissions for next week’s Carnival of Fraud can be made here.
