Archive | Dec 2006
13th Carnival of Fraud
Better late than never. Is it any coincidence that this edition of the Carnival of Fraud is number thirteen, and I’ve been unexpectedly delayed in getting it up? Well, thanks for all of the entries. We had some great posts sent in this week! Wenchypoo rants on why the Chicago Climate Exchange, where companies trade [...]
Continue reading...Enron shareholders’ suit dismissed and plaintiffs order to pay attorneys’ fees
03 Dec 2006
A class action suit against AllianceBernstein LP (formerly known as Alliance Capital Management LP) has been dismissed by a federal judge, and she has ordered the plaintiffs to pay the attorneys’ fees. She also said it would be appropriate for the lawyers for the plaintiffs to pay those fees. The suit was filed by attorney [...]
Continue reading...Michael McGee (Jackson) recall effort has momentum
02 Dec 2006
Milwaukee Alderman Michael McGee Jackson is the target of a recall effort, led by ViAnna Jordan. It seems that her supporters are busy getting the word out as evidenced by some recent comments on this blog. The comments include: “As a result of this kind of irresponsible rhetoric on the part of McGee and others, many [...]
Continue reading...My comments in Financial Executives Magazine
01 Dec 2006
I was recently interviewed for an article in Financial Executive Magazine. The article contained comments from a variety of executives, educators and consultants. We were asked to speculate on the future of financial reporting and the finance function in corporations. Naturally, my comments pertained to fraud and how that may impact the finance function. Tracy [...]
Continue reading...Scam busting: The real deal with Amway
01 Dec 2006
I’ve had the pleasure to come into contact recently with Eric Scheibeler, a former “independent business owner” for Amway. He did well by all public accounts, rising quickly up the ranks with his wife. I’ve been reading his book, Merchants of Deception, which details his rise and fall in Amway. The story is disturbing [...]
Continue reading...- A new pyramid scheme: United First Financial
- Mary Kay Cosmetics: Destroying half a million women a year
- Ufirst Money Merge Account: Resistance is futile
- The Sarah Palin pregnancy cover-up that wasn't (updated)
- What does Dave Ramsey think about United First Financial
- Vendor talks, Usana squawks
- United First Financial agent compensation plan
- Why can't I pee on my neighbor's lawn?
- $3,500 wasted with United First Financial, per Dave Ramsey
- Searching for Shop to Earn scam
- Tracy Coenen: Oh.. And if you really want to pay $3,800 toward your mortgage...
- Tracy Coenen: Maurice - You’ve fallen for their crap. $5,000 on your...
- maurice: Tracey, Again, I’m not in favor of purchasing software or...
- Tracy Coenen: Well Paul, you apparently agree with me as well. This has been...
- Paul Haley: Has anyone here actually read anything I’ve written any...
- Tracy Coenen: So what Paul is saying is that there is some link between human...
- Lee D: Climate Change is Identity Politics at it’s highest level. And...
- Duped: Good gracious! Sounds like we have another Al Gore here....
- Paul Haley: Lee, There’s no straw man there. Man wasn’t...
- Lee D: Way to mix affirming the consequent with a straw man argument, Paul....
- SEC employees more worried about future careers than actual enforcement?
- “Climate change”: Just another fraud on consumers
- Latest numbers: MPS still sucks
- Property tax sticker shock
- More TARP secrecy
- Bernard Madoff Ponzi scheme investor losses: Recovery?
- Barry Minkow and Fraud Discovery Institute release proof of James Peterson’s (Microsemi Corp) lies
- James Peterson expands the lie; Microsemi board doesn’t care
- Planned Parenthood violating Indiana’s sexual abuse laws
- More public company executives with falsified credentials
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.
06 Dec 2006
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