Archive | May 2007
37th Carnival of Fraud
We had a ton of great submissions this week for the Carnival of Fraud. Keep them coming! It’s great to see what others are discussing as it relates to fraud and scams! SoxFirst mentions a KPMG International survey which found that 92% of worldwide executives expect their number of international investigations to increase or remain the [...]
Continue reading...Good riddance Rosie O’Donnell
27 May 2007
I always thought Rosie O’Donnel was terrible on The View. Everything - I mean everything - was always about her. And her constant need to bring up the fact that she’s a lesbian… Get over it Rosie. We know you’re a lesbian. We don’t care. What we really care about is that you’re loud and [...]
Continue reading...Usana defender Len Clements
26 May 2007
Regrettably, I am a few days behind on reading the Yahoo message board related to Usana Health Sciences Inc. Ever since the issuance of Barry Minkow’s report on Usana, the board has been a hotbed of activity between the “pro” and “anti” crowds. One vocal supporter of Usana has been Len Clements, an owner of a [...]
Continue reading...Jessica McBride is taking a stand
26 May 2007
I am so happy and proud that Jessica McBride is standing up for herself against media bullies who are getting it all wrong. Jessica was recently releasd from her position as evening talk show host at 620 WTMJ, and their story keeps changing. The worst part of all of this is idiots in the media comparing [...]
Continue reading...“Just one name!” cried Mayor Barrett
24 May 2007
Does anyone remember when all the voter fraud occurred in Milwaukee and our good mayor couldn’t believe it? He said that someone should give him “just one name” of someone who voted illegally. Here are two more… According to the Milwaukee Journal Sentinel, two people have been charged with voter fraud by the [...]
Continue reading...Great post on Usana at BloggingStocks
24 May 2007
Zac over at BloggingStocks posted a nice piece on Usana Health Sciences. He’s right on the mark when he says that Barry Minkow caught Usana fighting dirty! Following a YouTube video by Minkow regarding how overpriced Usana vitamins are compared to the competition: Usana contacted the owner of one of the stores, Nutrimart, threatening to sue him [...]
Continue reading...Fired museum president charged with fraud
24 May 2007
John S. Carter, former president of the Independence Seaport Museum in Philadelphia was charged this week with mail fraud and tax evasion. He is accused of stealing more than $1.5 million in improper vendor payments. He submitted invoices to the museum for items of personal use, including home imporvements, electronics, housewares, clothing, jewelry, and art. Last [...]
Continue reading...Note to Patrick Byrne: I can’t keep up anymore
22 May 2007
Overstock.com CEO Patrick Bryne engages is more bizarre stuff than I can keep up with. Seriously. The guy posts on the Investor Village message board for Overstock.com as “Hannibal.” His latest rant is critical of an article on Barrons.com. If you have a hard time following Patrick’s delusions, don’t worry. You’re not alone. The Barrons article discusses [...]
Continue reading...Overstock antics and the company’s code of ethics
22 May 2007
Gary Weiss has a great post at Seeking Alpha about Overstock.com, head clown Patrick Byrne, and the Overstock code of ethics. (What ethics?) Gary observes: Using “ethics” in the same sentence as the corporate chamber pot “Overstock.com” (OSTK) is inherently absurd, I know. But one of the pitfalls of post-Enron reforms — if you’re a [...]
Continue reading...WTMJ backpedals on the Jessica McBride issue
22 May 2007
620 WTMJ is now claiming that Jessica McBride was not fired because of the Eugene Kane piece or her “ideology”. They say they just “moved up” a decision they made a few weeks ago because of the controversy. This excuse is being sent to (apparently) anyone who emails John Schweitzer, station manager. Funny, but [...]
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?
- Shop To Earn lawyer bullying bloggers
- The Pyramid Scheme aspect of Primerica Financial Services
- 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
- quixtarisacult: Dave… Obviously this IbendOverFORbuddies fellow can not...
- Teresa Botial: who cares if the customer likes the products and it fits their...
- quixtarisacult: Thomas… I am sure you are the kind of reader that Tracy...
- Tabitha: Pet owners are responsible for their pets, just like parents are...
- Duped: Thank you for researching Ms. Palin, a larger than life individual who...
- Thomas: A friend of mine recently got involved with UFF. He gave me a quick...
- David Brear: Since the original police investigation of Amway in Andhra...
- Tracy Coenen: Sorry, Charlie. You still don’t get it. All you have to...
- Mercedes: All I was saying Tracy (I think I understand your sarcasm) is that...
- Charlie: you know, I was following some of the links posted here and some of...
- 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
- Somebody please check Henry Paulson
- Bailout to include consumer debt?
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.
27 May 2007
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