Archive | Jun 2007
Score another successful fraud discovery for Barry Minkow
The preacher-man has done it again. Another scam - BUSTED. Wilson James Baston Jr. of Manhattan was arrested last week on charges related to bilking elderly people out of $16 million. And it all began with a report authored by Barry Minkow. The U.S. attorney’s office in Manhattan alleges that Baston was operating a Ponzi [...]
Continue reading...Fire tragedy in Charleston
19 Jun 2007
I received this email from Richard Davis, the star of the old “Flip This House” and the new “Real Deal” and “Real Estate Pros”. I want to thank all of you who have emailed and called to send your condolences and support of the Charleston Community during probably one of the most tragic days in the [...]
Continue reading...Michael McGee (Jackson) search warrant details some allegations
18 Jun 2007
And the evidence mounts…. This time there are more details to the allegations against Milwaukee alderman Michael McGee (Jackson). He set up a “Rapid Response Team” that was supposed to help fight crime. Instead, it seems that it was a cover to help him extort money from his constituents. Since his district has so much crime, [...]
Continue reading...Judd Bagley is threatening people who speak out against the management and deception at Overstock.com?
18 Jun 2007
As this site and the blogs of Gary Weiss, Sam Antar, Jeff Matthews, Scipio Africanus (pen name) have often discussed, there is an ongoing campaign to expose the mangement of Overstock.com. People want Patrick Byrne and company to come clean with the investing community. The company’s financial statements raise many questions, and the behavior of [...]
Continue reading...Carnival of Fraud #39
17 Jun 2007
Steven Silvers presents eHarmony complaint proves once again that lawsuits are a great way to generate serious publicity for extremist silliness. posted at Scatterbox at stevensilvers.com, saying, “Whether media bias or just bad reporting, news coverage of legal actions often validates even the most absurd anti-corporate rhetoric.” Bob Jones presents Sponsoredreviews.com Scam? at Bob [...]
Continue reading...A note of support for James Harris
17 Jun 2007
Conservative blogger and radio show host James Harris recently gave a speech that he calls “an anti-affirmative action address that I gave for a breakout session” at a black state employees’ convention. The words James spoke were not popular. He had to be escorted from the room. He had to leave. Why? He quoted sociologits [...]
Continue reading...Plea bargain for attorney in BALCO case thrown out
17 Jun 2007
Troy Ellerman, the attorney who released grand jury testimony of Barry Bonds in the BALCO steroids case to the media, has had his plea bargain thrown out by a federal judge. Ellerman pleaded guilty to four felonies in February, and the plea agreement specified a prison term of up to 2 years and a fine [...]
Continue reading...Credit industry fighting against piggybacking
16 Jun 2007
Consumers who used piggybacking to help improve their credit scores may soon be thwarted. “Piggybacking” involves a consumer with a non-existent or poor credit history being added to a credit account of someone with a good credit history. Being added to a credit card of someone with the “good” history immediately helps improve the credit [...]
Continue reading...Usana distributors are volunteers, according to the CFO
16 Jun 2007
Usana Health Sciences Inc. CFO Gil Fuller (they guy who called himself a CPA when he didn’t have a license) has been trying to spin many of the negative facts being revealed about the company. This one is fantastic. Fuller gave a presentation on Thursday at the Morgan Stanley Small Cap Executive Conference in New [...]
Continue reading...BloggingStocks on Apple Inc.
16 Jun 2007
I watch Apple’s stock with much interest. I have been in and out of the stock from late last year until the present. Each time I have made a tidy little profit. Each time I sold, I wondered why I didn’t just hold my position a bit longer. But I have a limit on [...]
Continue reading...- Mary Kay Cosmetics: Destroying half a million women a year
- A new pyramid scheme: United First Financial
- Ufirst Money Merge Account: Resistance is futile
- Vendor talks, Usana squawks
- The Sarah Palin pregnancy cover-up that wasn't (updated)
- $3,500 wasted with United First Financial, per Dave Ramsey
- What does Dave Ramsey think about United First Financial
- Why can't I pee on my neighbor's lawn?
- United First Financial agent compensation plan
- Searching for Shop to Earn scam
- Craig: Hello Roger, or should I say UFirst Agent No. 864081? How is your...
- Craig: In fact, Quicken and MS Money are far better quality products, and...
- Tracy Coenen: The sad thing is that the quality of the $200 product will be...
- Roger Carman: Ms. Tracy Coenen: Your research capabilities are non-existent....
- Susan: Hello, I am a Happy user of the MMA v4 product. Everyone has a right...
- The Stein: Wellllllllll….here is the another greedy and destructive...
- resident: Tracy, first off let me say thank you so much for all of your...
- mark: Classic, never sure why everyone is always bashing MLM’s. I have...
- Smarter than STE members: This is a very dangerous company. It has a genius...
- Jeff Bowyer: Timothy Sykes is a hypocrite. After I discovered severe...
- United First Financial broker numbers and earnings
- No Surprise: The “bailout bill” is falling apart
- More gifts from the government for the financially irresponsible
- Credit card company bailout next?
- Election fraud and the future of America
- Why audits are near worthless (yes, internal audit too)
- Bailout head Neel Kashkari wants transparency (except when he doesn’t)
- Overstock.com executives subject to clawback provision in Sarbanes-Oxley?
- Milwauke Public Schools: Obscene property tax increase
- But there’s no evidence of voter fraud!
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.
19 Jun 2007
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