Archive | Jul 2008
Overstock.com’s mounting accumulated losses
Today Patrick Byrne, CEO of the ever-flailing internet retailer Overstock.com (NASDAQ:OSTK) went on Fox Business to talk about naked short selling and conspiracy theories. And to whine about CNBC and the fact that he thinks people at CNBC take orders from Hedge funds: “They won’t let me on to talk about it.” Byrne was asked the [...]
Continue reading...Women in the workforce: Incompetence versus discrimination
22 Jul 2008
Women have been discriminated against in the workplace. I’m not pretending it doesn’t happen, because it does. There are “good old boys networks” and those can have a negative impact on women at work. But women need to get with the program and figure out when there’s discrimination and when they’re just incompetent (or at the [...]
Continue reading...Deloitte & Touche: It’s good to be partner.
22 Jul 2008
There are many things wrong with the Big 4 accounting firms, and I predict that within 3 years (probably less) they will all be gone. But the partners are going to stay on the gravy train as long as they can. Make no mistake: Being partner at a Big 4 isn’t easy. It takes a lot [...]
Continue reading...How NOT to handle criticism: Shop To Earn and Shop To Earth
21 Jul 2008
Ben W. Glass, editor at Clarislaw.com and attorney, did a nice write-up last week of the ShopToEarn situation. He thinks attorney Gerald Nehra made a boo-boo when he wrongly threatened Everyday Finance and me because of our negative reviews of Shop To Earn and Shop To Earth. He gives a brief background on the original review [...]
Continue reading...The paid sick leave scam
21 Jul 2008
On the November ballots, City of Milwaukee residents may have to vote on whether private employers should be required to provide paid sick leave for all employees. Here’s what the Milwaukee Journal Sentinel says about it: A coalition led by 9to5, the National Association of Working Women, has mounted a petition drive demanding an ordinance to require [...]
Continue reading...Carnival of Fraud - July 21, 2008
21 Jul 2008
Welcome to the July 21, 2008 edition of carnival of fraud. otherdeb (Deb Wunder) presents How my roommate accidentally blew this month?s rent posted at The Dangling Conversation. Leon Gettler presents No more corporate crime hardball posted at Sox First, saying, “In another sign that the administration is easing up on its fight against corporate crime, [...]
Continue reading...Amway sucks! Quixtar sucks! Alticor sucks!
21 Jul 2008
I’m no fan of multi-level marketing companies (MLMs), and Amway - Quixtar - Alticor is the mother of all MLMs. Amway Corporation was founded in 1959 by Rich DeVos and Jay Van Andel. It was originally called Ja-Ri Corporation, and the name was changed to Amway in 1963. A reorganization occurred in 1999, through which [...]
Continue reading...Ever been pursued by someone recruiting for Amway or Quixtar?
19 Jul 2008
I’m willing to bet it went something like this!
Continue reading...Name one accomplishment by Barack Obama
19 Jul 2008
Anyone with an ounce of brains is well aware that Barack Obama has not one accomplishment to his name, not one thing that qualifies him to be President of the United States. These voters help demonstrate it…
Continue reading...Milwaukee County Supervisors want to stick it to the taxpayers again
19 Jul 2008
Career politician Elizabeth Coggs (what happened to the Coggs-Jones?), who apparently has never had a real job, is crying about the compensation at her part-time job… Milwaukee County Supervisor. I’m not kidding… These are part-time jobs. And for her part-time work, Coggs gets $50,769. But she doesn’t think that’s enough. Supervisors froze their own pay until [...]
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
- Tracy Coenen: Roger - What exactly does MMA do if not encourage a user to pay...
- Roger Carman: Tracy, It is my opinion that you don’t know much of the...
- JoeTaxpayer: Roger, what it seems to do is use confusing terms (such as...
- marcy: Roger, I love that you are painting the UFF group as self sacrificing...
- Craig: For someone critical of the research capabilities of others, you seem...
- Tracy Coenen: What it really does is cause homeowners to waste $3,500 on an...
- Roger Carman: Craig, It would really impress me if you took your research...
- 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...
- 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.
22 Jul 2008
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