Search Results | "'overstock.com'"
Overstock.com: The circus continues
Sam Antar has often referred to Overstock.com and CEO Patrick Byrne as the gifts that keep on giving. And he sure is right! There is never a dull moment when it comes to wacky conspiracy theories and accounting woes that never end. Last week, Overstock (NASDAQ:OSTK) announced that it wouldn’t be filing its 10-Q for the [...]
Continue reading...Overstock.com admits they’re clueless about the accounting rules
Friday, November 13, 2009
This week Overstock.com (NASDAQ:OSTK) notified the public that they wouldn’t file their third quarter 10-Q on time. The reason: The registrant has been unable to complete its financial statements for the quarter ended September 30, 2009, as it is continuing to analyze the proper accounting treatment for $785,000 the registrant received during the first quarter of [...]
Continue reading...Conservatism is no excuse for false financial statements, Overstock.com
Tuesday, October 27, 2009
I’ve written extensively in the past about the train wreck that is Overstock.com (NASDAQ:OSTK) and its nutty CEO, Patrick Byrne. Just when I think there couldn’t possibly be more to write about the horrible company and Byrne’s crazy antics, I’m proven wrong. For those that have been following Overstock.com for the past few years, it came [...]
Continue reading...From criminal to credible?
Wednesday, October 7, 2009
Yes, it can happen. And that’s exactly what happened to Sam Antar, former CFO of Crazy Eddie… a massive fraud for which he’s now a convicted felon. He’s had his eye on Overstock.com (NASDAQ:OSTK) for a couple of years, and despite stalking and harassment paid for by Overstock’s wacky CEO Patrick Byrne, Sam keeps on [...]
Continue reading...Evidence of massive naked short selling. Or not.
Monday, October 5, 2009
Today Matt Taibbi posted a “shocking” article and video purporting to show a day trader engaging in massive naked short selling of a stock. And the firm that clears his trades, Penson Financial Services, goes along with it all.
Continue reading...More financial statement fraud at Overstock.com
Tuesday, May 5, 2009
White collar crime fighter and reformed felon Sam Antar has done it again. He has exposed the most recent financial statement fraud being perpetrated by Overstock.com (NASDAQ:OSTK) and wacky CEO Patrick Byrne. Of course, this doesn’t come as any surprise to anyone who has been following the company. Overstock cannot turn a profit, and when management [...]
Continue reading...Evidence of Naked Short Selling? Hardly.
Sunday, April 26, 2009
The tinfoil hat-wearing crew over at Deep Capture thinks they’ve finally demonstrated an actual case of Naked Short Selling damaging a company. (They’ve been asked repeatedly to prove that naked short selling has ever severely damaged a company, and have yet to produce proof that any such thing has happened.) What they’ve instead demonstrated is what [...]
Continue reading...Naked Short Selling: A complete waste of resources
Tuesday, March 24, 2009
The issue of Naked Short Selling stocks (NSS) is getting some airtime, thanks to the likes of loony Overstock.com (NASDAQ:OSTK) CEO Patrick Byrne. He’s a crusader for NSS, claiming over and over that the practice almost destroyed his company. The sad truth is that NSS didn’t really do anything to Overstock.com. Byrne and his incompetent [...]
Continue reading...In agreement: Overstock.com sucks and Patrick Byrne is wacky
Wednesday, March 11, 2009
I’ve written plenty here about perpetual money-loser Overstock.com (NASDAQ:OSTK) and its wacky CEO Patrick Byrne. Unfortunately, I’ve mostly lost interest in the topic. Why? It’s the same old, same old. Overstock.com continuously loses money for shareholders. Byrne pretends that profits are right around the corner. More money is lost. Dishonest accounting tricks are used to pretend [...]
Continue reading...More accounting mistreatment by Overstock.com (NASDAQ:OSTK) and CEO Patrick Byrne
Monday, February 9, 2009
Last week, Sam Antar exposed yet another set of accounting manipulations by Overstock.com (NASDAQ:OSTK) and CEO Patrick Byrne. Those who have carefully followed the Overstock saga are no doubt unsurprised at company’s use of a little accouting “presto chango” to make the fourth quarter of 2008 look better. Had the company reported its financials properly for [...]
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- Overstock.com: The circus continues
- Overstock.com admits they’re clueless about the accounting rules
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- Conservatism is no excuse for false financial statements, Overstock.com
- United First Financial: Don’t believe the hype
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- Evidence of massive naked short selling. Or not.
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About the Author
Tracy Coenen is a forensic accountant and fraud examiner in Chicago and Milwaukee who investigates white collar crimes, including cases of financial statement fraud, embezzlement, tax fraud, and insurance fraud. She is the author of Expert Fraud Investigation and Essentials of Corporate Fraud and more than 100 articles on fraud featured in industry publications.
Tuesday, November 17, 2009
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