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Would you sleep on a wet mattress for 59 days for $295,000?
How much money would it take for you to agree to sleep on a wet matress for 59 days? The mattress keeps getting wet over the 59 days, so it gets a little moldy and a little smelly. But would you do it for $295,000? A Wisconsin prisoner was just awarded $295,000 by a jury for [...]
Continue reading...Carnival of Fraud - September 22, 2008
22 Sep 2008
Welcome to the (late) Carnival of Fraud.. Wenchypoo presents Word of the Day: Decadence posted at Wisdom From Wenchypoo’s Mental Wastebasket. Sam E. Antar (former Crazy Eddie CFO and a convicted felon) presents Overstock.com (NASDAQ: OSTK) CEO Patrick Byrne Pays Utah Attorney General Mark Shurtleff to Defame a Blogger posted at White Collar Fraud.
Continue reading...The end of life as we know it
20 Sep 2008
We now have a Socialist marketplace. I thought that the Democrats were the ones who would lead us there, but I was wrong. It is a Republican administration that has taken us down this road to ruin. N o longer does capitalism mean what it used to… that people worked hard to succeed, and determined their [...]
Continue reading...The financial crisis: No downside for executives who have been paid millions
18 Sep 2008
It’s easy to blame short sellers for troubles in the stock market. After all, they make money when a stock’s price goes down. That’s bad, right? No, not really. It’s no worse than the longs holding stock and hoping a company has good news so they can profit from stock prices going up. Are we really [...]
Continue reading...Laptop computer searches: Homeland Security good, foreign governments bad
18 Sep 2008
Mike Masnick at Tech Dirt alerts us to a very important development in the U.S. Government’s continued searching of laptop computers at the borders. (They might even take away your computer or Blackberry or other computerized device!) Travelers have had to watch officials literally go through data on their computers, or in other cases, have [...]
Continue reading...The editing of the ABC Sarah Palin interview
14 Sep 2008
I watched Charles Gibson interview Governor Sarah Palin with great interest. Yes, I thought he was hard on her, and I wondered how hard he has been on other candidates. (Turns out not hard at all, when you compare the questions from a recent interview Gibson had with Barack Obama.) Newsbusters did an incredible analysis of [...]
Continue reading...Charles Gibson and the media trying to make Governor Sarah Palin look foolish… but end up looking foolish themselves
13 Sep 2008
As I watched a few segments of the interviews Charles Gibson of ABC had with Alaska’s Governor Sarah Palin (soon-to-be VP of the United States), I had this nagging feeling that Gibson was being condescending to her. I brushed it off, thinking that I was being too sensitive to the issue. Until Charlie tried to play [...]
Continue reading...Midwest Airlines pilots hold rally… Why?
11 Sep 2008
I certainly respect the right of the Midwest Airlines pilots and their union to hold a rally. I respect their right to strike or otherwise express their displeasure with Midwest Airlines. But I have to ask… To what end is this being done? Like every other U.S. based airline, Midwest Airlines is in financial trouble. The airline [...]
Continue reading...FACTS about Sarah Palin (something the left seems awfully interested in ignoring)
09 Sep 2008
I’ve been asked: Is this a political site? I’ve been told: Politics have no place on your business site. No, this is not a political blog. And yes, politics have a place on this site. The blog is about fraud, and fraud isn’t limited to the business world. There is plenty of fraud in the political [...]
Continue reading...Milwaukee: Piling on the taxes
07 Sep 2008
If you live in MIlwaukee, get ready for even higher taxes and fees. Everyone in the area knows that if you live in Milwaukee, you’re paying some of the highest taxes around. Property taxes are sky high, we have the highest sales tax of any county in the state, and our fees are obnoxious. It’s about [...]
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.
23 Sep 2008
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