Sequence Inc. Fraud Files Blog

UFF Agents don’t understand basic math and concepts related to debt

28 Oct 2009

We have discussed at length all of the reasons why the United First Financial Money Merge Account (UFF MMA) program is a waste of $3,500. In fact, we’ve even proven how even if the software was FREE, consumers are better off not using it. The evidence which supports these assertions is based in simple math. A [...]

Conservatism is no excuse for false financial statements, Overstock.com

27 Oct 2009

1 Comment

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 [...]

United First Financial: Don’t believe the hype

20 Oct 2009

22 Comments

More than a year after I started to write about the evils of United First Financial, its representatives are still trying to dazzle the crowds with bogus claims of factorial math. It’s become clear that the primary method for selling consumers on this ridiculously expensive software that the consumer doesn’t even own ($3,500) is by confusing [...]

Allegations that the arbitration process is rigged against consumers

15 Oct 2009

0 Comments

If you’re in the U.S. and you have a credit card, you may be very familiar with arbitration clauses. Most of the credit card companies, and plenty of other companies you do business with, have these clauses in their contracts. What they generally say is that you the consumer give up your right to ever [...]

From criminal to credible?

07 Oct 2009

0 Comments

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 [...]

Evidence of massive naked short selling. Or not.

05 Oct 2009

2 Comments

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.

Buyer Beware: Fraud committed by Bagshop.com and Petticoat Lane scammers

01 Oct 2009

13 Comments

As a fraud investigator, I take honesty and fair dealings very seriously. When I make a mistake, I own up to it. When someone I’m doing business with makes a mistake, I expect them to also take responsibility and make things right. I have been defrauded by Bagshop.com and its related brick and mortar company [...]

Medifast and Take Shape For Life: Weight loss pyramid scheme?

14 Sep 2009

0 Comments

Earlier this year, Barry Minkow and Fraud Discovery Institute railed on Medifast, a company with a weight-loss plan being marketed with a multi-level marketing plan. The company was built primarily through marketing of the weight loss program through physicians. The Medifast executives realized that the MLM structure was their golden opportunity.

Mona Vie: Don’t use our name in your URL, unless you’re Wikipedia (and we’re doing the editing)

03 Sep 2009

12 Comments

Earlier this week I wrote about the MonaVie lawyers going after bloggers who do unflattering critiques of the company. Their premise was silly: You can’t use our name in a URL. Here’s exactly what they said in their threatening letter to blogger “Lazy Man”:

Here come the MonaVie lawyers…

01 Sep 2009

3 Comments

When will companies learn? Trying to silence critics of them with bogus threats of legal action just isn’t effective. We have something called “freedom of speech” here which guarantees us the right to speak our minds, so long as we’re being truthful. Yet that doesn’t stop multi-level marketing companies from trying to bully their critics.

Archive | Scam Busting RSS feed for this section

UFF Agents don’t understand basic math and concepts related to debt

Conservatism is no excuse for false financial statements, Overstock.com

United First Financial: Don’t believe the hype

Allegations that the arbitration process is rigged against consumers

From criminal to credible?

Evidence of massive naked short selling. Or not.

Buyer Beware: Fraud committed by Bagshop.com and Petticoat Lane scammers

Medifast and Take Shape For Life: Weight loss pyramid scheme?

Mona Vie: Don’t use our name in your URL, unless you’re Wikipedia (and we’re doing the editing)

Here come the MonaVie lawyers…

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