Posted by Tracy Coenen on September 30, 2006 · Leave a Comment
On Friday, Cingular Wireless filed a lawsuit against CAS Agency Inc. in U.S.District Court in Atlanta. Cingular claims that the company fraudulently accessed the records of one of its cutomers during the investigation of the Hewlitt-Packard board of directors information leak.
Specifically, Cingular says CAS Agency illegally accessed the records of CNET reporter Dawn Kawamoto, [...]
Posted by Tracy Coenen on September 30, 2006 · Leave a Comment
I’ll talk more in later posts about my personal experience as a Mary Kay representative. There are many facets of the company, its representatives, and its training programs that I think will interest my readers. In a nutshell, however, I joined the company as an independent sales representative, and quickly started moving up [...]
Posted by Tracy Coenen on September 27, 2006 · Leave a Comment
The founder and chairmain of the Association of Certified Fraud Examiners, Joseph T. Wells, CFE, CPA has been named to Accounting Today’s Top 100 Most Influential People. This is Joe’s ninth consecutive year on the list, which will be published in the October 2006 issue of the magazine. Joe is recognized for his [...]
Posted by Tracy Coenen on September 27, 2006 · Leave a Comment
Kobi Alexander, the former CEO of Comverse Technology was arrested in the African republic of Namibia and is going to be extradited to the United States. Alexander is a citizen of both the U.S. and Israel, and has been missing for the last month, after he failed to show up for a hearing in [...]
Posted by Tracy Coenen on September 26, 2006 · Leave a Comment
Andrew Fastow, former CFO of [tag]Enron, was sentenced to six years in federal prison today. Following his prison term, Fastow is required to serve two years of full-time community service.
Fastow reached a plea deal in early 2004, in which he agreed to plead guilty to two counts of conspiracy to commit fraud. That [...]
Posted by Tracy Coenen on September 25, 2006 · Leave a Comment
Milwaukee Alderman Michael McGee (Jackson) has drafted an ordinance to allowed all alderman to be designated Peace Officers, and allow them to carry guns. This would include himself.
Recall that McGee/Jackson is without a driver’s license, due to the fact that license #1 was revoked because of an unresolved traffic incident. License #2 was revoked [...]
Posted by Tracy Coenen on September 25, 2006 · Leave a Comment
Welcome to our fourth weekly edition of the Carnival of Fraud.
I had an interesting week, as I visited New Orleans and spoke to about 350 CFOs about Hurricane Katrina and the risks of financial statement fraud. I took a couple of tours while I was there, and had the opportunity to see the damage from [...]
Posted by Tracy Coenen on September 25, 2006 · Leave a Comment
Ponzi demonstrated to himself that he could achieve astronomical profits with the postal reply coupons, a far better return on investment than interest paid by the banks or profits created in the stock market.
His investment pitch included the mention of the International Reply Coupons, as he was depending upon the legitimacy of the U.S. Postal [...]
Posted by Tracy Coenen on September 22, 2006 · Leave a Comment
On Friday, I took a tour of New Orleans. Specifically, we took the Hurricane Katrina tour offered by Grayline Tours. Before I went to New Orleans, I was told by several people that the devastation is at a level that you cannot even imagine. That pictures and video footage cannot fully convey [...]
Posted by Tracy Coenen on September 22, 2006 · Leave a Comment
Allegations of fraud have been raised against “Painter of Light” Thomas Kinkade and his executives. The allegations that they induced investors to open art galleries and then ruined them financially are being investigated by the FBI.
To date, at least six former Thomas Kinkade Signature Gallery owners have filed civil suits against Kinkade. They claim [...]
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