Posted by Tracy Coenen on November 29, 2006 · Leave a Comment
German investigators who are looking into fraud allegations at Siemens AG are having some success. They’ve said they discoverd .200 million (about $250 million) in suspicious transactions. This is significantly more than discovered just a week ago.
Six former employees of Siemens have been jailed while the investigation is ongoing. Investigators allege that [...]
Posted by Tracy Coenen on November 27, 2006 · 4 Comments
Yet another tax increase is being discussed in Wisconsin, a state already known for its extremely high tax burden. Naturally, lawmakers are spinning this tax increase as a tax shift, rather than an increase. Suuuuuuuure.
Here’s the idea: State Sen. Jon Erpenbach (D-Middleton) wants to do away with sales tax exemptions. What? Currently most goods require [...]
Posted by Tracy Coenen on November 27, 2006 · Leave a Comment
Today’s post-holiday Carnival of Fraud has arrived. Thank you to the contributors. We look forward to another issue featuring blog posts about schemes, scams, and frauds.
Stock Market Beat discusses Verizon’s strategy for bringing “fiber to the home” and how differentiation may help the company, rather than hurt it as some naysayers are betting.
Badger [...]
Posted by Tracy Coenen on November 26, 2006 · Leave a Comment
How does that work?
Give lawmakers a bunch of sick days, and when they’re sick, they just don’t show up. They don’t ever “use up” any of the sick days. They keep accumulating into infinity.
How cool is that?
Apparently really cool for Wisconsin lawmakers. When they retire, they can use their accumulated sick leave [...]
Posted by Tracy Coenen on November 25, 2006 · 1 Comment
Commuter rail between Milwaukee, Racine, and Kenosha is being discussed again. According to the Milwaukee Journal Sentinel, it will cost $237 million to start. The plan proposes 14 round trips on weekdays and 7 on weekends and holidays. The fares would be around $10 one way, and buses and shuttles would theoretically take riders [...]
Posted by Tracy Coenen on November 22, 2006 · Leave a Comment
Milwaukee, WI November 22, 2006 . Pyramid Scheme Alert announces that Tracy L. Coenen, CPA, MBA, CFE has been named to the organization.s Board of Advisors. Her consumer education website, PinkTruth.com, which exposes and analyzes the business and recruiting practices of Mary Kay and the plight of Mary Kay salespeople, has received over 4,000 visitors [...]
Posted by Tracy Coenen on November 21, 2006 · 2 Comments
Milwaukee, WI November 20 2006 . Tracy L. Coenen, CPA, MBA, CFE, a nationally-recognized fraud examiner and expert witness, has developed a website to educate and inform the public about the Mary Kay Cosmetics business opportunity. Pink Truth (www.pinktruth.com) has quickly become a valued resource to hundreds of thousands of women around the world.
Coenen, a [...]
Posted by Tracy Coenen on November 20, 2006 · Leave a Comment
Welcome to the latest edition of the Carnival of Fraud, the place that highlights posts on frauds, scams and misdeeds from around the world.
Another winning post from Wenchypoo! She enlightens us on how the ideals of the liberals could mean disaster for our country. The ideals sound wonderful, but many fail to consider the [...]
Posted by Tracy Coenen on November 18, 2006 · 1 Comment
A lawsuit has been filed against News Corp., the owner of MySpace, by Universal Music Group. Universal, the world’s largest recorded music company,claims that MySpace is infringing on copyright by trafficking in “user-stolen” content such as music, videos, and written materials.
Universal is known for aggressively defending its copyrights. The company has been negotiating [...]
Posted by Tracy Coenen on November 17, 2006 · Leave a Comment
1. Education . If employees are aware of fraud and how it happens, they will be your best on-the-job sleuths.
2. Surprise Audits . When employees are aware that there will be random checks of their areas, they are more likely to be honest. They also will not feel singled out when it is .their [...]
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