Posted by Tracy Coenen on December 31, 2006 · 5 Comments
What began as a loosely organized group of women casually discussing their dislike of the “business opportunity” offered by multi-level marketing companies like Mary Kay Cosmetics, has been slowly developing into an organized, credible attack on the tactics that abuse participants.
Pink Truth, a website created and maintained by me, systematically exposes the lies and half-truths [...]
Posted by Tracy Coenen on December 29, 2006 · Leave a Comment
The prosecutor in the Duke lacrosse sexual assault case may be forced off the case because of a conflict of interest related to ethics charges filed against him.
The ethics charges were filed against District Attorney Mike Nifong on Thursday by the North Carolina bar. The charges generally accuse Nifong of violationg the professional conduct [...]
Posted by Tracy Coenen on December 28, 2006 · 16 Comments
Recently, there have been reports that indicate 15% to 19% of gift cards purchased from retailers are never redeemed. Huh? Up to 1/5 of people don’t spend that gift cards they’re given??? What a travesty!
But there is hope. Websites like Cardavenue, Plastic Jungle, Gift Cards Again, Gift Card Buy Back, and Swapagift.com [...]
Posted by Tracy Coenen on December 28, 2006 · 1 Comment
The confession by Apple Computer executives has gotten more serious. Previously, it was believed that stock options were backdated a’la several public companies. It’s now been revealed that executives also falsified documents related to stock options in order to personally make more money on them.
Apparently, federal prosecutors are now looking at documents related to the [...]
Posted by Tracy Coenen on December 27, 2006 · Leave a Comment
A recent article on Forbes.com put the whistleblower issue in perspective financially. In the last year, the Justice Department says that whistleblowers revealed $1.3 billion of fraud, mostly in the health care arena. This was apparently one of the bigger years for the Justice department. The whistleblowers were paid $190 million for their [...]
Posted by Tracy Coenen on December 25, 2006 · 1 Comment
Welcome to the Christmas edition of the Carnival of Fraud, celebrating our 16th week. On with the show…
Sox First discusses the issue of whether Sarbanes-Oxley is constitutional. This ties in well with my recent article on the costs and benefits of Sarbanes-Oxley.
The Digerati Life did a cool post about the Top 10 Scams of [...]
Posted by Tracy Coenen on December 21, 2006 · Leave a Comment
According to a report by the Associated Press, President Bill “Clinton’s national security advisor removed classified documents from the National Archives, hid them under a construction trailer and later tried to find the trash collector to retrieve them.”
Former national security advisor Sandy Berger pleaded guilty and was sentenced over a year ago, but the report [...]
Posted by Tracy Coenen on December 21, 2006 · 2 Comments
In order to support a rail service that won’t have even close to enough ridership to pay for itself, officials are proposing more sales taxes.
The proposed KRM Commuter Link, a train connecting Kenosha, Racine, and Milwaukee, has been discussed for quite some time now. There would be 14 round trips per weekday, with 7 [...]
Posted by Tracy Coenen on December 20, 2006 · 2 Comments
Media outlets report that there are more than 1,300 open investigations of alleged FEMA fraud in the southern district alone. The U.S. Attorney’s office has said that the United States intends to investigate and prosecute aggressively.
Currently, 92 people are under federal indictment for fraud related to Hurricane Katrina. About half have already pleaded guilty [...]
Posted by Tracy Coenen on December 19, 2006 · 2 Comments
Milwaukee’s public school district is crying because $9.1 million that they wanted to squeeze out of taxpayers was erroneously left off property tax bills that were sent earlier this month. They’re pointing the finger at the Assessor’s Office, who is pointing the finger right back at them.
Milwaukee Public Schools initially voted to soak taxpayers [...]
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