The Carnival of Fraud!!!

Wise Bread discusses a scam at Best Buy that looks like it may have been resolved. Apparently Best Buy was selling items at lower prices on the internet. If you went into a store to buy the item (which the internet said was in stock), you would see the higher price. If you asked a sales associate about it, they would “go online” and show you that the price on the item was correct. The problem was that they were pulling the price from their INTRANET, which is an internal system only… which happened to have higher prices than the INTERNET.

Sox First discusses a paper on external auditors and red flags. The author of the paper identified 42 red flags, which, if seen by an external auditor, should be a sign that fraud may be occurring at a company.

Trusted Advisor talks about his recent trip to Argentina and issues of trust.

The Real Estate Forum features a commentary on subprime lending and laws that are written for the lowest common denominator.

Badger Blogger highlights the head of the Wisconsin Department of Transportation, Frank Busalacchi. It seems the dog ate his homework.

Wenchypoo treats us to a fascinating commentary on the farce of alternative energy sources. I’ve always said that “alternative energy” sounds nice and makes people feel good, but for now is not viable.

And finally, I’ve got more information on the Fraud Discovery Institute’s investigation of Usana Health Sciences. Usana filed a lawsuit, but curiously, addresses almost none of the real issues revealed during our investigation.

Related posts:

1. Verizon files patent infringement suit against Vonage
2. Settling the Usana “75% savings” issue once and for all
3. Dozier Internet Law on illegal use of a competitor’s name
4. 19th edition of The Carnival of Fraud
5. Carnival of Fraud – Better late than never!