33rd edition of Carnival of Fraud
Welcome to the carnival!
DigeratiLife talks about getting rich the easy way: by cheating. The post references stock option backdating, which has happened at many companies, and has put lots of money in the pockets of those receiving the options.
The Better Business Bureau blog takes a trip down memory lane with Charles Ponzi and helps consumers avoid modern investment scams.
SoxFirst points us to a KPMG Forensic study of those committing corporate fraud, who are most often male, high-level, and trusted.
The BizOp briefs us on Oprah’s recent show about avoiding scams. Michael wasn’t all that impressed with the show.? He suggests that Oprah should look into the network marketing scams of today, and I wholeheartedly agree!
Sam Antar details a timeline of events involving Overstock CEO Patrick Byrne and Overstock employee Judd Bagley, and it seems someone wasn’t telling the whole truth!
Zac Bissonnette over at BloggingStocks tells how Usana Health Sciences invoked the Chewbacca Defense last week during their conference call. (Watch the video – it will all make sense!)
And we round out this week’s Carnival of Fraud with my comments on the fact that Usana executives say it doesn’t matter that almost no one makes money with their “business opportunity” because almost no one wants to make money anyway!
Submit your article for next week’s carnival here!
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