Catapult Communications Corp. in Los Angeles quit their auditors, Deloitte & Touche. And they made public the reason. Deloitte’s fee for 2008 audit = $985,000 Local firm fee for 2008 audit = $561,000 or less (a 43%+ savings) The local […]
Today, Overstock.com (NASDAQ: OSTK) stock hit closed at a low like it hasn’t seen in four years: $11.85. $11.30. Could it be that Patrick Byrne’s grand charade is finally unraveling, right before our very eyes? For quite some time, there […]
In the January 2nd press release announcing Jason Lindsey’s departure from Overstock.com (NASDAQ: OSTK), Patrick Byrne said the following: “Jason co-founded the company and helped build it before retiring the first time. When I screwed it up a couple years […]
In light of a recent rise in fraud at ATMs, Citibank is lowering the daily cash withdrawal limit for some customers. The company says this only affects a small number of customers in New York City, but it’s still causing […]
You’d think that with the sudden resignation of Overstock.com’s (NASDAQ: OSTK) president, COO, co-founder, and board member Jason Lindsey, Patrick Byrne might be a little bit busy. After all, when high-level executives bail without warning from a sinking ship like […]
Eugene Plotkin, former Goldman Sachs associate involved in insider trading was sentenced yesterday to almost five years in prison. The 28-year-old Harvard graduate got the minimum possible sentence under his plea agreement. Plotkin was arrested in early 2006 for a […]
FDI: China Government Issues Official Interrogation Notice on Usana Health Sciences Inc. Associate for Alleged Multi Level Marketing Activities in Nanning, the Capital City of the Guangxi Province in Mainland China FDI also releases several new Web sites that demonstrate […]
I bet Patrick Byrne, CEO of Overstock.com (NASDAQ: OSTK) wishes the week was over. He screams, “NOOOOOOO…. not one more day of trading!” The stock fell over 12% to $13.24, the lowest price since 2003. But of course, the company […]
Does it surprise you that the author of the piece in question is Eugene Kane of the Journal Sentinel? Of course not. He laments for those who violate winter parking regulations. He admits parking illegally, but then cries that he’s […]
New Orleans, LA. Lisa Mayerhafer, a former administrator for the New Orleans law firm Gertler, Gertler, Vincent and Plotkin, was charged with stealing more than $200,000 in a bank fraud scheme over several years. Background: According to federal court documents, […]
