Posted by Tracy Coenen on May 31, 2008 · 2 Comments
Dennis Troha has to be laughing at all the idiots involved in his schemes. Troha is the wealthy businessman who was a financial backer for a Menominee Indian casino project through his entity, Kenesah Gaming Development.
He was indicted in early 2007 for illegally giving Governor Jim Doyle $100,000 via his company Johnson Houston Partners [...]
Posted by Tracy Coenen on May 31, 2008 · Leave a Comment
This past week, AOL Small Business featured my post on tattoos in the workplace.
My verdict as the proud owner of 3 tattoos and as an entrepreneur who works with stuffy suit-and-tie types? There’s a time and place for tattoos, so choose wisely before you get them.
Posted by Tracy Coenen on May 31, 2008 · Leave a Comment
My article on data security problems is being featured on AllBusiness.com, as the site focuses on business security this week. It should come as no surprise that online security concerns are expected to rise this year as the number of attempted and successful online frauds will undoubtedly increase.
Posted by Tracy Coenen on May 30, 2008 · Leave a Comment
This week, I finally went to see the Body Worlds exhibit at the Milwaukee Public Museum. The exhibit has been here since January, but I procrastinated. This is the last weekend it’s running, and the museum is staying open 24 hours a day to accommodate the last-minute visitors.
I saw a similar show in Las Vegas [...]
Posted by Tracy Coenen on May 30, 2008 · 5 Comments
“The UFF program is the ONLY program on the market with these exact features and benefits.”
Of course it is. If it could be compared to anything else, consumers would quickly see that it’s not all it’s cracked up to be. It needs to be some secret, special, super-duper, can’t get it anywhere else program or [...]
Posted by Tracy Coenen on May 30, 2008 · 1 Comment
According to a transcript of an interview that Overstock.com (NASDAQ:OSTK) CEO Patrick Byrne did with CNBC in 2004, he is a crook. Here’s the relevant portion:
Interview: Patrick Byrne, chairman and CEO of Overstock.com, discusses the company’s revenues and earnings
23 April 2004
CNBC: Kudlow & Cramer
Mr. BYRNE: Well, first of all, I’m all about [...]
Posted by Tracy Coenen on May 29, 2008 · 2 Comments
There are four critical pieces to a corporate investigative puzzle. With the proliferation of stories of corporate fraud, managers and executives would be wise to familiarize themselves with the workings of a corporate fraud investigation.
A corporate investigative policy is necessary because it is important to have guidelines in place for the start of an investigation. [...]
Posted by Tracy Coenen on May 28, 2008 · 3 Comments
Last week, Barry Minkow and Fraud Discovery Institute release a report that showed that Herbalife (NYSE:HLF) products contain unsafe levels of lead. The reason why people can be poisoned with Herbalife products is simple: Although each pill might contain only a tiny amount of lead, the recommended dosages of the products add up to a [...]
Posted by Tracy Coenen on May 28, 2008 · 3 Comments
Utah Attorney General Mark Shurtleff keeps providing interesting material for bloggers. Two weeks ago I wrote about the campaign contributions Shurtleff receives from multi-level marketing companies (MLMs) like Usana Health Sciences (NASDAQ:USNA) and Pre-Paid Legal (NYSE:PPD), and his support for weakening laws against pyramid schemes in Utah. This is important because it is my contention [...]
Posted by Tracy Coenen on May 28, 2008 · 1 Comment
Sam Antar has a great article today on Overstock.com (NASDAQ:OSTK) continuing to overstate EBITDA. Specifically, Sam says:
In Overstock.com’s Q1 2008 earnings release and 10-Q report the company continued to improperly remove from its EBITDA calculation, certain stock-based expenses in violation of Regulation G. As a result, Overstock.com’s reported Q1 2008 EBITDA of $3.524 million was [...]
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