Posted by Tracy Coenen on April 20, 2010 · Leave a Comment
Last week, Medifast Inc. (NYSE:MED) announced that it changed auditing firms. The company previously used Bagell, Josephs, Levine and Company, and they were criticized for the choice of auditors by Fraud Discovery Institute and Sam Antar. FDI’s criticism was summed up in a press release: Expert’s letter sites possible stock-touting of Medifast (NYSE:MED) stock by [...]
Posted by Tracy Coenen on April 3, 2010 · 2 Comments
I have been criticized on many occasions for working with felons in my fraud investigation practice. Specifically, I have been working with Barry Minkow and Sam Antar for over three years on a variety of fraud investigations. Both are convicted felons for their participation in large-scale financial frauds in the 1980s. I work with others [...]
Posted by Tracy Coenen on February 10, 2010 · 3 Comments
Who do you trust? That’s an issue that often arises in my work with Barry Minkow. Barry is most well-known for the fraud he committed through his carpet cleaning company ZZZZ Best. He is much less known for his work helping the FBI uncover fraud since he’s been out of prison. Barry has been responsible [...]
Posted by Tracy Coenen on January 17, 2010 · 8 Comments
I have been criticized for “defending” Grant Thornton, the auditors of Koss Corp, which has suffered a fraud loss of at least $31 million at the hands of the company’s Vice President of Finance, Sue Sachdeva. In fact, my comments relating to this case are not a defense of Grant Thornton, in the least. They [...]
Posted by Tracy Coenen on January 3, 2010 · Leave a Comment
Overstock.com (NASDA:OSTK) is truly the gift that keeps on giving if you are a fraud investigator. The company and its wacky and incompetent CEO Patrick Byrne have been caught in yet another lie. The antics of Overstock, Byrne, and paid stalkers Judd Bagley and Mark Mitchell have been documented over and over. I’ve really only [...]
Posted by Tracy Coenen on December 12, 2009 · 2 Comments
This week I’ve been writing about the cyberstalking activities of Judd Bagley on behalf of the Deep Capture website funded by Patrick Byrne, CEO of Overstock.com. In a nutshell, Byrne and company published a list of their enemies, which essentially includes journalists, bloggers, and hedge fund managers who think Overstock.com is a massive failure and [...]
Posted by Tracy Coenen on December 12, 2009 · 3 Comments
The story about the Oversock.com theory that anyone who is “friends” on Facebook is part of a naked short selling conspiracy keeps getting weirder. It was bad enough that former Overstock.com employee and paid stalker (paid by OSTK CEO Patrick Byrne, nonetheless) Judd Bagley has created a database of Facebook users and their friend lists. [...]
Posted by Tracy Coenen on December 11, 2009 · 12 Comments
In the world of Patrick Byrne, CEO of flailing Overstock.com (NYSE:OSTK), his paid stalkers, and his nutty followers, anything and everything is evidence of a massive conspiracy on Wall Street. Involved in this massive conspiracy are “captured” journalists who “take orders” from hedge funds and help manipulate the stockmarket. Remember the days when Byrne was [...]
Posted by Tracy Coenen on November 24, 2009 · 11 Comments
UPDATE: Overstock.com just issued a press release in which Patrick Byrne calls Grant Thornton a bunch of liars. Add them to his list of “miscreants.” No longer can Patrick Byrne, wacky CEO of Overstock.com (NASDAQ:OSTK) claim that those pointing out his lies and materially misleading financial statements are just “miscreants,” operatives of an imaginary “Sith [...]
Posted by Tracy Coenen on November 17, 2009 · 1 Comment
Sam Antar has often referred to Overstock.com and CEO Patrick Byrne as the gifts that keep on giving. And he sure is right! There is never a dull moment when it comes to wacky conspiracy theories and accounting woes that never end. Last week, Overstock (NASDAQ:OSTK) announced that it wouldn’t be filing its 10-Q for [...]
Next Page »
