Medifast multi-level marketing scheme called into question by expert
Robert FitzPatrick, a multi-level marketing expert known around the world for his analysis of the business model, has released a report on Medifast Inc. (NYSE:MED) and its Take Shape For Life division. TSFL is the multi-level marketing arm of the weight loss company, and is the force behind the company’s overall increase in revenue.
FitzPatrick writes:
Koss Fraud: Losses higher, Grant Thornton fired, Baker Tilly Virchow Krause hired
I’ve had plenty to say about the massive fraud Koss Corp has suffered at the hands of their Vice President of Finance, Sue Sachdeva.
In this news story from Milwaukee’s ABC affiliate, WISN 12, I talk about how a company with annual revenue in the $40 million range can fall victim to a fraud loss of [...]
Overstock.com and Patrick Byrne caught in another lie
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 touched [...]
More on fraud at Koss Corp.
Today’s Milwaukee Journal Sentinel provides additional insights into the alleged fraud committed by Koss Corp. VP of Finance Sue Sachdeva. Initially the fraud was estimated at $4.5 million, but that was quickly revised upward to more than $20 million. It is alleged that Sachdeva spent millions in corporate funds on clothing, jewelry, and other items.
My [...]
How the VP of Finance at Koss steals millions
This week Koss Corp (NASDAQ:KOSS) announced that Sujata “Sue” Sachdeva was fired from her position as Vice President of Finance for stealing at least $4.5 million from the company. Two members of the accounting staff Sachdeva supervised were suspended without pay.
And then the estimate of losses went up to $20 million. The theft occurred between [...]
Any way you slice it, the UFF Money Merge Account loses
Anyone who has spent some time on this site knows I’m no fan of the United First Financial Money Merge Account (UFF MMA). This “revolutionary” software is supposed to help you pay off your mortgage in record time, all for the low, low price of $3,500. Unfortunately, it’s being marketed with lies, and the UFF [...]
Complaint filed with FTC about Facebook “privacy” changes
I’ve been ranting publicly and privately for the last week about Facebook’s new “privacy” options that went into effect last week. I put privacy in quotes because the way things were set up, many Facebook users had information out in the public domain, and they didn’t even know it.
The biggest issue for me was that [...]
InterOil’s Senior Manager for Media Relations sends email threats to Fraud Discovery Institute co-founder
Press release issued by Fraud Discovery Institute.
FDI demonstrates that InterOil (NYSE:IOC) selectively excludes certain issued press releases from regulatory filing
Susuve Laumaea, Senior Manager for Media Relations at InterOil (NYSE:IOC) in Papua New Guinea has issued at least two press releases on behalf of InterOil Corporation dealing with material exploration operations in PNG, but neither of [...]
The continuing Mary Kay Cosmetics con
My most popular post on this blog is Mary Kay Cosmetics: Destroying half a million women a year, and with good reason. Each day, thousands of women are searching for information on the Mary Kay “opportunity.” Until a few years ago, the only information they could find was produced by the Mary Kay Spin Machine.
Almost [...]
Fraud Discovery Institute challenges three month, 132% increase in InterOil Corp’s stock price by demonstrating sleight of hand in recent press releases
Press release issued by Fraud Discovery Institute.
InterOil Corp’s investors duped into believing company has discovered and certified resources in Papua New Guinea
In the last three months, the stock price of InterOil (NYSE:IOC) has gone from $30.40 to $70.55 per share. What is responsible for this incredible 132% increase in price? Certainly not the company’s [...]
