Shareholder questions spending of public company

Carl Icahn, a major shareholder in Time Warner Inc. has been speaking out against the company’s expenses. He says that the overhead and the perks are outrageous. Corporate overhead includes airplanes used by senior management for business and personal travel. Icahn also points out that Time Warner’s corporate headquarters, at $1.7 billion, is the most … Read more Shareholder questions spending of public company

Publishing Changes After “A Million Little Pieces” is Outed as a Faud

The publisher of “A Million Little Pieces” by James Frey has apologized to its readers. Nan A. Talese/Doubleday published the hardcover version, while Anchor Books published the paperback edition. Both publishers are apologizing to readers for the controversy. The book, a purported nonfiction work, includes many exaggerated truths and outright lies. The publishers have now … Read more Publishing Changes After “A Million Little Pieces” is Outed as a Faud

First ‘Survivor’ winner found guilty of tax evasion

Richard Hatch, the winner of the first season of ‘Survivor’ was convicted of evading taxes on his winnings, as well as money earned as a radio show host and earnings from a rental property. He faces prison time of up to 13 years and a fine of up to $600,000. Hatch’s defense was based upon … Read more First ‘Survivor’ winner found guilty of tax evasion

Wisconsin Fraud: State official accused of corruption

Georgia Thompson, a purchasing division supervisor in the Wisconsin Department of Administration has been charged in federal court with 2 felonies. The charges include misapplication of funds and participating in a scheme to defraud the State. The charges stem from the awarding of a $750,000 contract to provide travel services to the State. Thompson was … Read more Wisconsin Fraud: State official accused of corruption

Milwaukee Fraud: Museum Considers Hiring Forensic Auditors

The audit committee of the Milwaukee County Board is considering hiring an outside forensic accounting firm to perform a forensic audit on the finances of the Milwaukee Public Museum. This project would cost between $50,000 and $100,000. The project is being proposed by Supervisor James White.

The board of MPM was told by county auditors that investigators found no evidence of fraud or misappropriation of funds. The museum board once considered a forensic audit, but instead allowed county auditors to examine the books.

Read moreMilwaukee Fraud: Museum Considers Hiring Forensic Auditors

Ameriquest Mortgage offers settlement to consumers

Ameriquest Mortgage Co. has offered $325 million to settle accusations of predatory lending in 49 states. Consumers in Wisconsin will receive over $2.7 million of the total. The company was accused of using high-pressure tactics and deception to sell mortgages to homeowners interested in refinancing. Ameriquest is the nation’s largest sub-prime lender, offering loans to … Read more Ameriquest Mortgage offers settlement to consumers

Milwaukee Fraud: Voter suppression

Four men pleaded guilty last week Friday to misdemeanor charges of property damage for their participation in the Election Day 2004 tire-slashing. The defendants were all workers for the Kerry-Edwards campaign, and the 40 tires they slashed were on 25 vans rented by the Republican party to transport inner-city voters to the polls. The guilty … Read more Milwaukee Fraud: Voter suppression

Survivor winner Richard Hatch goes to trial on tax evasion charges

The first winner of my all-time favorite television show, Survivor, is on trial for alleged tax evasion. Richard Hatch is accused of not reporting to the IRS his earnings from Survivor, as well as not paying taxes on other income. In a strange twist, Hatch’s attorney has stated that the Survivor producers made a deal … Read more Survivor winner Richard Hatch goes to trial on tax evasion charges

United States releases U.S. Money Laundering Threat Assessment (MLTA)

A government-wide analysis of the threat of money laundering in the United States has been released. Sixteen government agencies participated in assembling the data, including the Departments of Treasury, Justice, Homeland Security, the Board of Governors of the Federal Reserve System, and the United States Postal Service. Government is focusing on money laundering because of … Read more United States releases U.S. Money Laundering Threat Assessment (MLTA)