Guilty Pleas in Frank Jude Beating Case

U.S. Attorney Steven M. Biskupic has filed federal charges against two Milwaukee police officers who have agreed to plead guilty and testify against others in the Frank Jude Jr. beating case. Joseph Schabel was the first on-duty officer to respond to the 911 which reported the beating in Bayview, outside the home of an off-duty officer.

Schabel admits to kicking Jude in the head but lying about it. He is pleading guilty to depriving Jude of his civil rights by assaulting him and obstructing justice by lying to investigators. He has been suspended from the police department (and will be fired soon) and faces up to 20 years in prison.

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IRS Commissioner says CFO’s shouldn’t receive options

Mark Everson, commissioner of the [tag]Internal Revenue Service[/tag], is proposing that corporations stop offering [tag]stock options[/tag] to Chief Financial Officers. The recent [tag]option backdating[/tag] problems are fueling his comments, and he says that CFOs are already rich and shouldn’t have to cheat companies out of more money by manipulating stock options. Everson suggests that CFOs, … Read more IRS Commissioner says CFO’s shouldn’t receive options

New SEC Guidance Regarding Errors To Be Reported on 10-Ks

The Securities and Exchange Commission has issued guidance for companies that need to correct errors for prior period financial statements. At issue is materiality. While an error in one year may not be material, a build-up of similar errors over time may create a total error that would distort results materially if the error was … Read more New SEC Guidance Regarding Errors To Be Reported on 10-Ks

Scam Busting: Why pick on MLMs?

In researching multi-level marketing (MLM) opportunities, I found some common threads that bothered me. MLMs are generally legal, while pyramid schemes are generally illegal. Yet if the MLM business opportunities are legal, why would I be interested in researching them and calling them scams? Even though these “businesses” may not directly violate any laws, they … Read more Scam Busting: Why pick on MLMs?