German investigators who are looking into fraud allegations at Siemens AG are having some success. They’ve said they discoverd .200 million (about $250 million) in suspicious transactions. This is significantly more than discovered just a week ago. Six former employees […]
Yet another tax increase is being discussed in Wisconsin, a state already known for its extremely high tax burden. Naturally, lawmakers are spinning this tax increase as a tax shift, rather than an increase. Suuuuuuuure. Here’s the idea: State Sen. […]
How does that work? Give lawmakers a bunch of sick days, and when they’re sick, they just don’t show up. They don’t ever “use up” any of the sick days. They keep accumulating into infinity. How cool is that? Apparently […]
Commuter rail between Milwaukee, Racine, and Kenosha is being discussed again. According to the Milwaukee Journal Sentinel, it will cost $237 million to start. The plan proposes 14 round trips on weekdays and 7 on weekends and holidays. The fares […]
Milwaukee, WI November 22, 2006 . Pyramid Scheme Alert announces that Tracy L. Coenen, CPA, MBA, CFE has been named to the organization.s Board of Advisors. Her consumer education website, PinkTruth.com, which exposes and analyzes the business and recruiting practices […]
Milwaukee, WI November 20 2006 . Tracy L. Coenen, CPA, MBA, CFE, a nationally-recognized fraud examiner and expert witness, has developed a website to educate and inform the public about the Mary Kay Cosmetics business opportunity. Pink Truth (www.pinktruth.com) has […]
A lawsuit has been filed against News Corp., the owner of MySpace, by Universal Music Group. Universal, the world’s largest recorded music company,claims that MySpace is infringing on copyright by trafficking in “user-stolen” content such as music, videos, and written […]
1. Education . If employees are aware of fraud and how it happens, they will be your best on-the-job sleuths. 2. Surprise Audits . When employees are aware that there will be random checks of their areas, they are more […]
The Texas Attorney General recently announced that it is investigating Mannatech, another multi-level marketing company scam That offers “nutritional supplements.” The company’s main products, Abrotose (formerly known as glyconutritional) is a sugar pill that the company’s representatives claim cure all […]
CNNMoney.com has published a recent article from Fortune Magazine about the fall of Milberg Weiss, dubbed the meanest law firm in America. It’s a long article, but here are the high points. The law firm of Milberg Weiss, along with […]