• The Overstock.com earnings conference call translated

    Conference call participants: David Chidester – Overstock.com, Inc. SVP Finance Dr. Patrick Byrne – Overstock.com, Inc. Chairman, CEO Jason Lindsey – Overstock.com, Inc. President, COO Translator: Tracy Coenen – Fraud Investigator On with the show… David Chidester: Total revenue for […]

  • Patrick Byrne, Overstock.com CEO has surprised me

    After all the corporate crimes I’ve seen in the last 13-or-so years, it takes a lot to surprise me. Really, it does. But Patrick Byrne, the nutty CEO of Overstock.com has suprised me. Now, I’d like to think that my […]

  • Huge Write-Off on the Horizon for MGIC

    Mortgage insurer MGIC Investment Corp is looking at a huge write-off of a $1.03  billion investment in Credit-Based Asset Servicing and Securitization LLC (C-BASS). The company reported yesterday that its investment in C-BASS has become materially impaired, meaning the value […]

  • Usana Insider Posts for the Last Time

    Insider Post Dramatic Exit movies are the place where i find escape from guilt and shame. in the movies there is an ending that is not soon forgotten. this post is my exit and will live up to the promise […]

  • Usana’s Naked Short Selling Conspiracy Theory

    Is there something in the water in Utah? Or have Usana Health Sciences executives been lunching with Patrick Byrne, CEO of Overstock.com? It seems that Byrne’s naked short selling conspiracy theories have worn off on Usana. Usana executives haven’t been […]

  • A verdict in the Frank Jude Jr. beating case

    The verdict is being read right now in the Frank Jude case in federal court….. Guilty – Jon Bartlett, Andrew Spengler, and Daniel Mesarik Not Guilty – Ryan Packard The charges were violating Jude’s civil rights and committing assault while […]

  • Findings Affirmed by Lab in Usana Health Sciences Case

    In the original report issued by Fraud Discovery Institute on Usana Health Sciences, Usana’s claim that its TenX Antioxidant Blast Bar had 10 times the antioxidant power of any juice was debunked. The Usana website made this claim: With 10 […]

  • The iPhone Has Been Hacked

    A group called Security Evaluators hacked the iPhone with less than two weeks of part-time work, and has notified Apple of its vulnerabilities. Here’s how easy they say it is to hack the iPhone: A hacker takes over a wireless […]

  • 5 Years of Sarbanes-Oxley

    That’s right. We are fast approaching the 5 year anniversary of the passing of the Sarbanes-Oxley Act of 2002. Who’s celebrating? Well surely the consultants and accountants who have made a fortune off SOX consulting are celebrating a bit. Over […]

  • What Frauds Are Prevalent, And Preventable

    Compliance Week By Jaclyn Jaeger While government officials congratulate themselves for a job well done since establishing the Corporate Fraud Task Force five years ago, experts tell Compliance Week that institutional fraud is still a rampant problem. According to a […]