Update on Mark Shurtleff’s Comments From Sam Antar’s Blog

Sam Antar posted this on his blog today regarding Mark Shurtleff’s letter about Sam. He says he just received notification from blogger.com TODAY that there was a comment waiting for approval by him. I reiterate my earlier concern: Why didn’t Shurtleff contact him directly via phone or email?

Blog Update Note (11/15/07): I received the following request from Utah Attorney General Mark Shurtleff to post a comment on my blog today. In a letter addressed to “to whom it may concern,” dated November 8, 2007, written by Mark Shurtleff, Utah Attorney General, and released by Overstock.com through a press release on November 14, 2007, he claimed:

Read moreUpdate on Mark Shurtleff’s Comments From Sam Antar’s Blog

Yesterday’s press release by Overstock.com on Sam Antar and the Utah Attorney General’s office

Yesterday, Patrick Byrne and Overstock.com issued a press release regarding a recent speaking engagement done by Sam Antar. The Utah Attorney General’s office invited Sam to speak at their annual White Collar Fraud Conference on October 31.

As with all of Sam’s speaking engagements, he received no fee and he paid for his own travel costs. He does many of these speaking engagements around the country, and he pays all of his own expenses, which surely total at least tens of thousands of dollars each year.

The press release issued by Overstock and Byrne was part of the ongoing battle between him and Sam, as Sam questions the unusual accounting practices and financial statement disclosures at Overstock. (Yes, I too, question the financial statements of the company and in my opinion, something is fishy there.)

The Overstock press release related to a letter written by Utah Attorney General Mark Shurtleff, and said, in part:

Read moreYesterday’s press release by Overstock.com on Sam Antar and the Utah Attorney General’s office

Usana’s Bradford Richardson Continues to Dump Shares

As previously reported, Bradford Richardson, Usana’s Executive VP of Asia Pacific has been doing some serious dumping of his Usana (NYSE: USNA) stock. Now that his stock is gone, it looks like he’s been exercising options and dumping those shares as well. He’s up to $2.4 million… what a nice payday!

Here’s the latest tally:

Read moreUsana’s Bradford Richardson Continues to Dump Shares

Book publishing: Post-Writing Activities and Deadlines

A few months ago, I wrote a series on this blog about my experience getting my first book published. I was hoping to inspire some other professionals out there who might be thinking about writing a book of their own, and from the emails I received, it looks like it worked!

I submitted my final manuscript for Essentials of Corporate Fraud in September, and so a lot of my work is done until the book is actually out. But here’s what is happening in the meantime, the deadlines associated with it all, and my part in the production process.

Read moreBook publishing: Post-Writing Activities and Deadlines

SunTrust Bank is Getting Involved in Fraud Awareness Week

When 84% of small business owners report being concerned about online fraud issues, there is a clear need to educate . That’s why the Association of Certified Fraud Examiners (ACFE) has organized National Fraud Awareness Week from November 11-17. As a supporter of Fraud Awareness Week, SunTrust Banks has partnered with the National Small Business … Read more SunTrust Bank is Getting Involved in Fraud Awareness Week

Starbucks thinks they own the green circle

I’m generally a fan of Starbucks. They have overpriced coffee and it’s not my favorite, but it is convenient and they have built a fantastic business operation that I admire in many ways. But this is just silly. According to Consumerist, Starbucks is suing a Michigan coffee shop called Conga for trademark infringement, and it’s … Read more Starbucks thinks they own the green circle

Consumerist, Where Have You Been All My Life?

I don’t know if I was living under a rock or what, but I first discovered Consumerist a couple of months ago. I know, I know… I investigate fraud for a living and you’d think that I’d be on the lookout for sites that help consumers avoid scams. I am – sort of. You see, the focus of my company is not on consumer issues, but business fraud.

But I’ve taken an interest in these consumer scams and schemes… plenty of them perpetrated by good old American companies. You know, the ones that you’d think would value our patronage and treat us right? Consumerist does a great job of publicizing situations in which customers get the shaft from big business.

Read moreConsumerist, Where Have You Been All My Life?

Washington D.C. employees charged in fraud scheme

The Washington Post reports that two Washington D.C. government employees have stolen over $16 million in phony tax refunds in a scam that has gone on for at least three years. Harriette Walters and Diane Gustus have been charged The two employees worked in D.C.’s Office of Tax and Revenue, and were helped by about … Read more Washington D.C. employees charged in fraud scheme