The founders of YouTube, the video sharing website purchased by Google, have had a very serious payday. Yesterday Google filed a registration statement with the SEC, disclosing that founders Steve Chen and Chad Hurley each received well over $300 million […]
Federal charges were filed against former hedge fund manager John Wittier of Hailey, Idaho, for a securities fraud scheme that created losses of $88 million. He has been charged with one count of securities fraud, one count of failing to […]
Joya Williams, the Coca-Cola secretary who was accused of steading trade secrets from Coca-Cola and plotting to sell them to Pepsi, has been found guilty of conspiracy. The jury deliberated for 11 1/2 hours before reaching a verdict. Williams was […]
Yesterday I mentioned that the research staff at the Association of Certified Fraud Examiners (ACFE) published some interesting facts about r?sum? fraud. The staff points out some ways to detect and prevent this type of fraud: Records of education rather […]
The Association of Certified Fraud Examiners (ACFE) recently published an interesting piece on r?sum? [tag]fraud[/tag]. I have always been amazed how often in my [tag]fraud examination[/tag] practice I’ve found that perpetrators of fraud also lied on their r?sum?s. I’m not […]
An investor group has filed a lawsuit in U.S. District Court in Austin, Texas against Dell Inc., accusing the company of improper accounting practices as well as taking kickbacks. The lawsuit alleges that Dell has been inflating its profits by […]
An audit by the special inspector general for Iraq reconstruction, Stuart Bowen Jr., shows significant waste, abuse, and fraud of funds. The Iraq war and reconstruction is estimated to have cost $300 billion so far. Among the questionable items:
In true consumer fight-back style, Ellen Fein has started a website to criticize Dr. Larry Rosenthal. Ellen is one of the authors of the book “The Rules”, while Rosenthal calls himself the “Dentist to the Stars.” Ellen claims that Rosenthal […]
According to an article in the Janesville Gazette, Wisconsin officials conducted a class to help illegal immigrants understand how to get a drivers license before April 1, 2007. On April 1, those applying for licenses or renewing licenses must have […]
Milwaukee Public Schools officials expect enrollment to drop from 84,900 students to 81,600 students this fall. That’s a drop fo 3,300 or 3.9%. Here’s the big question: Will their budget drop proportionately????
