From Robert FitzPatrick of Pyramid Scheme Alert: In a crucial development that could rock the entire multi-level marketing business, a class action lawsuit has been filed this month against Quixtar (Amway) charging that the company is running an illegal pyramid […]
Microsoft’s competitors in Europe alleged today that the new Vista operating system continues the illegal practices by Microsoft discovered in Europe 3 years ago. The group complaining includes IBM, Nokia, Sun Microsystems, Adobe, Oracle, and Red Hat. In 2004, the […]
The Chicago Board of Elections distributed computer discs to aldermanic campaigns in 2003 which contained the Social Security numbers of more than a million voters. The voter information on the discs also included names, addresses, and birthdates. Since this inceident, […]
A story in the Wall Street Journal tells how an 89-year-old survivor of Nazi concentration camps stayed alive because of his ability to counterfeit money. Adolf Burger and 140 other prisoners forged so much British currency, that 12% of all […]
On Friday, Ben Glisan, Enron’s former Treasurer was released from home confinement. He was sentenced to 5 years in prison, but was released from prison and put under home confinement in September. He has served about 2/3 of his original […]
Bryan Wagner, the investigator contracted by Hewlett-Packard to help find the source of information leaks, has been charged in federal court with crimes of aggravated [tag]identity theft[/tag] and [tag]conspiracy[/tag]. The conspiracy charge carries a maximum penalty of 5 years in […]
Announced by the AICPA (American Institute of CPAs): ASB Issues SAS No. 114, The Auditor’s Communication with Those Charged with Governance The Auditing Standards Board (ASB) issued Statement on Auditing Standards (SAS) no. 114, The Auditor’s Communication With Those Charged […]
Fraud Magazine editor Dick Carozza did an interview with Sherron Watkins, the internal [tag]whistleblower[/tag] who started raising hell at [tag]Enron[/tag] when she started discovering problems with the numbers. He asked Sherron why the Enron [tag]fraud[/tag] happened… whether management lost its […]
As I mentioned in last week’s post about the A&E television show Flip This House, Richard Davis and Trademark Properties have sued A&E. Richard claims that A&E essentially stole his idea for the show and never paid him either for […]
On Balance – The Magazine for Wisconsin CPAs January/February 2007 Ever since the big corporate scandals at Enron, WorldCom and Tyco, there has been an intense focus on fraud. This has made the field of forensic accounting the next hot […]
