I was recently interviewed for a Brazilian blog dedicated to exposing multi-level marketing companies and pyramid schemes for the scams that they are. Here are their questions and my responses: 1. How did you became involved with MLMs? What attracted […]
Question: why would companies overstate inventory Answer: There are a couple of reasons why a company might overstate inventory. They both relate to reducing expenses and therefore increasing the company’s profit. If inventory is overstated, it means that cost of […]
The Democrats swear that “universal health care” will be fabulous for all. No one really knows “who” is going to pay for it, but if enough voters think it’s going to be “someone else,” that’s good enough for them. But […]
This slide show explains it nicely. Please don’t look at it if foul language offends you.
If there’s one silver lining to this case, it’s that the defendants are apparently admitting that they cheated Social Security. But now the bigger problem is that they’re saying it’s the government’s fault. Last month 83 people were charged with […]
Ever met anyone who thought he didn’t have to pay income taxes? Maybe he tried to argue taxes are unconstitutional and there are legitimate ways to avoid paying them. Don’t believe it. Wesley Snipes believed it, and found himself in […]
I recently did an interview with Sam Steele (that’s him at the right), the face of The US3 Report. He interviewed me on Corporate Fraud & Embezzlement, and of course, gave me a chance to promote my new book Essentials […]
Sam Antar made this nice find in regard to materiality, one of many issues at Overstock.com (NASDAQ:OSTK). You see… materiality is an issue because, in addition to “unusual” material items at Overstock, we’ve seen several immaterial “unusual” items as well. […]
How often in your professional life have you been told to “get outside your comfort zone”? What you’re being told is: Do more of what you dislike and Do more of what you’re not good at. How much sense does […]
Some people wonder why we have a generation of lazy losers coming up in the United States. I don’t wonder at all. We have parents who aren’t involved in their children’s lives. Kids whose bodies have been rotted from the […]
