UFF Agents Don’t Understand Basic Math and Concepts Related to Debt

This site is not affiliated with or endorsed by United First Financial.
This site is not affiliated with or endorsed by United First Financial.

We have discussed at length all of the reasons why the United First Financial Money Merge Account (UFF MMA) program is a waste of $3,500. In fact, we’ve even proven how even if the software was FREE, consumers are better off not using it.

The evidence which  supports these assertions is based in simple math. A few simple calculations show that MMA loses every time against a basic do-it yourself method. It is common knowledge that the fastest way for a consumer to pay down a group of debts is to pay the minimum monthly payments on each bill, and after paying all required monthly expenses, send any extra cash toward the debt with the highest interest rate.

Read moreUFF Agents Don’t Understand Basic Math and Concepts Related to Debt

Conservatism is no excuse for false financial statements, Overstock.com

I’ve written extensively in the past about the train wreck that is Overstock.com (NASDAQ:OSTK) and its nutty CEO, Patrick Byrne.  Just when I think there couldn’t possibly be more to write about the horrible company and Byrne’s crazy antics, I’m proven wrong.

For those that have been following Overstock.com for the past few years, it came as a great surprise that the Securities and Exchange Commission decided to investigate the company and its financial reporting. It came as a surprise because for three years, Sam Antar (former CFO of Crazy Eddie and convicted felon) has been exposing their financial reporting misdeeds on his blog. Yet the SEC didn’t seem willing to take any action.

Read moreConservatism is no excuse for false financial statements, Overstock.com

Milwaukee County: We’re Broke, But Let’s Spend More!

healthinsuranceFor years, Milwaukee County has been a bloated government entity. Spending has been out of control as the politicians continued to expand what the government controlled, and they didn’t seem to care since it was “only” taxpayer money.

When Scott Walker became the County Executive, he made a promise to not add more to the taxpayer burden. He’s kept that promise, and “essential services” have not suffered. Even non-essential services haven’t suffered.

Read moreMilwaukee County: We’re Broke, But Let’s Spend More!

Allegations that the arbitration process is rigged against consumers

If you’re in the U.S. and you have a credit card, you may be very familiar with arbitration clauses. Most of the credit card companies, and plenty of other companies you do business with, have these clauses in their contracts. What they generally say is that you the consumer give up your right to ever … Read more Allegations that the arbitration process is rigged against consumers

Does This Describe Your MLM?

Kevin Thompson hires himself out to multi-level marketing companies to give them legal counsel. Supposedly he knows his way around the legality of MLMs, just like my buddy Gerry Nehra supposedly does.

So I was perusing Kevin’s website and came across this interesting diatribe about what separates “legitimate” MLMs from illegal pyramid schemes. I’ve written a lot about Mary Kay Cosmetics, Usana, Herbalife, Prepaid Legal, and the like. And guess what? All of them seem to violate the most basic rule Kevin sets forth… to be legitimate you have to sell mostly to people not affiliate with the scheme, but these companies have distributors who purchase the bulk of the products!

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From criminal to credible?

Crain's New York Business 10-04-09Yes, it can happen. And that’s exactly what happened to Sam Antar, former CFO of Crazy Eddie… a massive fraud for which he’s now a convicted felon. He’s had his eye on Overstock.com (NASDAQ:OSTK) for a couple of years, and despite stalking and harassment paid for by Overstock’s wacky CEO Patrick Byrne, Sam keeps on investigating.

This week Crain’s New York Business had Sam’s mug on the cover, along with a story about his forensic accounting skills.

Read moreFrom criminal to credible?

Buyer Beware: Fraud Committed By Bagshop.com and Petticoat Lane Scammers

As a fraud investigator, I take honesty and fair dealings very seriously. When I make a mistake, I own up to it. When someone I’m doing business with makes a mistake, I expect them to also take responsibility and make things right. I have been defrauded by Bagshop.com and its related brick and mortar company Petticoat Lane, and I hope to help others avoid losing money because of their lies too.

Read moreBuyer Beware: Fraud Committed By Bagshop.com and Petticoat Lane Scammers