• Once Again, Audits Don’t Find Fraud (But Short Sellers Do)

    Anyone who is being honest will tell you that financial statement audits don’t find fraud. On the rare occasion they do, but by and large audits are not designed to detect fraud and the auditors don’t have enough fraud detection […]

  • Kevin Trudeau and the First Amendment

    Kevin Trudeau is a charlatan with a colorful history of interaction with the authorities. Over and over, he has been found misleading consumers via infomercials (his main method of self-promotion), but now he would have you believe that he’s just […]

  • More on Committing Bankruptcy Fraud

    We’ve been discussing here the case of Jennifer McKinney (aka MckMama) and Israel McKinney (dba Kieran’s Contracting) and their alleged fraud perpetrated on the bankruptcy court. Questions have been raised about the likelihood of the McKinneys facing criminal charges, despite […]

  • PricewaterhouseCoopers a Defendant in Two Lawsuits Over Audits

    In the last week Big Four auditing firm PricewaterhouseCoopers has been sued over its performance of audits of companies with massive frauds. First, PwC was named as a defendant in a suit filed by the Federal Deposit Insurance Corporation as […]

  • McKinney Bankruptcy Case Settled: What’s Next?

    Jennifer McKinney (aka MckMama) and Israel McKinney appear to have settled all claims in their bankruptcy filing in which trustee Gene Doeling alleged fraud, saying: The Debtors have concealed, destroyed, mutilated, falsified, or failed to keep or preserve any recorded […]