• Auditor Liability in Market Meltdown?

    It should come as no shock to anyone that lots of fingers are being pointed related to Wall Street’s meltdown, and specifically related to the banking industry. And auditors are likely to find themselves the targets of lawsuits. Auditor malpractice […]

  • Massive MonaVie Distributor Losses Demonstrated With the Company’s Own Numbers

    Multi-level marketing expert Robert Fitzpatrick discusses the phenomenon of high-level MLM distributors going from company to company. He also explains some distributor numbers released by MonaVie, which show that 91% of distributors receive no commissions from the company, and that […]

  • Only at Overstock.com

    Executives at Overstock.com (NASDAQ:OSTK) announced last week that they’d be restating financial statements for 2003 through 2008. (And a few of those years were already restated once, so this makes it the third set of financial statements that will be […]

  • Joe the Plumber: It’s really about the dream

    The American Dream of Joe the Plumber Whether you consider him a plumber, a contractor, a political plant or just a guy who’s behind on his taxes, Samuel Joseph Wurzelbacher — a.k.a. “Joe the Plumber” — has a point, says […]

  • ShopToEarn: How Much, How Fast

    Shop To Earn representatives frequently promote the idea of earning $4,100 in commissions your first 30 days after signing up? How can you do it? The details are below, and it’s not as easy as it seems. It starts with […]

  • Overstock.com executives subject to clawback provision in Sarbanes-Oxley?

    This past week, our good friends at Overstock.com (NASDAQ:OSTK) – – CEO Patrick Byrne, President Johnathan Johnson, and SVP of Finance David Chidester – – made an announcement about how they have screwed up the company’s financial statements again. Overstock […]

  • Overstock.com: What’s $10 million more in losses?

    You can be sure of two things when looking at Overstock.com (NASDAQ:OSTK) financial statements: They’re wrong There are massive losses (which will be even bigger when #1 comes to light)

  • Milwauke Public Schools: Obscene Property Tax Increase

    Tonight the Milwaukee Public Schools board is going to vote in favor of increasing city property taxes 14.6% for the school portion. That is the largest portion of the property tax bill, so overall taxpayers will see a sharp increase […]

  • When the Government Can’t Investigate Fraud

    Government agencies are limited by their resources, both money and people. It came as no surprise to me that the Federal Bureau of Investigation is struggling to investigate cases of financial fraud. They simply don’t have enough investigators. I see […]

  • But There’s No Evidence of Voter Fraud!

    Check out this bit of circular reasoning: The Wauwatosa Common Council has rejected a request for officials to verify voter registrations because “There is no historical evidence to show (voter fraud) is a problem in Wauwatosa.” (Alderman Craig Maher) Except […]