• More on the auditor change at Catapult

    Last week I wrote about Catapult Communications (NASDAQ: CATT) switching from Deloitte & Touche to a much smaller local firm, in a post called Big Four = Big Fees. In that post I referenced the CFO.com article from which I […]

  • Pyramid Scheme Alert Reflects on 2007

    Multi-level marketing will go down in history as one of the great frauds of our times. It deceptively wraps its harmful scam with the real needs and desires of people today – additional income, stay home with the family, independence, […]

  • Usana executives aren’t the only ones lying about their credentials

    See! Usana Health Sciences (NASDAQ: USNA) CFO Gill Fuller was right when he said that everyone was lying about their credentials (including him!). The CEO of CellCyte (Public, OTC:CCYG) was recently busted for embellishing his resume, and the stockholders have […]

  • Test Your Scam Alert Skills

    The Colorado Division of Securities has a little quiz to help you see if you know anything about investment fraud, or if you’re a scam victim waiting to be taken advantage of. In addition to the quiz which helps you […]

  • New site ranking tool takes on Google

    Bloggers have been infuriated by Google’s changes to their PageRank system. In particular, Google is not ranking blogs and sites that participate in PayPerPost. Some site owners depend upon their page rank for advertising revenue… that is, some advertisers rely […]

  • 40 days of Frivolous Tax Arguments: Federal Reserve Notes are not income

    Here the jokers are saying that our money isn’t legit, so it’s not really money, so it can’t be taxed. Really? Well I wonder what they do when they go to the grocery store? Do they use *gasp* money???? The […]

  • Book Publishing: Essentials of Corporate Fraud is done!

    It’s official! My first book, Essentials of Corporate Fraud is done. It is on its way to the printer, to be ready for shipment by March 14, if not sooner. The hard work was in writing it, the stuff that […]

  • 40 days of Frivolous Tax Arguments: Only foreign-source income is taxable.

    The argument that there is no law that allows the government to impose a tax on income from within the United States is plain wrong. The tax rules say that all people in the United States, have to pay tax […]

  • Big Four = Big Fees

    Catapult Communications Corp. in Los Angeles quit their auditors, Deloitte & Touche. And they made public the reason. Deloitte’s fee for 2008 audit = $985,000 Local firm fee for 2008 audit = $561,000 or less (a 43%+ savings) The local […]

  • Overstock.com: Single digits right around the corner?

    Today, Overstock.com (NASDAQ: OSTK) stock hit closed at a low like it hasn’t seen in four years: $11.85. $11.30. Could it be that Patrick Byrne’s grand charade is finally unraveling, right before our very eyes? For quite some time, there […]