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  • Patrick Byrne: Still too busy to run that dog of a company, Overstock.com

    You’d think that with the sudden resignation of Overstock.com’s (NASDAQ: OSTK) president, COO, co-founder, and board member Jason Lindsey, Patrick Byrne might be a little bit busy. After all, when high-level executives bail without warning from a sinking ship like […]

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  • Ex-Goldman associate sentenced to five years in prison for insider trading

    Eugene Plotkin, former Goldman Sachs associate involved in insider trading was sentenced yesterday to almost five years in prison. The 28-year-old Harvard graduate got the minimum possible sentence under his plea agreement. Plotkin was arrested in early 2006 for a […]

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  • Government Officials in China investigating Usana

    FDI: China Government Issues Official Interrogation Notice on Usana Health Sciences Inc. Associate for Alleged Multi Level Marketing Activities in Nanning, the Capital City of the Guangxi Province in Mainland China FDI also releases several new Web sites that demonstrate […]

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  • Overstock falls by more than 12% and there’s still another day in the week!

    I bet Patrick Byrne, CEO of Overstock.com (NASDAQ: OSTK) wishes the week was over. He screams, “NOOOOOOO…. not one more day of trading!” The stock fell over 12% to $13.24, the lowest price since 2003. But of course, the company […]

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  • Those who park their cars illegally are the victims

    Does it surprise you that the author of the piece in question is Eugene Kane of the Journal Sentinel? Of course not. He laments for those who violate winter parking regulations. He admits parking illegally, but then cries that he’s […]

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  • From White Collar Crime Fighter: Why Were Law Partners Unaware That None of Them Was Signing Disbursement Checks?

    New Orleans, LA. Lisa Mayerhafer, a former administrator for the New Orleans law firm Gertler, Gertler, Vincent and Plotkin, was charged with stealing more than $200,000 in a bank fraud scheme over several years. Background: According to federal court documents, […]

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  • 40 Days of Frivolous Tax Arguments: Wages, Tips, and Other Compensation Received For Personal Services Are Not Income.

    How funny. In America, almost everything is “income.” That’s just how things work. Heck… you can’t even win a prize without that being income. About the only thing that is not income is a gift or an inheritance, but even […]

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  • Reality TV has officially gone too far

    My friends and family know that I am a true reality television addict. I have loved reality TV from day one, when it was just “The Real World” on MTV. Then came “Survivor,” my favorite show of all time. And […]

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  • Today on WalletPop

    A new way to earn some extra money: IRS informant – The IRS pays people a portion of the money collected from tax cheats when you give them information that helps catch the fraudsters. Fast food employee highlights credit card […]

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  • 40 days of Frivolous Tax Arguments: Compliance with an administrative summons issued by the IRS is voluntary.

    IRS sends taxpayer an administrative summons. Taxpayer claims that responding and complying is voluntary. Not so. A summons is a command to appear, testify, and produce documents, and the IRS is authorized to issue one. The district courts will enforce […]

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