A lawsuit against Wachovia Bank by a group of defrauded consumers raises some interesting issues related to third-party fraud liability. The question for consumers, investors, and executives is: What is the threshold for liability in fraud cases? What knowledge or […]
Is it possible to buy your way to the top of the pyramid at Usana (NASDAQ:USNA)? Who would even want to? Well the answer is simple… those who are at the top of the pyramid have a much easier time […]
Phillip Bennett, the former CEO of Refco Inc. pleaded guilty today while crying… Refco was one of the world’s largest commodities brokerages, but it went down in flames a few weeks after going public in August 2005. The reason? Management […]
You’re trying to develop your business and increase your name recognition and your professional profile. Do you even know where to begin? One of the most basic steps is asking for the opportunity… asking to be able to promote your […]
The former CEO of the First National Bank of Northern Kentucky was indicted in connection with a $4.5 million fraudulent loan scheme that he allegedly facilitated. Richard Thomas, who founded the bank in 1992, was charged with conspiracy to commit […]
I present for you today one (just one) example of the accounting shenanigans at Overstock.com Inc. (NASDAQ:OSTK) to demonstrate the deception of management. This accounting concept is quite elementary, and it is called EBITDA. EBITDA = Earnings Before Interest, Taxes, […]
If Patrick Byrne is good at anything, it’s hyping Overstock.com (NASDAQ:OSTK) when the company is not deserving of the hype. To hear him tell it in real time, everything is rosy and the company is doing stellar and investors will […]
Patriots cheat? Yes they do. But justice was served. Dennis Waitely fraud? Yes, at Usana. Denis Waitley lied about having a Master’s degree. And his PhD? Purchased from a diploma mill. He was excused from the board of directors of […]
Blogging can be great fun when you’ve got something to say and someone to say it to. My friends and family know that I love blogging. I like sharing info in (almost) real time with readers. I blog mostly about […]
2006 was a bad year for Overstock.com (NASDAQ:OSTK). (As if any year isn’t bad for them?) Jason Lindsey even said that the 2006 numbers were “bad on purpose”: “All of the things we have talked about before as far as […]
