• Six signs of internal fraud

    This is taken from the White-Collar Crime Fighter newsletter. You can subscribe to the full newsletter here, as well as access other fraud-fighting resources.

  • Home Depot fires employee for apprehending thief

    Yes, you read that correctly. Home Depot fired (former) employee Dustin Chester, who worked at a store in Murfreesboro, TN, after he apprehended a thief. Last week, Dustin saw a man with a crowbar by a soda machine in front […]

  • IRS and work product

    Yesterday, a judge ruled that the IRS was not entitled to see workpapers that were deemed work product. This is a very important ruling in tax matters. “Work product” is used in legal cases to protect papers that you don’t […]

  • Threats

    Those who have been involved in high-profile fraud investigations and general scam-busting are used to getting threats. The wackos typically like to threaten jobs, reputations, and families, and the levels to which they will stoop seem to have no lower […]

  • Tax deductions by Usana distributors

    This is from TerminatedRamp on the Yahoo message board for Usana. He raises an excellent issue. The IRS already has a generally dim view on multi-level marketing because the odds of turning a profit are less than 1:100 (1%). In […]

  • News on Amway class action suit from Pyramid Scheme Alert

    Robert FitzPatrick at Pyramid Scheme Alert reported in his recent newsletter on the class action suit that has been brought against Amway (Quixtar) by high-ranking distributors: The lawsuit states: * Quixtar’s (Amway and Quixtar are both part of the same […]

  • Fraud Awareness Training is Key!

    Studies have shown that fraud awareness training is one of the keys to preventing and detecting fraud at corporations. If employees know what fraud looks like, they can help avoid it and they can report suspicious behavior. And corporate executives […]

  • Usana insider says Tim Ramey is a distributor

    Can an analyst covering Usana Health Sciences really provide an independent analysis of the company if he is a distributor? Tim Ramey covers Usana for DA Davidson. Isn’t it kind of weird to cover the company and to be a […]

  • Integrity at Usana? Yeah, right.

    Okay, this commentary is just silly. Integrity at Usana Health Sciences is non-existent. At the very least, the executives and board members lie about their credentials. Then we have the information that is never provided to distributors/recruits and investing community. […]

  • A Look at the Subprime Mortgage Problem

    The recent focus on the near-collapse of the subprime mortgage market has raised some interesting issues regarding fraud. Some borrowers are unable to meet their obligations due to legitimate reasons, while other are defaulting because of fraud committed in the […]