• Tri Energy an Affinity Fraud and Ponzi Scheme

    From The BizOp News blog by Michael Webster, Tri Energy: Massive Affinity Fraud And Ponzi Scheme. A U.S. District Judge in California ruled against Tri Energy Inc., H&J Energy Company Inc., and several others last week. The defendants are permanently […]

  • Sarbanes-Oxley Five Years Later

    This week’s Wisconsin Law Journal column takes a look at the Sarbanes-Oxley Act of 2002, which was put into law five years ago. The legislation has done some good things, but many have significant criticisms of it. The law was […]

  • Reflections on Sarbanes-Oxley Act of 2002

    It’s been five years since the passage of the Sarbanes-Oxley Act of 2002, and for many of us, it seems like it’s been around for a lifetime. While the intent behind the legislation was good, it has been extremely costly, […]

  • NASDAQ delisting letter sent when SEC filings are delinquent

    Usana’s most recent 10-Q filing with the Securities and Exchange Commission was NOT reviewed by an independent auditor. From NASDAQ’s FAQ: What are the repercussions if my company’s auditors did not review the quarterly financial statements as required under SAS […]

  • Two Years Later, Dell Stays Mum on Accounting Probe

    USA TODAY By Michelle Kessler SAN FRANCISCO — A Securities and Exchange Commission probe into Dell’s accounting is more than 2 years old — and the PC giant won’t say when it might be over. Dell (DELL) has revealed very […]

  • Usana Health Sciences files 10-Q without auditor review

    According to the Securities and Exchange Commission rules, a public company is required to have an auditor review of quarterly financial statements prior to filing a 10-Q: SECURITIES AND EXCHANGE COMMISSION 17 CFR Parts 210, 228, 229, and 240 [Release […]

  • Forbes on Usana: FBI Investigation, Possible Loan Covenant Breaches…

    Forbes is reporting on the Usana Health Sciences investigation by Barry Minkow and company, and things aren’t looking good. In an article entitled “Hard to Swallow,” Forbes writer Evelyn Rusli methodically demonstrates the dim reality facing Usana and the Myron […]

  • New Hedge Funnies post offers the secret to eternal life

    In an exiting new development, Hedge Funnies reports (satirically) that GNC will begin offering a product that will give users eternal life. But this well-informed and extremely healthy employee told us something revolutionary — he has heard from sources well-placed […]

  • Former CEO of Brocade guilty of fraud

    Gregory Reyes, the former CEO of Brocade Communications Systems Inc. was found guilty of fraud in his stock options backdating trial. Reyes was found guilty on all 10 counts of securities fraud in a trial that lasted six weeks. Backdating […]

  • Book Publishing: Negotiating the contract

    After a couple of weeks of other topics, I’m back to continue my series on how I got my book deal and what I’ve learned about getting a book published. It came time to negotiate my contract with Wiley, and […]