Zac Bissonnette at AOL’s BloggingStocks nailed it on Usana’s conference call yesterday! He easily pointed out that none of the analysts asked any tough questions and everyone accepted Usana’s “move along, nothing to see here” explanation about all the fraud […]
The Securities and Exchange Commission voted in favor of four staff recommendations to work with the Public Company Accounting Oversight Board (PCAOB) to help change Sarbanes-Oxley. Currently, Sarbanes-Oxley requires companies to monitor and test internal controls over financial reporting. (Notice […]
There. I said it. They had their chance to recall our criminal alderman, and what do they do? Vote the fool back into office. Are you kidding me? Michael McGee (Jackson), the man who promotes lawlessness, illegally has two social […]
On Tuesday, the U.S. Justice Department filed civil injunctions against five Jackson Hewitt franchises, including the corporations that operate the franchises and 24 people who work at those franchises. The corporations in question operate over 125 Hackson Hewitt locations in […]
John Burch, a former stockbroker with Wachovia Securities, has pleaded guilty to federal charges of laundering over $300,000 received through bribery and racketeering. Burch opened multiple brokerage accounts during 2001, 2002, and 2003 to launder criminal proceeds from Milt Morris. […]
I read a great post on the Bankruptcy Law Network. Of course, their example is exactly like a situation someone recently brought to my attention. Jonathan Ginsberg writes the following: Here’s how one version of a classic mortgage fraud scheme […]
A story in the Wall Street Journal on Saturday reported on the Denis Waitley credential problem, as well as another Usana executive with credential problems. After trading closed on Friday, Usana announced that director Waitley was stepping down after an […]
Gary Stephen Kaplan, the founder of BetOnSports PLC, was arrested on Wednesday in the Dominican Republic. He was sent from there to Puerto Rico to appear before a magistrate, and will soon be sent to St. Louis. Kaplan has been […]
After Barry Minkow and Fraud Discovery Institute revealed earlier this week that Denis Waitley (board of directors for Usana) didn’t have the credentials he claimed, Usana is covering for him. They announced late today that he will be retiring, with […]
Marquette students learn to detect fraud by thinking like crooks The Business Journal of Milwaukee By Jennifer Batog In a nondescript room on the third floor of Marquette University’s Straz Hall, a dozen students are learning how to steal. They’re […]
