Milwaukee, WI November 22, 2006 . Pyramid Scheme Alert announces that Tracy L. Coenen, CPA, MBA, CFE has been named to the organization.s Board of Advisors. Her consumer education website, PinkTruth.com, which exposes and analyzes the business and recruiting practices […]
Milwaukee, WI November 20 2006 . Tracy L. Coenen, CPA, MBA, CFE, a nationally-recognized fraud examiner and expert witness, has developed a website to educate and inform the public about the Mary Kay Cosmetics business opportunity. Pink Truth (www.pinktruth.com) has […]
A lawsuit has been filed against News Corp., the owner of MySpace, by Universal Music Group. Universal, the world’s largest recorded music company,claims that MySpace is infringing on copyright by trafficking in “user-stolen” content such as music, videos, and written […]
1. Education . If employees are aware of fraud and how it happens, they will be your best on-the-job sleuths. 2. Surprise Audits . When employees are aware that there will be random checks of their areas, they are more […]
The Texas Attorney General recently announced that it is investigating Mannatech, another multi-level marketing company scam That offers “nutritional supplements.” The company’s main products, Abrotose (formerly known as glyconutritional) is a sugar pill that the company’s representatives claim cure all […]
CNNMoney.com has published a recent article from Fortune Magazine about the fall of Milberg Weiss, dubbed the meanest law firm in America. It’s a long article, but here are the high points. The law firm of Milberg Weiss, along with […]
Merge Technologies went from a $9.6 million profit in the third quarter of 2005, to a $10.8 million loss in the same period this year. The dramatic swing is related to a drop in sales from $35 million to $14 […]
The six biggest accounting firms in the United States have suggested that companies should be forced to submit to forensic audits every three to five years. These types of engagements would be aimed at finding fraud. The six firms include […]
Here is a follow-up to last week’s post on my visit to New Orleans and my tour of hurricane-damaged areas. These two are pictures of the levees being rebuilt:
Sanjay Kumar, the former chief executive of Computer Associates International (now called CA Inc.) has been sentenced to 12 years in prison and fined $8 million for his guilty plea to charges of securities fraud and obstruction of justice. Prosecutors […]
