Anyone who is being honest will tell you that financial statement audits don’t find fraud. On the rare occasion they do, but by and large audits are not designed to detect fraud and the auditors don’t have enough fraud detection […]
Kevin Trudeau is a charlatan with a colorful history of interaction with the authorities. Over and over, he has been found misleading consumers via infomercials (his main method of self-promotion), but now he would have you believe that he’s just […]
We’ve been discussing here the case of Jennifer McKinney (aka MckMama) and Israel McKinney (dba Kieran’s Contracting) and their alleged fraud perpetrated on the bankruptcy court. Questions have been raised about the likelihood of the McKinneys facing criminal charges, despite […]
In the last week Big Four auditing firm PricewaterhouseCoopers has been sued over its performance of audits of companies with massive frauds. First, PwC was named as a defendant in a suit filed by the Federal Deposit Insurance Corporation as […]
Jennifer McKinney (aka MckMama) and Israel McKinney appear to have settled all claims in their bankruptcy filing in which trustee Gene Doeling alleged fraud, saying: The Debtors have concealed, destroyed, mutilated, falsified, or failed to keep or preserve any recorded […]
One year after MF Global “misplaced” $1.6 billion in customer funds, those funds still haven’t been recovered for investors. The money has allegedly been found, but that still doesn’t help customers who would like to get their misappropriated funds back. […]
Marc Randazza is exposing a scam being run on a site called “Is Anybody Down”. Ken White at Popehat has gotten in on the fun too. The concept behind Anybody Down site is that angry exes submit nude pictures to […]
UPDATE: On February 17, 2010, Medifast Inc. filed suit in US District Court, Southern District of California, alleging defamation, violation of California Corporations Code, and unfair business practices. On March 29, 2011, Judge Janis Sammartino dismissed all of Medifast’s claims […]
A couple of months ago, a ruling on an anti-SLAPP motion in a defamation case against Gawker Media (owner of website Gizmodo) got my attention. Scott Redmond, with his service called Peep Telephony (or Peep Wireless), was upset because Gizmodo […]
If you’re not interested in the saga of the bankruptcy fraud allegedly committed by Jennifer McKinney (blogger “MckMama”) and her husband Israel, skip this article. In the latest turn of events, MckMama has claimed to have two serious car accidents […]
