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The Blog
  • Isagenix Scam: Questionable Medical Claims, No Science Behind Them

    Multi-level marketing company Isagenix offers a cleansing product which it claims helps people lose weight. Is this MLM scheme offering a bogus product, or is this a legitimate weight loss program? Let’s start off by clarifying that in general, multilevel […]

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  • Book Review: Social Media Strategies for Professionals and Their Firms by Michelle Golden

    Social Media Strategies for Professionals and Their Firms By Michelle Golden Wiley & Sons, New Jersey, 2010 (hardcover, 348 pages, $45) Reviewed by Tracy L. Coenen, CPA, CFF There are many books on the market about social media marketing and […]

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  • Navistar v Deloitte: Blame the Auditors for Fraud Committed and Concealed By Employees

    In cases of corporate fraud, including embezzlement, financial statement fraud, earnings management, bribery, and the like, it’s easy to blame the auditors. After all, they have very deep pockets, often with large malpractice policies. Even though the task of auditors […]

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  • Is LifeLock Identity Theft Protection Really a Rip-Off?

    LifeLock sucks. When I first heard about LifeLock a few years ago, I was very intrigued by its service. I was especially interested in how it advertised the services: With the company’s CEO telling everyone his social security number. The […]

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  • Implied Credibility Given to White Collar Criminals (and Others!)

    Yesterday Reuters Insider published a video of an interview with Sam Antar, former CFO of fraudulent Crazy Eddie, talking about the efforts of the FBI to profile white collar criminals. The starting point for the interview was this article about […]

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  • FCPA Compliance: Documentation Necessary

    When under scrutiny for potential Foreign Corrupt Practices Act violations, how does a company prove that it was doing the right thing? The memories of your employees, along with their narratives of what happened will not be persuasive. Sure, interviewing […]

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  • Big Name Tax Preparation Services are a Waste of Money

    You need your personal taxes done and they’re not that complex, so you think you’ll just run right over to H&R Block, Jackson Hewitt, Liberty Tax Service, or some other tax preparation franchise. It’s easy and they must be good […]

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  • U.S. Government Lies to Taxpayers Using Accounting Gimmicks

    Sam Antar, former CFO of massive fraud Crazy Eddi talks on Fox Business Network about how the U.S. government uses accounting tricks to conceal the reality of the federal budget. Watch the latest video at video.foxbusiness.com

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  • Milwaukee Archdiocese Bankruptcy Case: Forensic Accountant Needed

    The Unsecured Creditors Committee in the bankruptcy filing of the Archdiocese of Milwaukee has filed a petition with the court to authorize the hiring of Berkeley Research Group LLC, a forensic accounting firm with bankruptcy expertise, to examine the financial […]

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  • Who is Making Money in Fortune Hi Tech Marketing (FHTM)?

    Are people really making money from all this recruiting of FHTM Independent Representatives? The vast majority aren’t. An income disclosure statement for Fortune Hi Tech Marketing from January 2010 shows exactly how dismal the financial results are for its representatives: […]

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