• Koss Corp.: Commit the Fraud and Cover It Up

    I’ve been talking here, at DailyFinance.com, and to the media about the massive fraud at Koss Corp. and how I think it may have been committed and covered up. The time has come to get more specific about how I […]

  • Stories on Koss Corp. Fraud

    Here’s the list of news stories related to the fraud by Koss VP of Finance Sue Sachdeva which I’ve written or been quoted in: Accountants cite lessons learned in Koss scandal Koss Corp: Anatomy of an Alleged $31 Million Fraud […]

  • Accountants Cite Lessons Learned in Koss Scandal

    Eric Decker – BizTimes.com How could one corporate executive make more than $30 million in unauthorized transactions over four years without anyone else on the company’s leadership team or its third-party accounting firm being aware of the embezzlements? That is […]

  • Koss Corp. Fraud: Defending Grant Thornton? No.

    I have been criticized for “defending” Grant Thornton, the auditors of Koss Corp, which has suffered a fraud loss of at least $31 million at the hands of the company’s Vice President of Finance, Sue Sachdeva. In fact, my comments […]

  • Medifast Continues to Mislead Shareholders

    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 […]

  • More on the Endless Chain Recruitment Scheme of Medifast and Take Shape For Life

    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 […]

  • Medifast Multi-Level Marketing Scheme Called Into Question By Expert

    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 […]

  • Could New Regs Bring More Lawsuits?

    Proposed regulatory reforms in Congress could reverse the recent dip in securities class-action filings. Sarah Johnson – CFO.com | US The number of securities class-action claims made in 2009 declined 24% from the previous year, according to a recent study […]

  • Fraud Case Feeds Sarbox-Exemption Critics

    Could an alleged $31 million fraud at a company that reported $38 million in sales last year quash claims that internal-controls checks don’t matter? Sarah Johnson – CFO.com | US A finance executive’s alleged embezzlement of as much as $31 […]

  • Koss Fraud: Losses Higher, Grant Thornton Fired, Baker Tilly Virchow Krause Hired

    I’ve had plenty to say about the massive fraud Koss Corp has suffered at the hands of their Vice President of Finance, Sue Sachdeva. In this news story from Milwaukee’s ABC affiliate, WISN 12, I talk about how a company […]