• 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 […]

  • Embezzlement Scandal Grows in Koss Case

    The case of the alleged $31 million embezzlement by Koss Corp. Vice President of Finance Sue Sachdeva continues to shock many. How does a company with annual revenue in the $40 million range lose such a large amount of money […]

  • Overstock.com and Patrick Byrne Caught in Another Lie

    Overstock.com (NASDA:OSTK) is truly the gift that keeps on giving if you are a fraud investigator. The company and its wacky and incompetent CEO Patrick Byrne have been caught in yet another lie. The antics of Overstock, Byrne, and paid […]

  • Koss Embezzlement Highest of ’09

    Rich Kirchen – Business Journal of Greater Milwaukee Sue Sachdeva clearly had gained the confidence and trust of Koss Corp.’s top management and she allegedly used that relationship to commit possibly the nation’s largest corporate embezzlement case of 2009. The […]

  • More on Fraud at Koss Corp.

    Today’s Milwaukee Journal Sentinel provides additional insights into the alleged fraud committed by Koss Corp. VP of Finance Sue Sachdeva. Initially the fraud was estimated at $4.5 million, but that was quickly revised upward to more than $20 million.  It […]

  • Koss Financial Records Will Get More Scrutiny in 2010

    Doris Hajewski – Milwaukee Journal Sentinel Koss Corp.’s current loss of millions of dollars due to alleged fraudulent accounting is not the first time the Milwaukee company has suffered because of the actions of a manager. The 51-year-old family-controlled business […]

  • Financial Motive For Arson?

    One type of case I really enjoy working is suspected arson. On either a personal or business level, an insurance company may be looking for a motive when arson is supsected. A difficult financial situation is one obvious motive for […]

  • How the VP of Finance at Koss Steals Millions

    This week Koss Corp (NASDAQ:KOSS) announced that Sujata “Sue” Sachdeva was fired from her position as Vice President of Finance for stealing at least $4.5 million from the company. Two members of the accounting staff Sachdeva supervised were suspended without […]

  • Any Way You Slice It, the UFF Money Merge Account Loses

    Anyone who has spent some time on this site knows I’m no fan of the United First Financial Money Merge Account (UFF MMA).  This “revolutionary” software is supposed to help you pay off your mortgage in record time, all for […]

  • Why Does the U.S. Postal Service Exist?

    Back in the day, a government-run delivery service was a good idea. It put some quality controls in place and made the service more reliable. People could actually count on their letters getting to their final destination. But in this […]