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 […]
The latest news in the Koss Corporation fraud committed by ex-VP of Finance Sue Sachdeva is a lawsuit filed by the company against Sachdeva and auditors Grant Thornton. It’s unlikely that the company will collect much from Sachdeva, but the […]
Cary Spivak – Milwaukee Journal Sentinel The latest business plan at the lofty-sounding Fraud Discovery Institute seems invincible: Gather negative information about a company, place a bet that the price will decline by selling its stock short, and then publish […]
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 […]
My second book, Expert Fraud Investigation: A Step-by-Step Guide, was recently reviewed by my colleague Michael Goldman for The Value Examiner, the magazine published for the National Association of Certified Valuation Analysts. It’s read by consultants who work in the […]
Consumer outrage about “bailout madness” and the proliferation of Ponzi schemes and investment fraud is fueling a push for greater oversight and regulation. The government is talking tough, saying that there will be more prosecutions for financial fraud forthcoming.. That […]
Recent news of the alleged $50 billion Ponzi scheme perpetrated by investment advisor Bernard L. Madoff has done nothing to ease the fears of investors who have been annihilated by the stock market over the last couple of months.How does […]
I routinely get emails from students, job seekers, or the gainfully employed who want to make a career change… all asking me for advice on getting into the field of forensic accounting and fraud investigation. Here are my top three […]
The question I have been asked more over the last few weeks than any other question is: “How big of a role has fraud played in this Wall Street bailout?” I wish that was an easy question to answer. It’s […]
It’s easy to blame short sellers for troubles in the stock market. After all, they make money when a stock’s price goes down. That’s bad, right? No, not really. It’s no worse than the longs holding stock and hoping a […]
