Yesterday, Sue Sachdeva was sentenced to 11 years in prison for her $34 million theft from her employer, Koss Corp. I predicted a little slap on the wrist of 5 to 7 years, so she got two little slaps instead. […]
Yesterday the government’s sentencing memorandum in the criminal case against Sujata Sachdeva (the woman who stole more than $34 million from her employer, Koss Corp.) was released. It had a number of items of interest. Prior to sentencing, the prosecution […]
Nearly a year after she was arrested, Sue Sachdeva will be sentenced for stealing $34 million from the Koss Corporation.Sachdeva, a former executive at Koss, will be sentenced in federal court Thursday.
The United States Sentencing Guidelines (USSG) continue to make life tough for those in charge of corporate compliance and ethics. Corporate attorneys, both in-house and outside counsel, must ensure that companies are following protocols set for by the USSG. Rightfully, […]
The Association of Corporate Counsel publishes ACC Docket, a monthly magazine for members. The October 2010 issue features an article on the benefits of independent internal corporate investigations. The most valuable portion of the article discuss how we have arrived […]
When whistleblowers report potential ethics violations within companies, the first step the company must take is an internal investigation. The best internal investigations are independent and led by outside counsel, for a variety of reasons. But what about the part […]
American Journalism Review By Cary Spivak Two Web sites that investigate business fraud are funded by short selling—placing market bets that the stock of companies they write about will go down. It’s an approach that makes journalism ethicists very uncomfortable. […]
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 […]
