Société Générale in France has reported a fraud of over US$10 billion, perpetrated by a trader in European stock futures. The trader accused of the fraud is Jérome Kerviel, who has been with the bank since 2000. He first worked […]
Last week I posted on WalletPop about a proposed “congestion fee” that airlines would have to pay at airports. Right now they pay a landing fee based upon the weight of the plane. With the congestion fee, they would instead […]
To hear Overstock.com (NASDAQ: OSTK) CEO Patrick Byrne tell it, everyone is gunning for them. The company is fantastic. Patrick is fantastic. Everything is above board and everyone is forthcoming with everything. However, another issue has come up. It’s now […]
Bloggers have been infuriated by Google’s changes to their PageRank system. In particular, Google is not ranking blogs and sites that participate in PayPerPost. Some site owners depend upon their page rank for advertising revenue… that is, some advertisers rely […]
Today, Overstock.com (NASDAQ: OSTK) stock hit closed at a low like it hasn’t seen in four years: $11.85. $11.30. Could it be that Patrick Byrne’s grand charade is finally unraveling, right before our very eyes? For quite some time, there […]
In the January 2nd press release announcing Jason Lindsey’s departure from Overstock.com (NASDAQ: OSTK), Patrick Byrne said the following: “Jason co-founded the company and helped build it before retiring the first time. When I screwed it up a couple years […]
In light of a recent rise in fraud at ATMs, Citibank is lowering the daily cash withdrawal limit for some customers. The company says this only affects a small number of customers in New York City, but it’s still causing […]
You’d think that with the sudden resignation of Overstock.com’s (NASDAQ: OSTK) president, COO, co-founder, and board member Jason Lindsey, Patrick Byrne might be a little bit busy. After all, when high-level executives bail without warning from a sinking ship like […]
Eugene Plotkin, former Goldman Sachs associate involved in insider trading was sentenced yesterday to almost five years in prison. The 28-year-old Harvard graduate got the minimum possible sentence under his plea agreement. Plotkin was arrested in early 2006 for a […]
I bet Patrick Byrne, CEO of Overstock.com (NASDAQ: OSTK) wishes the week was over. He screams, “NOOOOOOO…. not one more day of trading!” The stock fell over 12% to $13.24, the lowest price since 2003. But of course, the company […]
