• The enormous cost of complying with Sarbanes-Oxley Section 404

    The Securities and Exchange Commission is being asked to take another look at the cost of complying with Section 404 of the Sarbanes-Oxley Act. This section deals with internal controls in public companies, and a major criticism of SOX is […]

  • A local entrepreneur success story

    The Business Journal had a great feature on Kelly and Jeff Fitzsimmons. Kelly is a well-known Milwaukee entrepreneur, and this venture seems a bit of a change from computer security. Their idea is an “American Idol” type of website for […]

  • Fascinating look into the mind of a white collar criminal

    Sam Antar says the following about his crimes: “What I did was pure evil. I am going to probably fry in hell for many years before I get upstairs. We were nothing but cold hearted and soulless criminals. We were […]

  • $54 million lawsuit over a pair of pants is decided

    The case of the pants lost by the drycleaners and the ensuing $54 million lawsuit has been decided. District of Columbia Superior Court Judge Judith Bartnoff ruled that Custom Cleaners did not violate the Consumer Protection Act with its “Satisfaction […]

  • Two-year-old admitted to Mensa

    Wow! A two-year-old with an IQ of 152 is being admitted to Mensa in Britain. Her recent IQ test results indicate she’s at the level of a five or six-year-old. Mensa is the “High IQ Society,” or the international society […]

  • Federal Law Enforcement Training Center (FLETC)

    Did you know that I’m a graduate of the Criminal Investigator Training Program (CIT) at the Federal Law Enforcement Training Center (FLETC) in Glynco, Georgia? This site gets lots of hits from people searching for information on FLETC, so I […]

  • When is a public company required to file a Form 8-K?

    Several people have questioned whether Usana Health Sciences must file a Form 8-K with the SEC to notify them of the recent distributor class action suit. It seems to be the common belief that the lawsuit is a “material event” […]

  • Interesting question posed to Patrick Byrne of Overstock.com

    Sam Antar has uncovered some interesting information. I would love for Patrick Byrne, Overstock CEO to respond to Sam’s questions about this (and now the questions are mine too!). Patrick is involved with an organization called National Coalition Against Naked […]

  • Herb Greenberg on Crazy Eddie Antar

    Herb Greenbergs thinks the former CEO of Comverse Technology, Jacob “Kobi” Alexander can learn a thing or two from Eddie Antar. Alexandar fled the United States with his family, going to Namibia, allegedly with over $57 million transferred out of […]

  • The effect of Sarbanes-Oxley on boards of directors

    Earlier this year, a paper was released called “The Effects and Unintended Consequences of the Sarbanes-Oxley Act, and its Era, on the Supply and Demand for Directors.” Clearly there is a one significant cost of SOX noted here – an […]