Forensic Accountants and Securities Fraud Cases
In this video, Tracy Coenen talks about the securities fraud cases that might need the assistance of a forensic accountant.
Category: Public Companies
Green Mountain Coffee Roasters Securities Fraud Litigation
Way back in 2011, a class action suit was filed against Green Mountain Coffee Roasters (GMCR)… you know, the Keurig coffee maker guys. The gist of the suit was that the company was misrepresenting its inventory and revenues. The company was facing a ton of criticism over its financial statements. …
Corporate Accountability Reporting and Roddy Boyd’s Hobby
I got a little chuckle this week when Roddy Boyd and his paid hobby, Southern Investigative Reporting Foundation, put out a plea for donations and referred to their “work” as corporate accountability reporting. You see, a couple of weeks ago, I wrote about Roddy Boyd’s lack of ethics as it …
Why Roddy Boyd’s Ethics Failure Matters
The long-running Overstock.com fraud story probably isn’t of interest to most of my readers. But when you’ve got a company that manipulates its financials to turn losses into profits and the executives profit handsomely from manipulating the stock and the company’s lunatic CEO harasses and stalks critics, you can see …
How NOT to Do Investigative Journalism
A decade ago, I was really into blogging about companies that were perpetrating frauds on consumers and investors. Nobody paid much attention to me, but I enjoyed digging into company financials and exposing the actions of dishonest executives. It fit nicely with my fraud investigation work. One of the companies …
Fraud at GE Alleged by Harry Markopolos
Harry Markopolos, the whistleblower in the Madoff case (who was telling people for NINE years that a fraud was in progress), just released a report on General Electric (GE) saying that it is a bigger fraud than Enron. It’s a massive (175 page) report that highlights problems with: hiding $400 …
Short Seller Marc Cohodes About Face on Overstock
Former hedge fund manager Marc Cohodes has been a long-time critic of Overstock.com and its wacky CEO, Patrick Byrne. The criticism dates back to the days when Cohodes was at Rocker Partners, a company that was sued by Overstock along with research firm Gradient Analytics. In 2005, Cohodes was fingered …
Overstock.com Report on TheStreetSweeper
TheStreetSweeper, a site investigates and reports on public companies, released a report last week on Overstock.com. The article, called “Under Surveillance,” said that the company’s stock is massively overvalued. The stock price shot up when Overstock jumped on the cryptocurrency bandwagon: Overstock’s crypto-fueled stock surge began in August, after the …
Changes to Sarbanes Oxley?
This week an article in the Wall Street Journal explored whether there might be some changes coming for Sarbanes Oxley. With President Trump talking about rolling back regulations, business groups that want Sarbanes Oxley softened may get their way. Sarbanes Oxley requires management to assess the internal controls over financial …
Herbalife $HLF Doesn’t Want You to See This Video
Herbalife (HLF) does not want you to see or hear the evidence that the company is nothing more than a recruiting scheme. Audio and video footage was obtained of CEO Michael Johnson talking about how Herbalife is a recruiting company: It’s the recruiting, meaning bringing new distributors into our company, …