Happy to have avoided U1stFinancial

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This week I got an encouraging email from someone doing research on United First Financial and their Money Merge Account. I’m glad the facts and opinions posted here are being read by people considering paying $3,500 for this product. Here’s what she had to say:

Financial Statement Fraud in the Katrina Aftermath: A Whirlwind of Opportunities

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Written by Tracy L. Coenen, CPA, CFF Fraud Magazine – January/February 2006 Hurricane Katrina altered lives forever. Thousands of displaced survivors have lost their jobs as businesses struggle to survive. However, other opportunistic firms shamelessly have taken advantage of the disaster by altering their financial statements. Here’s how auditors and fraud examiners can find this…

China MediaExpress: Massive Fraud or Victim of Short Sellers?

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UPDATE: In March 2011, CFO Jacky Lam of China Media Express and the auditors (Deloitte) resigned. Deloitte said they could no longer rely on the representations of management, and they suggested an investigation was in order. Ping Luo, the analyst from Global Hunter who gave CCME rave reviews resigned. Maurice Greenberg’s Starr Investments sued CCME…

Immediate Edge: Scam or Not?

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I could literally spend all day blogging about scams on consumers. And the consumers don’t even have to be gullible. There are plenty of scams that look completely legitimate from the outside, and it’s not until you’re involved with them that you realize they’re scams. The latest scheme or scam that is being exposed is…