Commentary on fraud, scams, scandals, and court cases.
 

Tag: gain contingency

Auditing & Regulations, Public Companies

Conservatism is no excuse for false financial statements, Overstock.com

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I’ve written extensively in the past about the train wreck that is Overstock.com (NASDAQ:OSTK) and its nutty CEO, Patrick Byrne.  Just when I think there couldn’t possibly be more to write about the horrible company and Byrne’s crazy antics, I’m proven wrong. For those that have been following Overstock.com for …

Public Companies

More Financial Statement Fraud at Overstock.com

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White collar crime fighter and reformed felon Sam Antar has done it again. He has exposed the most recent financial statement fraud being perpetrated by Overstock.com (NASDAQ:OSTK) and wacky CEO Patrick Byrne. Of course, this doesn’t come as any surprise to anyone who has been following the company. Overstock cannot …