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 …
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 …
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 …
American Journalism Review By Cary Spivak Two Web sites that investigate business fraud are funded by short selling—placing market bets that the stock of companies they write about will go down. It’s an approach that makes journalism ethicists very uncomfortable. At first the idea didn’t feel quite right to Christopher …
On Monday, a press release announced that the long legal battle between Overstock.com (NASDAQ:OSTK), its nutty CEO Patrick Byrne, and Gradient Analytics was over. It was somewhat disappointing, when it seemed that the heart of the lawsuit was an attempt to silence critics. Scare research firms so much that they’ll …
Roddy Boyd at the New York Post has picked up the story about Usana illegally recruiting new associates in China. Boyd explains China’s laws like this:
The Salt Lake City office of the Securities and Exchange Commission is investigating a stock sale by Myron Wentz, Chairman and Chief Executive Officer of Usana Health Sciences. On February 12, Wentz sold 85,000 SHARES OF Usana stock, curiously at a five-year high price of $60.89 per share. According to …
