Trouble keeping the books at TheStreet.com?
It’s interesting to note that TheStreet.com (NASDAQ:TSCM) is apparently having trouble keeping its books, especially since Jim Cramer is one who loves to rant about companies with shoddy bookkeeping. It’s troubling, of course, because Cramer suggests that you should sell the stocks of companies that don’t keep up with their regulatory filings, and TheStreet.com is [...]
Continue reading...Thu 19 Nov 2009
FTC taking action against Pre-Paid Legal Services Inc.
Much to my surprise, the Federal Trade Commission appears to be taking action against Pre-Paid Legal Services (NYSE:PPD) for making misleading representations in connection with its Identity Theft Shield and Affirmative Defense Response System products.
Continue reading...Tue 17 Nov 2009
Overstock.com: The circus continues
Sam Antar has often referred to Overstock.com and CEO Patrick Byrne as the gifts that keep on giving. And he sure is right! There is never a dull moment when it comes to wacky conspiracy theories and accounting woes that never end. Last week, Overstock (NASDAQ:OSTK) announced that it wouldn’t be filing its 10-Q for the [...]
Continue reading...Fri 13 Nov 2009
Overstock.com admits they’re clueless about the accounting rules
This week Overstock.com (NASDAQ:OSTK) notified the public that they wouldn’t file their third quarter 10-Q on time. The reason: The registrant has been unable to complete its financial statements for the quarter ended September 30, 2009, as it is continuing to analyze the proper accounting treatment for $785,000 the registrant received during the first quarter of [...]
Continue reading...Mon 09 Nov 2009
Consumers looking for the “good” MLM
Robert FitzPatrick of Pyramid Scheme Alert is bombarded every week by consumers who want to ask him, “What about this MLM?” You see, the marketers of multi-level marketing companies have gotten very savvy. They know that plenty of us have figured out their con game. They now have consumers convinced that theirs is “one of the [...]
Continue reading...Thu 05 Nov 2009
More lies about “job creation” with stimulus money
I wrote last week about my opinion of the fraud that is our federal government’s stimulus programs. Our government has a vested interest in making us think these programs are successful. How else can an agenda of “wealth redistribution” and socialism be promoted? They must have “success” on their side to justify continuing on this [...]
Continue reading...Tue 03 Nov 2009
A review of Genesis Rocket, a tool used to grow your Twitter Followers
People have many different reasons for participating on Twitter and other social media sites. They range from recreational purposes, making professional connections, and selling products or services. Whatever your goal with Twitter, you’re probably wondering how you can attract more followers. Of course, publishing interesting Tweets is one way to do that, but it’s hard to [...]
Continue reading...Tue 03 Nov 2009
Calling all accounting and finance bloggers (and those who want to be bloggers!)
You feel obligated to blog. You think it would be a good way to “get your name out there” and market your professional services firm. Your boss has been bothering you about “that social media stuff.” But you feel lost. In steps Blogging Suits. I have created BloggingSuits to teach accounting and finance professionals how to [...]
Continue reading...Sun 01 Nov 2009
Our government defrauds us: Cash For Clunkers
People who support our government engaging in “stimulus” activities are fools. While it sounds good to “stimulate” the economy and there are supposedly jobs created and saved with stimulus dollars, the truth is that these government programs are at best very wasteful, and at the worst downright fraudulent. Look at the stimulus numbers in general. In [...]
Continue reading...Wed 28 Oct 2009
UFF Agents don’t understand basic math and concepts related to debt
We have discussed at length all of the reasons why the United First Financial Money Merge Account (UFF MMA) program is a waste of $3,500. In fact, we’ve even proven how even if the software was FREE, consumers are better off not using it. The evidence which supports these assertions is based in simple math. A [...]
Continue reading...- Carnival of Personal Finance #185: Cheesehead Edition
- Buying a job with Haverhill Home Staging? Questionable.
- Why I hate Intuit and Quickbooks
- A reader researches Shop To Earn
- Fraud Discovery Institute releases new report about Pre-Paid Legal Services, Inc.
- United First Financial: Don't believe the hype
- "Climate change": Just another fraud on consumers
- Who pays all the income taxes?
- Selling your soul to Usana Health Sciences for $27,000 a year
- Naked Short Selling: A complete waste of resources
- João Camacho: I just want to end my trial with Intuit WebServices and...
- Chris: I went to one of these “Business Opportunity Meetings” at...
- Tom Coyes: I am really glad I dumped Intuit, Sage, MS and all the rest a few...
- Tracy Coenen: LOL – A dream stealer and a failure. Like I’ve...
- you wouldn't know.: tracey………aus tralia is one of the...
- Tracy Coenen: On the contrary, Delena, quitting Mary Kay does NOT ruin...
- dusty: this message is for stufrogg, I love you buy term and invest the...
- dusty: Lets be honest, Primerica is a pyramid scheme. Channing, I am sorry...
- FTC taking action against Pre-Paid Legal Services Inc.
- Overstock.com: The circus continues
- Overstock.com admits they’re clueless about the accounting rules
- UFF Agents don’t understand basic math and concepts related to debt
- Conservatism is no excuse for false financial statements, Overstock.com
- United First Financial: Don’t believe the hype
- Allegations that the arbitration process is rigged against consumers
- From criminal to credible?
- Evidence of massive naked short selling. Or not.
- Buyer Beware: Fraud committed by Bagshop.com and Petticoat Lane scammers
About the Author
Tracy Coenen is a forensic accountant and fraud examiner in Chicago and Milwaukee who investigates white collar crimes, including cases of financial statement fraud, embezzlement, tax fraud, and insurance fraud. She is the author of Expert Fraud Investigation and Essentials of Corporate Fraud and more than 100 articles on fraud featured in industry publications.
Fri 20 Nov 2009
0 Comments