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The FRAUDfiles Blog 

Discussion of news stories, regulations, legal cases, fraud examination, and other practical litigations and fraud-related topics.
Post Frequency: 2.7/day Last Entry: November 05, 2020 at 07:00:54 Recent Entries: 821
By Tracy Coenen
Go to The FRAUDfiles Blog, find other Litigation blogs, or browse all law blogs.
A teacher?s perspective on the problems in Milwaukee Public Schools
Posted on August 01, 2008This was posted as a comment on one of my articles on the budget problems at Milwaukee Public Schools (MPS). Although I believe most of what this person says, I do know from looking at the database myself that there are plenty of teachers making $80k to $100k a year when you add the [...
Paralegal sues over being asked to perform sex acts on lawyer and clients
Posted on August 01, 2008If there is ever a reason to file a lawsuit over sexual harassment, this definitely fits the bill. Angela Robinson has filed suit against Richard Laminack and his firms Laminack Pirtle & Martines LLP, The O?Quinn Law firm, and O?Quinn Laminack & Pirtle...
This is what happens when you let women get an education.
Posted on August 01, 2008A couple of days ago on WalletPop I did a post on a Canadian lottery winner who waited almost a year to cash in his ticket. I surmised that his C$3.6 million winnings could have netted him C$100k even in a simple savings account or certificate of deposit...
It seems we had a mole on the AOL Blogger conference call
Posted on July 31, 2008Late today there was a conference call for AOL Bloggers affected by the recent budget situation. Senior VP of Programming, Marty Moe, did most of the talking. For the most part, it was a warm fuzzy call that was clearly aimed at calming the fears of bloggers and bringing more clarity to budget situation...
Material related to Usana Health Sciences
Posted on July 30, 2008For those looking for information on Usana Health Sciences (NASDAQ:USNA), I have compiled this list of resources. I will be adding more items over the next week. The original report on Usana by Barry Minkow and Fraud Discovery Institute (March 2007) The Wall Street Journal article on the investigation, Usana Sales Plan Draws Fire From Felon [...
The Real Obama, courtesy of John McCain
Posted on July 30, 2008Wake up America! Obama has no substance! ©2008Sequence Inc. All Rights Reserved..
If Patrick Byrne leaves Overstock.com, what excuse will the company have?
Posted on July 29, 2008With today’s announcement that Jonathan E. Johnson III has been appointed president of Overstock.com (NASDAQ:OSTK), it got me to thinking about the future of the company. I don’t think many people would argue with the suggestion that Patrick Byrne is one of the worst CEOs in the country...
The dismissal of the Usana Health Sciences case against Fraud Discovery Institute
Posted on July 29, 2008This week, it was announced that Usana Health Sciences (NASDAQ:USNA) and Fraud Discovery Institute had reached a settlement in their legal battle. Usana basically had most of its case thrown out by a federal judge, but still could have pursued allegations of illegal manipulation of the stock...
Examining LifeLock testimonials
Posted on July 29, 2008I’ve written a lot about what I think about LifeLock: That it’s not worth it and consumers shouldn’t waste their money. Even at only $10 per month, consumers are getting next to nothing. They certainly aren’t getting any meaningful protection above what is already available to them for free...
Patrick Byrne, child CEO of Overstock.com
Posted on July 29, 2008At least Patrick Byrne, nutty and incompetent CEO of Overstock.com (NASDAQ:OSTK) can admit that he’s nothing more than a child who is playing grown-up with the shareholders’ money. From today’s press release: “Jonathan has developed into a tremendous asset for our team,” said Patrick Byrne, chairman and CEO of Overstock...
AOL management is upset with me?
Posted on July 28, 2008Rumor has it that the powers-that-be at AOL are upset because last week I published an article about the budget cuts. Well, I guess we’re not supposed to call them budget cuts. Depending on who you believe, the emergency budget cuts might not be emergency and they might not be cuts at all...
Newsflash: Overstock.com paid stalker Judd Bagley admits to use of spyware
Posted on July 25, 2008Judd Bagley, paid Overstock.com (NASDAQ:OSTK) cyberstalker (and now “Deep Capture reporter”) has openly admitted to using spyware against third parties. It has long been believed that he maliciously and inappropriately placed spyware on people’s computers, but this appears to be the first time he’s actually admitting to it...
No secret about AOL budget cuts
Posted on July 24, 2008I’ve been writing for AOL on WalletPop (consumer finance site) and BloggingStocks (public company analysis and news site) since December and it’s been fun. Word came down today that there are big (hopefully temporary) budget cuts and everyone is to stop blogging immediately...
Shop To Earn attorney Gerald Nehra forfeits his chance to retract his inappropriate threats
Posted on July 23, 2008Ronald J. Riley, a consumer advocate who has historically worked on behalf of inventors, became aware of the ShopToEarn situation last week. He was very adamant that the threats made by attorney Gerald Nehra on behalf of Shop To Earn and Shop To Earth were inappropriate and amounted to nothing more than corporate bullying of [...
The Blog Net News controversy
Posted on July 23, 2008Several months ago, I stumbled on Blog Net News (BNN) and liked what I saw. The site has different ?channels? that focus on geographic areas or certain topics. Each channel aggregates the RSS feeds of various bloggers. For those who aren?t tech types, an ?RSS feed? is basically an automated tool that sends out the title [...
Workplace discrimination against women largely a myth
Posted on July 23, 2008This morning someone sent me a link to this article on the mythical discrimination against women via corporate pay, thinking I’d be outraged. Except I agree with Steve Chapman: There’s no evidence supporting that claim, but it sure sounds great to say women are paid less for the same jobs...
Overstock.com?s mounting accumulated losses
Posted on July 22, 2008Today Patrick Byrne, CEO of the ever-flailing internet retailer Overstock.com (NASDAQ:OSTK) went on Fox Business to talk about naked short selling and conspiracy theories. And to whine about CNBC and the fact that he thinks people at CNBC take orders from Hedge funds: “They won’t let me on to talk about it...
Women in the workforce: Incompetence versus discrimination
Posted on July 22, 2008Women have been discriminated against in the workplace. I’m not pretending it doesn’t happen, because it does. There are “good old boys networks” and those can have a negative impact on women at work. But women need to get with the program and figure out when there’s discrimination and when they’re just incompetent (or at the [...
Deloitte & Touche: It?s good to be partner.
Posted on July 22, 2008There are many things wrong with the Big 4 accounting firms, and I predict that within 3 years (probably less) they will all be gone. But the partners are going to stay on the gravy train as long as they can. Make no mistake: Being partner at a Big 4 isn’t easy...
How NOT to handle criticism: Shop To Earn and Shop To Earth
Posted on July 21, 2008Ben W. Glass, editor at Clarislaw.com and attorney, did a nice write-up last week of the ShopToEarn situation. He thinks attorney Gerald Nehra made a boo-boo when he wrongly threatened Everyday Finance and me because of our negative reviews of Shop To Earn and Shop To Earth...
The paid sick leave scam
Posted on July 21, 2008On the November ballots, City of Milwaukee residents may have to vote on whether private employers should be required to provide paid sick leave for all employees. Here’s what the Milwaukee Journal Sentinel says about it: A coalition led by 9to5, the National Association of Working Women, has mounted a petition drive demanding an ordinance to require [...
Carnival of Fraud - July 21, 2008
Posted on July 21, 2008Welcome to the July 21, 2008 edition of carnival of fraud. otherdeb (Deb Wunder) presents How my roommate accidentally blew this month?s rent posted at The Dangling Conversation. Leon Gettler presents No more corporate crime hardball posted at Sox First, saying, “In another sign that the administration is easing up on its fight against corporate crime, [...
Amway sucks! Quixtar sucks! Alticor sucks!
Posted on July 21, 2008I’m no fan of multi-level marketing companies (MLMs), and Amway - Quixtar - Alticor is the mother of all MLMs. Amway Corporation was founded in 1959 by Rich DeVos and Jay Van Andel. It was originally called Ja-Ri Corporation, and the name was changed to Amway in 1963...
Ever been pursued by someone recruiting for Amway or Quixtar?
Posted on July 19, 2008I’m willing to bet it went something like this! Copyright © 2008 Sequence Inc. All rights reserved. The use of this feed on other websites breaches copyright. If this content is not in your news reader, it makes the page you are viewing an infringement of the copyright...
The Real Michelle Obama: Mistress Of Gloom & Doom
Posted on July 19, 2008Michelle Obama has never been proud of her country until recently. Someone has always been keeping her down. Someone always kept raising the bar. Life is harder than ever for everyone. America is just plain mean! What happened to the fact that America provided an opportunity for Michelle and Barack to become rich? They both struggled [...
Name one accomplishment by Barack Obama
Posted on July 19, 2008Anyone with an ounce of brains is well aware that Barack Obama has not one accomplishment to his name, not one thing that qualifies him to be President of the United States. These voters help demonstrate it… Copyright © 2008 Sequence Inc. All rights reserved...
Obama?s 57 states
Posted on July 19, 2008Copyright © 2008 Sequence Inc. All rights reserved. The use of this feed on other websites breaches copyright. If this content is not in your news reader, it makes the page you are viewing an infringement of the copyright. (Digital Fingerprint: d8e155abd66dfea6417f56f6831614fa)
Milwaukee County Supervisors want to stick it to the taxpayers again
Posted on July 19, 2008Career politician Elizabeth Coggs (what happened to the Coggs-Jones?), who apparently has never had a real job, is crying about the compensation at her part-time job… Milwaukee County Supervisor. I’m not kidding… These are part-time jobs...
Overstock continues to mislead investors with phony EBITDA calculation
Posted on July 18, 2008In the past, I’ve discussed the improper EBITDA numbers reported by Overstock.com (NASDAQ:OSTK). It comes as no surprise that the con game continues with Overstock’s latest reported numbers. The SEC rules are very simple. “EBITDA” refers to a specific calculation, which is “earnings before interest, taxes, depreciation, and amortization...
Book signing in Boston
Posted on July 18, 2008I just got back from the annual Fraud Conference put on by the Association of Certified Fraud Examiners. We were in Boston, and as usual, the sessions were fabulous. In terms of the sessions I had, this was the best conference yet. So much value provided by really excellent speakers...
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Is it libel to write blog posts and/or online reviews about a local business that defames one's reputation?
Libel is the form of defamation expressed in fixed-- usually written form. Sland...
How can I make my blog more popular?
You have to write and submit articles, with backlinks to your blogsite....

Is it libel to write blog posts and/or online reviews about a local business that defames one's reputation?
Libel is the form of defamation expressed in fixed-- usually written form. Sland...
How can I make my blog more popular?
You have to write and submit articles, with backlinks to your blogsite....








