• More on the Endless Chain Recruitment Scheme of Medifast and Take Shape For Life

    UPDATE: On February 17, 2010, Medifast Inc. filed suit in US District Court, Southern District of California, alleging defamation, violation of California Corporations Code, and unfair business practices. On March 29, 2011, Judge Janis Sammartino dismissed all of Medifast’s claims […]

  • Medifast Multi-Level Marketing Scheme Called Into Question By Expert

    UPDATE: On February 17, 2010, Medifast Inc. filed suit in US District Court, Southern District of California, alleging defamation, violation of California Corporations Code, and unfair business practices. On March 29, 2011, Judge Janis Sammartino dismissed all of Medifast’s claims […]

  • Could New Regs Bring More Lawsuits?

    Proposed regulatory reforms in Congress could reverse the recent dip in securities class-action filings. Sarah Johnson – CFO.com | US The number of securities class-action claims made in 2009 declined 24% from the previous year, according to a recent study […]

  • Fraud Case Feeds Sarbox-Exemption Critics

    Could an alleged $31 million fraud at a company that reported $38 million in sales last year quash claims that internal-controls checks don’t matter? Sarah Johnson – CFO.com | US A finance executive’s alleged embezzlement of as much as $31 […]

  • Koss Fraud: Losses Higher, Grant Thornton Fired, Baker Tilly Virchow Krause Hired

    I’ve had plenty to say about the massive fraud Koss Corp has suffered at the hands of their Vice President of Finance, Sue Sachdeva. In this news story from Milwaukee’s ABC affiliate, WISN 12, I talk about how a company […]

  • Embezzlement Scandal Grows in Koss Case

    The case of the alleged $31 million embezzlement by Koss Corp. Vice President of Finance Sue Sachdeva continues to shock many. How does a company with annual revenue in the $40 million range lose such a large amount of money […]

  • Overstock.com and Patrick Byrne Caught in Another Lie

    Overstock.com (NASDA:OSTK) is truly the gift that keeps on giving if you are a fraud investigator. The company and its wacky and incompetent CEO Patrick Byrne have been caught in yet another lie. The antics of Overstock, Byrne, and paid […]

  • Koss Embezzlement Highest of ’09

    Rich Kirchen – Business Journal of Greater Milwaukee Sue Sachdeva clearly had gained the confidence and trust of Koss Corp.’s top management and she allegedly used that relationship to commit possibly the nation’s largest corporate embezzlement case of 2009. The […]