• KPMG Trial Delayed

    he trial of KPMG executives charged with creating and marketing illegal tax shelters has been delayed. 13 accused executives had all charges dropped after a judge recently ruled that it was illegal for the government to pressure KPMG to not […]

  • New York Post Story on Usana Cheating in China

    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:

  • Mannatech Fires Auditors Grant Thornton

    Mannatech Inc. fired its auditors, Grant Thornton, after refusing to comply with GT’s demand that Sam Caster be removed from all duties. Caster is the founder of Mannatech and the current chairman of the board. He resigned as CEO two […]

  • An American Hedge Fund

    I have been remiss in my duties…. I promised Timothy Sykes that I’d review his book, An American Hedge Fund on FRAUDfiles. And I still haven’t gotten around to it, thanks to an upcoming move of my office and a […]

  • Usana tries to spin NASDAQ news into something else

    When Usana lost auditors Grant Thornton, it filed an unreviewed 10-Q, prompting a delisting warning letter from NASDAQ. Following the hiring of PriceWaterhouseCoopers as the new auditors, Usana filed an amended 10-Q, which brought them back into compliance with SEC […]

  • Mandatory Arbitration With Credit Card Companies

    Last week, investigative journalist Gary Weiss wrote a Forbes.com article on credit card arbitration. It highlighted a process that I didn’t know a whole lot about. It seems that most (if not all) credit card agreements these days have some […]

  • Can you really avoid an IRS audit? (Or at least reduce your chances?)

    Yes and no. Great accountant answer, huh? The truth is that the Internal Revenue Service has some special red flags in place that help flag your tax return for an audit. Those super-secret red flags are revealed to no one. […]

  • 10 Reasons You Should Not Blog Everyday

    “Thou shall post every day” is the most fundamental and most well known principle of blogging…. This is so web 1.0. Tracy’s note: Interesting idea, but daily posts are helpful if you’ve got good content and you don’t overload the […]

  • Local Lawyer Defending Wesley Snipes

    It’s not often that a Milwaukee lawyer is hired to represent a Hollywood actor, so I have to mention this one. Wesley Snipes has fired Billy Martin, and hired Robert Bernhoft of The Bernhoft Law Firm. Bernhoft represented Snipes previously […]

  • Atlanta home builder Beazer restating results

    Beazer Homes USA has completed an internal investigation into accounting problems and will restate its financials from 1999 through 2007. The results of the investigation: Employees in the mortgage unit violated HUD rules on downpayment assistance since at least 2000. […]