The mortgage lender’s employees say the value of retirement accounts plummeted by millions as the company’s stock fell. Some Countrywide Financial Corp. employees sued the mortgage lender Wednesday, claiming they suffered heavy losses in their 401k retirement accounts after the […]
Many young people on the fast track to fat paydays in the financial industry are choosing to forgo M.B.A. programs. As more Americans have become abundantly wealthy, young people are recalculating old assumptions about success. The flood of money into […]
A couple of weeks ago, I did a post on a story in the Wall Street Journal about the Hutterite community and the use of cell phones and text messaging. I wrote the post not because it has anything to […]
Finally, Ladd McNamara is living in reality. For quite some time, this Usana supporter, high level distributor, and former member of the Usana Medical Advisory Board has been illegally referring to himself as a doctor and an M.D. Illegally? Well […]
An article today on SanDiegoReader.com does an excellent job of highlighting what’s been happening with the Usana case. As if I’d ever let you forget, I will remind you that Usana Health Sciences is being investigated by the Securities and […]
69 auditors have been charged by the Securities and Exchange Commission with issuing audit reports on the financial statements of public companies without first registering with the Public Company Accounting Oversight Board. The SEC has named 37 unregistered audit firms […]
Another fraud busted by Barry Minkow, this one a pyramid scheme called MX Factors. The head of MX Factors was charged with federal crimes initially uncovered by Minkow and his Fraud Discovery Institute. Current target of an informal SEC investigation, […]
On Monday, the U.S. Department of Justice announced that Aventis Pharmaceuticals (now known as sanofi-aventis U.S. Inc. and sanofi-aventis U.S. LLC.) paid the United States and several individual states over $190 million to settle allegations of false Medicare claims and […]
According to the Financial Times, the Securities and Exchange Commission has been working to create four groups that will focus on fraud. The groups include one for hedge funds and insider trading, one for stock options backdating, and one for […]
