It’s been five years since the passage of the Sarbanes-Oxley Act of 2002, and for many of us, it seems like it’s been around for a lifetime. While the intent behind the legislation was good, it has been extremely costly, […]
Usana’s most recent 10-Q filing with the Securities and Exchange Commission was NOT reviewed by an independent auditor. From NASDAQ’s FAQ: What are the repercussions if my company’s auditors did not review the quarterly financial statements as required under SAS […]
USA TODAY By Michelle Kessler SAN FRANCISCO — A Securities and Exchange Commission probe into Dell’s accounting is more than 2 years old — and the PC giant won’t say when it might be over. Dell (DELL) has revealed very […]
According to the Securities and Exchange Commission rules, a public company is required to have an auditor review of quarterly financial statements prior to filing a 10-Q: SECURITIES AND EXCHANGE COMMISSION 17 CFR Parts 210, 228, 229, and 240 [Release […]
Forbes is reporting on the Usana Health Sciences investigation by Barry Minkow and company, and things aren’t looking good. In an article entitled “Hard to Swallow,” Forbes writer Evelyn Rusli methodically demonstrates the dim reality facing Usana and the Myron […]
In an exiting new development, Hedge Funnies reports (satirically) that GNC will begin offering a product that will give users eternal life. But this well-informed and extremely healthy employee told us something revolutionary — he has heard from sources well-placed […]
Gregory Reyes, the former CEO of Brocade Communications Systems Inc. was found guilty of fraud in his stock options backdating trial. Reyes was found guilty on all 10 counts of securities fraud in a trial that lasted six weeks. Backdating […]
After a couple of weeks of other topics, I’m back to continue my series on how I got my book deal and what I’ve learned about getting a book published. It came time to negotiate my contract with Wiley, and […]
Judd Bagley, Director of Communications at Overstock.com is at it again. Judd’s apparent main duty as Director of Communications is to stalk people who question Overstock.com management and financial statements. He threatens and intimidates those who dare to voice their […]
Congratulations to fellow “fraud bloggers” at the Mortgage Fraud Blog!! They were named the Most Innovative Blog by Inman News. Other finalists included 3 Oceans Real Estate, Bloodhound Blog, Calculated Risk, Patrick.net, Real Estate Competition and the Law, Real Estate […]
