The Fraudies Awards

Recognizing 2008’s Clueless Corporate Scammers

Archive for the ‘Uncategorized’ Category

SEC didn’t buy it, found the fraud and lap dancers

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Misleading accounting was the norm at this Northbrook, Illinois-based investment firm…but sporting events and lap dance receipts raised eyebrows. Read more here on Bloomberg.com in “Bankruptcy Sleuths Find Cash in Trader Receipts for Lap Dancers.”  The SEC found more than they thought they would.

Written by Fraudies

May 6th, 2009 at 10:08 am

Taxpayers foot bill for air purifier, mouse pads

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Where is the transparency?  Check this out.  The devil is in the details. If you’re looking for this kind of stuff continuously, you’ll find it before the waste grows too large. These type of problems are indicative of a poor tone at the top where you end up seeing a more broadly, poorly-run implementation project.

Written by Fraudies

April 13th, 2009 at 2:46 pm