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Footnotes: Madoff Who?; When SEC Guys Get Angry; ALIENS! | 05.16.14

Posted on by Adrienne Gonzalez

Former SAC Capital Manager Steinberg Sentenced to Three and a Half Years [BBW]

Over a quarter of college-educated investors have no idea who Bernie Madoff is [Confirmation.com]

Goldman Shareholders Give Pay Plan a Thumbs Up [DealBook]

Oh, this happened [Twitter]

Oh, and our pal Jon Weil is leaving Bloomberg. Have a sad with us [Twitter]

Pinterest is now valued at $5 billion. How? Who cares, check out this gluten-free, dairy-free chocolate wedding cake! [Digits via WSJ]

Why work at Deloitte when you can quit your job and be a DJ? [HuffPo]

Accountant for Nifty Fifty's indicted in tax scheme An accountant for the Nifty Fifty's restaurant chain has been indicted in a tax-evasion scheme that federal prosecutors say hid millions of dollars from the Internal Revenue Service. An indictment unsealed today charges 58-year-old William J. Frio, of Springfield Township, with conspiracy, filing false returns, loan fraud, and aggravated structuring of financial transactions. [Philly.com]

Congress Critters are considering using private debt collectors to hound tax deadbeats [WaPo]

Aliens might be trying to holla [Daily Mail]

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Is Patrick Byrne’s Facebook Friends List Motivated by a Farmville Obsession?

Thumbnail image for farmvillePat.jpgWe haven’t really touched on the Patrick Byrne’s ill-fated attempt to stalk his critics (and all their friends, acquaintances, and complete strangers) mostly because we weren’t on the list and those that were (including Gary Weiss, Sam Antar, Joe Wiesenthal, and Barry Ritholtz) are doing a fine job of pointing out how desperate, shady, and just plain fucking bad this makes Patsy, his head minion at DeepCapture Judd Bagley, and Overstock look.
We only bring it up now because we’d like to point out that it’s worth speculating on the other side of this story. Our contention is that P. Byrne, being of questionable mind and maturity, is OBSESSED with Farmville and it is his personal mission to destroy the Farmvilles of his critics and their FB friends (now who’s movin’ up in Farmville, bitches?).
This agonizing torture method will eventually wear down the haters to the point to where no one will be able to take the man, his doomed-to-fail quest to locate an auditor, and his company seriously and will thus give up their quest of destroying him.
The only other thing we can come up with is that he has an intense hatred of trite status updates and was going to expose everyone for their lack of substantive commentary but we find all his critics to be interesting bloggers, so we tossed that theory.
Grant Thornton and PwC have got to feel pret-tay good about how this all turned out. If you’ve got you own theories or thoughts on this situation, feel free to discuss them here.

Footnotes: Credit Suisse Credit Whatever; Issa Is Still a Pissa; Beware Math’s Agenda | 05.20.14

Credit Suisse CEO Thrilled To Hear Client Response To “We’ve Pleaded Guilty To Extensive Tax […]

‘Hannibal’ Scrushy is Accused of Hiding Assets


richard_scrushy.jpg
Because the entire blogosphere/media is still suffering from a serious 4th of July cocktail flu, we’ll jump back on HealthSouth briefly.
Richard Scrushy, whom former CFO Aaron Beam said he would take over Hannibal Lecter (uncanny resemblance) in a fight, has been accused of HealthSouth Corp of hiding assets in order to avoid paying down some of the $2.8-odd billion that he was ordered to pay to the company after the civil proceeding.
HealthSouth says that Scrushy has $600 million in offshore accounts plus real estate in other people’s names that should be turned over. Scrushy, who we understand is held behind glass, did not comment other than that he def recommends Chianti with liver.
HealthSouth accuses Scrushy of hiding assets [AP via Miami Herald]