• Defending Koss And Their Auditors: Just Loopy Distorted Feedback – Francine’s take on the Koss fraud. [Re: The Auditors]
• Koss Corp. Fraud: Defending Grant Thornton? No. &ndsah; Tracey Coenen says Koss’ incestuous management deserves the blame regardless of GT’s obvious BFMs. [Fraud Files Blog]
• Creditors put Dubai World debt up for sale – Some aren’t crazy about the whole Dubai World debt restructuring and are looking to dump the credit for “70 per cent of face value.” [FT]
• Now and in the Future – Are people changing their maxed out credit card ways for good? [Financial Armageddon]
• Wired on Wall Street: Trader Betrays a Friend – David Slaine is a mole for the Feds that “has provided leads on possible insider trading by others not yet implicated in a sprawling case involving hedge fund Galleon Group, people familiar with the matter say.” And he’ll definitely nail you if you don’t like to share: “In 1993, he triggered a fist-fight with a colleague on the trading floor after needling him because he wouldn’t share his french fries.” [WSJ]
• Martin Luther King, Jr. Day – We assume most of you are working but If you’re not, go volunteer. It won’t kill you. [MLKDay.gov]
Related Posts
Preliminary Analytics | 11.25.09
• Sixty-Five Percent of Nevada Homeowners Underwater – That’s a lot. [The Atlantic]
• Tax Burdens, Around the World – If you like to complain about taxes, move to Denmark. [Economix/NYT]
• From the Hospital to Bankruptcy Court – “Last summer, Harvard researchers published a headline-grabbing paper that concluded that illness or medical bills contributed to 62 percent of bankruptcies in 2007, up from about half in 2001. More than three-fourths of those with medical debt had health insurance.” [NYT]
• Microsoft CFO to leave, look for bigger job – Team Jehovah must need someone. [Reuters]
• Diners Club franchise sold – The Citigroup garage sale continues. [CT]
• Leadership: A Guest Post from Tenacious Truman [RTA]
Preliminary Analytics | 11.11.09
• Remember our Veterans today. [NYT]
• Chris Dodd Stripping Down the Fed and OMG Loller Dollar Rally – MSM has all sorts of opinions. JDA’s is still the most honest. [JDA]
• AIG’s Benmosche Threatens to Jump Ship – Let this be a lesson friends. Quitting is always an option. [WSJ]
• Boston Provident CFO charged with fraud – Ezra Levy swiped $1.3 million from the hedge fund. You can get in trouble for amounts that small? [FT]
• Landing That First Job – Are you filled with “piss and vinegar”? Bill Kennedy advises against that. [Energized Accounting]
Preliminary Analytics | 10.19.09
• U.S. Said to Target Wave of Insider-Trading Cases After Galleon – “Investigators developed at least one informant in the ring, who began meeting in November 2007 with agents from the Federal Bureau of Investigation, according to charging documents.” Feel free to speculate who’s next. The SEC is taking no prisoners apparently. [Bloomberg]
• Armageddon in Alabama Proves Parable for Local U.S. Governments – “One target of [citizens’] anger is Larry P. Langford, who was the county commission’s president in 2003 and 2004 and is now mayor of Birmingham. The 61-year-old Democrat goes on trial today, charged in a November 2008 federal indictment with taking cash, Rolex watches and designer clothes in exchange for helping to steer $7.1 million in fees to an Alabama investment banker as the county refinanced its sewer debt.” [Bloomberg]
• Family Squabbles in Hyatt IPO – Family squabbles may “disrupt our business” according to the latest SEC filings. Nothing like family spite to disrupt the expansion of the fortune. [WSJ]
• CME in informal talks to take over CBOE: report – “Informal talks” could really mean anything including that they had the chat over prime rib buffet and lap dances. [Reuters]
• For N.B.A. Owners, Background Checks Go Deep – “The [NBA’s] investigation [of Mikhail D. Prokhorov] is expected to tap into Russian police, military, diplomatic and intelligence sources, some from the former K.G.B., as well as his partners, competitors and customers.” [DealBook]