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This Could Easily Be a Member of Congress

Posted on August 20, 2010 by Caleb Newquist

“We are grateful to the courageous taxpayer who came forward to notify the United States attorney’s office of a corrupt public servant.”

~ U.S. Attorney Todd Jones is really just referring to that IRS agent who needed $9,700.

Posted in Quote of the DayTagged Bribes, I know how bribes work - I bribe people all the time, IRS Agents

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Next: Accounting News Roundup: GM Still Lacks Effective Internal Control System; The Ten Highest State Income Tax Rates; How to Know When Your Boss Is Lying | 08.20.10

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GAO: SEC Basically Needs to Replace Their Entire Accounting System

  • Caleb Newquist
  • November 19, 2010

“These material weaknesses are likely to continue to exist until the SEC’s accounting system is either significantly enhanced or replaced, key accounting activity in other systems is fully integrated with the accounting system at the transaction level, information security controls are significantly strengthened, and appropriate resources are dedicated to maintaining effective internal controls.”

~ From a report issued by the Government Accountability Office

  • Quote of the Day

Quote of the Day: Sam Antar Is Ready to Rumble | 03.26.10

  • Caleb Newquist
  • March 27, 2010

I challenge John Thomas Financial CEO Thomas Belesis to a match on the Jerry Springer show. To even the odds, he can bring Overstock.com CEO Patrick Byrne. Two crooks versus a convicted felon born in Brooklyn. They can bring actor turned stock pumper Shia LaBeouf for added muscle, too.

~ Sam Antar, reacting to Thomas Belesis calling him an idiot after Antar suggested that Shia might be able to shed some light on the goings-on at John Thomas Financial involving InterOil. And if you forgot, Sam and Patrick have a bit of a history.

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FASB Fair Value Proposal Brings the Hate

  • Caleb Newquist
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“In my mind you are largely responsible for the market collapse in 2007, 2008, 2009.”

~ John Sherman, in a public comment on the FASB’s proposed fair value rule, most of which are really, really, really not nice.

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Earlier this week, a recruiter told me a story about a job seeker who was already employed but looking to jump elsewhere. She interviewed with a firm that really loved…

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