White Collar Fraud
A Former Fraudster Speaks Out About White Collar Crime
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Crazy Eddie Early Years (Part 1)
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The Fall of Crazy Eddie (Part 4)
Crazy Eddie Criminal Trial (Part 5)
Crazy Eddie Criminal and Civil Cases (Part 6)
SEC Civil Trial Finding of Facts (Part 7)
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Untold Stories (Part 9)
Sarbanes-Oxley and Crazy Eddie (Part 10)
Crazy Eddie Audit Errors & Red Flags (Part 11)
Other Crazy Eddie Information Resources (Part 12)
Crazy Eddie Document Downloads (Part 13)
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White Collar Fraud Blog

Who knows fraud better than a fraudster? Sam E. Antar, former Crazy Eddie Inc. CFO and convicted felon, shares his views and advice on white collar crime, securities fraud, internal controls, Sarbanes-Oxley and more on his blog. The introduction states, “The well-educated, skilled, and experienced accountant is the first line of defense for the capitalist system.” And, toward that end, Antar points out inconsistencies in companies, organizations and governments, offers how-tos on detecting fraud, and muses on wrongdoings. You can browse by the most popular posts, learn more about the Crazy Eddie fraud scheme, check out fraud facts, and find related blogs in his list of links. December 2008: Journal of Accountancy - Smart Stops on the Web


 

In my blog, I expose white collar crooks and their scams just for the fun of it. In addition, I share my views about white collar crime, securities fraud, the accounting profession, internal controls, Sarbanes-Oxley, government corruption, and other related topics.


Click on links to blog posts in below:

02/07/10: Crazy Eddie Documentary

02/04/10: My Reporting of a Financial Statement Manipulation Scheme at Overstock.com is Vindicated by Latest Company Announcement

02/02/10: Open Letter to the Securities and Exchange Commission (Part 7): Why Overstock.com and David Chidester Parted Ways

01/28/10: Former Overstock.com Insider David Chidester in the Hot Seat

01/27/10: Unusual Timing of Medifast Auditor Resignation

01/27/10: Open Letter to KPMG: The Ties That Bind Overstock.com, Patrick Byrne, and Deep Capture LLC

01/25/10: Open Letter to KPMG: A Warning About Overstock.com, Your New Audit Client 

01/20/10: Roddy Boyd Article Will Cause SEC to Expand Investigation of Overstock.com and Probably Result in Sales Tax Investigation by New York

01/12/10: Open Memo to Medifast Chief Executive and CFO Michael S. McDevitt: Cut the BS and Address Troubling Issues Raised by Barry Minkow

01/03/10: Open Letter to the Securities and Exchange Commission (Part 6): Conflicting Disclosures by Overstock.com Reveal Improper Audit Opinion Shopping

12/29/09: Is Overstock.com Shopping for an Audit Opinion?

12/14/09: Open Letter to the Securities and Exchange Commission (Part 5): Issuer Retaliation Complaint Against Overstock.com

12/10/09: Overstock.com and Patrick Byrne Have an Enemies List That Includes Friends and Family Members of Critics

11/26/09: Open Letter to the Securities and Exchange Commission Part 4: Patrick Byrne Ignores Real Issues As He Vilifies Grant Thornton

11/24/09: Advice For Patrick Byrne: The Cover-up is Always More Dangerous Than the Crime For Lying CEOs Like You

11/23/09: Open Letter to the Securities and Exchange Commission Part 3: Overstock.com Lied About Grant Thornton and Concealed Error

11/22/09: Open Letter to the Securities and Exchange Commission Part 2: New Information on Overstock.com's GAAP and SEC Disclosure Violations

11/18/09: Overstock.com CEO Patrick Byrne Ducks Crucial Questions During Call

11/17/09: Overstock.com Fires After They Agree With Me on GAAP Violations

11/13/09: SEC Busts SafeNet for Regulation G Violations. Will Overstock.com be Next?

11/10/09: SEC Expands Bidz.com Investigation

11/10/09: Overstock.com Delays Filing of Q3 2009 10-Q Report Due to Material Disagreements Over Proper Accounting

11/07/09: Why Abolishing or Weakening Sarbanes-Oxley is Insane! Lessons from the Crazy Eddie Fraud

11/04/09: What is Patrick M. Byrne Afraid Of?

11/03/09: Overstock.com (NASDAQ: OSTK) Q3 2009 Earnings Call: Questions for Patrick Byrne

10/26/09: Patrick Byrne To Tough It Out With SEC Over GAAP Violations

10/09/09: Overstock.com CEO Patrick Byrne Is In a Very Sour Pickle

10/07/09: Crain's New York Business: Crazy Like a Fox - Aaron Elstein Interviews Me

09/22/09: Continued GAAP Violations Caused the Securities and Exchange Commission to Re-open Its Investigation of Overstock.com

08/11/09: Minkow: inVentiv President Terrell Herring Obtained Degree From Diploma Mill and Company Violated Regulation G Governing Non-GAAP Measures

08/05/09: Open Letter to the Securities and Exchange Commission: Stop Overstock.com GAAP Violations Now!

07/29/09: How To Issue Phony Financial Reports and Mislead Investors - Overstock.com and Patrick M. Byrne Style

07/13/09: InterOil, John Thomas Financial and Clarion Finanz: Anatomy of a Stock Market Manipulation Scheme

07/13/09: Overstock.com Issues Unregistered Shares to 401-K Plan

07/11/09: To Bidz.com: Thank for the subpoena and the check, too!

07/09/09: InterOil: How a Deceitful Company Made a Very Dumb Deal, Too

07/06/09: Diamonds Are Not Forever For Two Key Bidz.com Insiders

07/01/09: Banned Stock Promoter Carl Caserta Still Working for InterOil and Promoting Its Stock Despite Previous Denials

06/25/09: Bidz.com Auditors Cited by PCAOB in Five of Thirteen Audits Sampled

06/18/09: InterOil Files False Dislosures With SEC (Redacted Version)

06/13/09: Memo to President Barack Obama from a Convicted Felon: Be Prepared For an Unprecedented Onslaught of White Collar Crime

06/10/09: Compelling Reasons for Medifast to Replace Auditors

06/04/09: Children's Place Violates SEC Regulation G Governing Non-GAAP Financial Measures

05/27/09: Crazy Eddie Movie: Danny Devito's Slobbering Love Affair with Convicted Stock Swindler Eddie Antar

05/15/09: Is Interoil Selling Investors Hope?

05/14/09: Bidz.com under siege from Investigations and Lawsuits

05/04/09: Overstock.com's First Quarter Financial Performance Aided by GAAP Violations

04/22/09: Today's Overstock.com Q1 2009 Earnings Conference Call: Questions Submitted to Patrick Byrne

04/16/09: Don't criticize Overstock.com and Patrick Byrne, especially if you are going through a divorce

04/04/09: Overstock.com Proxy Reveals Exit Payment to Departing Director James V. Joyce's Company is Equivalent to Three and One-Half Year's Fees

04/02/09: Overstock.com Director James V. Joyce Bolts, Receives Huge Questionable Exit Payment

03/31/09: Barry Minkow's Report on Speedway Motorsports Details Troubling Disclosures and Raises Serious Concerns

03/30/09: To Grant Thornton, New Auditors for Overstock.com

03/12/09: Understanding the Mind of Bernie Madoff

02/24/09: SEC Investigating Bidz.com after Questions Raised in This Blog about Inventory Disclosures

02/11/09: Two Universities Say Intrepid Potash President Patrick Avery Didn't Get Degrees Claimed in SEC Filings

02/09/09: Overstock.com Refuses to Correct Accounting Errors in Latest Financial Report 

02/04/09: Overstock.com and CEO Patrick Byrne Violate Accounting Rules in Q4 2008 Financial Report

01/19/09: Warning to President-Elect Barack Obama from a Convicted Felon: Beware of the Bait and Switch

01/09/09: Barry Minkow Calls Lennar Corpoaration a "Financial Crime in Progress"

12/29/08: A New Year's Message from a Convicted Felon: While you hope, criminals prey

12/13/08: Is there really more white collar crime today? No.

12/10/08: Barry Minkow Releases New Document to Show Microsemi Exec Peterson Lied

12/08/08: Does Democratic Leadership Inaction on Rangel Render Promises of "Change" a "Bait and Switch" Tactic?

12/04/08: Manian Resigns From STEC, A Day After Broadcom Fires Him For Phony Credentials

12/03/08: Broadcom Executive Fired Today For Phony Credentials, While Microsemi Executive Remains Under Scrutiny

12/03/08: Barry Minkow Reports More Corporate Scoundrels Misrepresenting Credentials

11/30/08: New York Democratic Party Leadership Takes Money from Same-Sex Marriage Supporters and Won't Deliver on Promises

11/23/08: Overstock.com: Rule 10b-5 Exposure from Disclosure Violations

11/17/08: Is Trimble Navigation's Stock Repurchase Program a Pump and Dump for Insiders?

11/16/08: Barry Minkow Exposes Corporate Scoundrels Misrepresenting Their Resumes

11/16/08: Advice to President-Elect Barack Obama about Combating White Collar Crime From a Convicted Felon

11/10/08: Overstock.com's New Disclosures Today Show Company Financial Reports Were a "Joke"

11/06/08: Lawsuit Alleges Shill Bidding on Bidz.com Web Site

11/02/08: What Overstock.com Did Not Tell Investors About Latest Accounting Error

10/26/08: New Accounting Errors Make Overstock.com's Financial Reports Not Reliable While SEC Regulation G Violations Continue

10/24/08: Message to Overstock.com Management about Q3 2008 Earnings Call

10/23/08: My Questions for Overstock.com CEO Patrick Byrne Regarding Upcoming Earnings Call for Q3 2008

10/19/08: Why White Collar Criminals Do Not Fear Today's FBI

10/10/08: A Crisis of Confidence: Some Small Steps We Can Take Now

09/08/08: Are Bidz.com's Stock Buy Backs a Wise Move?

09/03/08: What Utah Attorney General Mark Shurtleff Does Not Want Anyone to Know

09/02/08: Bidz.com: Questionable and Inconsistent Inventory Disclosures

08/18/08: Overstock.com (NASDAQ: OSTK) CEO Patrick Byrne Pays Utah Attorney General Mark Shurtleff to Defame a Blogger

08/06/08: Utah Attorney General Mark Shurtleff once caught removing opponent's campaign signs

07/31/08: Why Jonathan Johnson is the Right Choice for President of Overstock.com

07/28/08: What is Mark Mitchell Hiding about Himself, Deep Capture, and Overstock.com?

07/24/08: Are Overstock.com's Stock Buybacks "Destroying Shareholder Value"?

07/19/08: The SEC stands by while Overstock.com continues to violate Regulation G and overstates EBITDA in latest report

07/15/08: Limiting Auditor Liability is Plain Dumb

07/15/08: Shop To Earn Tries to Bully Bloggers with Litigation

06/23/08: What Overstock.com did not tell the Securities and Exchange Commission

06/08/08: Not yet "Yipikaye" for Overstock.com CEO Patrick Byrne

06/02/08: Overstock.com CEO Patrick Byrne Calls Himself a Crook

05/28/08: Overstock.com Continues to Violate SEC Regulation G and Materially Overstate EBITDA in Q1 2008

05/21/08: Warning from a Convicted Felon: Don't Be Fooled by People Who Flaunt Their Integrity

05/19/08: Overstock.com and PricewaterhouseCoopers: Errors in Submissions to SEC Division of Corporation Finance

05/12/08: Overstock.com and Patrick Byrne: Anatomy of a Stock Market Manipulation Scheme (Part 3)

04/28/08: Overstock.com: Anatomy of a Stock Market Manipulation Scheme (Part 2)

04/25/08: Barry Minkow Finds Herbalife Executive Falsified Credentials

04/23/08: Overstock.com SVP Jonathan E. Johnson lies in frantic attempt at damage control

04/21/08: Overstock.com and Patrick Byrne: Anatomy of a Stock Market Manipulation Scheme - First Quarter Earnings Release

04/17/08: Patrick Byrne has a new pet journalist with a captured mind

04/11/08: Fraud Discovery Institute Lists "Top 10 Red Flags for Fraud at Herbalife"

03/31/08: BIDZ.com's Inventory Disclosures: More Questions

03/19/08: To BIDZ.com CFO Lawrence Kong: Is BIDZ reporting inventory in compliance with GAAP?

03/17/08: Overstock.com and Patrick Byrne: Phony Accounting and False and Misleading Disclosures - New Lies

03/14/08: Is BIDZ.com Reporting Inventory in Compliance with GAAP?

02/26/08: Overstock.com and Patrick Byrne: Phony Accounting and False and Misleading Disclosures - Revenues

02/20/08: Did Overstock.com's recent press release about Gradient violate rule 10b-5?

02/04/08: Overstock.com and Patrick Byrne: Phony Accounting and False and Misleading Disclosures

01/17/08: Jason C. Lindsey backdates his resignation: Proof

01/17/08: Are certain former Overstock.com directors jumping ship on Patrick Byrne?

01/07/08: Did former Overstock.com President, Chief Operating Officer, and Director Jason C. Lindsey backdate his resignation?

01/02/08: Why did Overstock.com President and COO Jason C. Lindsey really resign?

12/21/07: Warning to White Collar Criminals: Plan Ahead

12/21/07: Fortune Magazine Article: Takes one to know one

12/13/07: Open Letter to Utah Attorney General Mark Shurtleff Re: Your lies on behalf of campaign contributor Overstock.com

12/03/07: Overstock.com and CEO Patrick Byrne: Improper use of EBITDA results in Regulation G Violation

11/29/07: Utah Attorney General Mark Shurtleff Caught Lying on Behalf of Overstock.com and Patrick Byrne

11/26/07: Overstock.com and CEO Patrick Byrne: Securities and Exchange Commission Regulation G Violations

11/19/07: Utah Attorney General Mark Shurtleff Panders to Campaign Contributor Overstock.com and Defames CEO Patrick Byrne Critic

11/12/07: Overstock.com vs. Gradient and Copper River (aka Rocker) Part 4: Read all about it

11/12/07: Overstock.com vs. Gradient and Copper River (aka Rocker) Part 3: Details of Countersuit

11/10/07: Overstock.com vs. Gradient and Rocker Part 2: Countersuit by Rocker

11/08/07: Did Overstock.com CEO Patrick Byrne cook the company's numbers and mislead investors? (Part 4)

11/01/07: Overstock.com CEO Patrick Byrne Continues to Dodge Questions about SEC Probe and Faces Counterclaims by Rocker and Gradient

10/24/07: Is New York State Using a "Trust, Don't Verify" Approach Regarding Convicted Felon CPAs?

10/22/07: Open Letter to Patrick Byrne, CEO of Overstock.com

10/16/07: A Warning to Wall Street Analysts from a Convicted Felon

10/03/07: Patrick Byrne, CEO of Overstock.com: A history of deception, deceit, and distortion - Part 1: The Early Days

09/25/07: Overstock.com vs. Gradient and Rocker Part 1: Patrick Byrne and his Three Stooges

09/11/07: Overstock.com CEO Patrick Byrne and his Black Ops

09/10/07: Advice from a convicted felon: How the government investigates and prosecutes white collar criminal cases

08/23/07: Did Overstock.com CEO Patrick Byrne cook the company's numbers and mislead investors? (Part 3 - The end game)

08/22/07: Did Overstock.com CEO Patrick Byrne cook the company's numbers and mislead investors? (Part 2)

08/20/07: Did Overstock.com CEO Patrick Byrne cook the company's numbers and mislead investors? (Part 1)

08/12/07: Patrick Byrne, CEO of Overstock.com, Admits to Being Target of Government Probe

08/07/07: Does Overstock.com's Audit Committee have its head in the sand regarding Patrick Byrne?

08/05/07: Judd Bagley, Director of Communications at Overstock.com, stalks a teenage blogger

08/02/07: Patrick Byrne, CEO of Overstock.com, Dodges Questions about SEC Subpoenas and Plays Games

07/30/07: Irrefutable Proof of Naked Short Selling?

07/30/07: Utah Companies that are engaged in Fraud Beware!

07/23/07: Did Patrick Byrne, CEO of Overstock.com, Deliver a Trojan Horse to the Securities and Exchange Commission?

07/16/07: Patrick Byrne (CEO of Overstock.com) deceives the New York Times about his activities on internet message boards

07/12/07: The Crazy Eddie Movie

07/08/07: Patrick Byrne, CEO of Overstock.com, Continues his Ugly Campaign of Menace

07/06/07: Advice to Richard A. Altomare (Universal Express) from a Convicted Felon: Cut the Bull

07/02/07: InvestorVillage is the place for Overstock.com CEO Patrick Byrne, his henchman Judd Bagley, and their cronies

06/25/07: Crazy Eddie Speaks Cousin Sam E. Antar Responds

06/22/07: Crazy Eddie and cousin Sam E. Antar clash on CNBC

06/18/07: Who is Judd Bagley trying to fool about the use of anti-Semitism to attack critics of his boss, Overstock.com CEO Patrick Byrne?

06/08/07: Open Letter to the Audit Committee of Overstock.com: About how Patrick Byrne’s vindictive smear campaign uses threats and anti-Semitism

06/04/07: Open Letter to the Audit Committee of Overstock.com: Patrick Byrne denies using private eyes

06/03/07: Memo to Judd Bagley: Director of Communications at Overstock.com - About Threats on AntiSocialMedia.net

06/02/07: Advice about Trust from a Convicted Felon

05/30/07: Open Letter to the Audit Committee of Overstock.com: The Company’s Code of Business Conduct and Ethics and actions of Patrick Byrne and others

05/25/07: Why are people distancing themselves from Overstock.com CEO Patrick Byrne?

05/17/07: To Patrick Byrne, CEO of Overstock.com: More Questions about the Company's Code of Business Conduct and Ethics

05/16/07: To Patrick Byrne, CEO of Overstock.com - Did you comply with the Company's Code of Business Conduct and Ethics

05/15/07: Overstock.com: A Copy of its Code of Business and Professional Ethics

05/14/07: Overstock.com and Patrick Byrne: The Deception Continues

05/13/07: Patrick Byrne, CEO of Overstock.com Cannot Answer a Simple Question

05/12/07: To Patrick Byrne, CEO of Overstock.com: Stop Deflecting and Start Answering Questions

05/09/07: Patrick Byrne, CEO of Overstock.com, receives SEC subpoena

05/03/07: Is Patrick Byrne, Overstock.com CEO, making false, misleading, and/or deceptive statements about the company’s financial issues?

04/25/07: Questions the Securities and Exchange Commission may ask Patrick Byrne (CEO of Overstock.com) in its investigation of (not “on”) Overstock.com

04/16/07: The Deceptions of Patrick Byrne (CEO of Overstock.com) and Judd Bagley (Director of Social Media at Overstock.com)

04/04/07: Don't Mess with Overstock.com CEO Patrick Byrne

03/04/07: White Collar Crime: How Criminals Exploit your Humanity

02/20/07: Investor Village Et al Limits Sam E. Antar from Asking Questions on Overstock.com - Shame on Them!

01/21/07: An Open Letter to KPMG, PricewaterhouseCoopers, Deloitte & Touche, Ernst & Young, and other Accounting Firms Subject to Inspections by the PCAOB 

01/17/07: Sam E. Antar and Judd Bagley from Overstock.com Communicate on DealBreaker Blog

01/15/07: Overstock.com: An Arsenal of Intimidation and Fear

01/14/07: The Real Story of Crazy Eddie's Lowest Price Guarantee

01/10/07: Open Letter to the Public Company Accounting Oversight Board

01/09/07: Financial Fraud: We Don't Want These Companies to List Here

01/05/07: Is There a Judgment Gap at The Gap?

12/30/06: Apple Computer's Stock Options Backdating Scandal: An Ex-felons View

12/25/06: The Art of Spinning: How to Identify White Collar Criminals or at Least Unethical and Deceitful People Who You Should Avoid

12/19/06: Why I Do Not Fear Auditors

12/19/06: Managing Earnings: Playing the Numbers Game

12/15/06: Cooperation: Andrew Fastow vs. Sam E. Antar

12/10/06: Hiding Your Dirty Laundry in the Footnotes: Anatomy of the Crazy Eddie Accounts Payable Fraud

12/03/06: In Class Action Securities Litigation Sometimes I Wonder Who are the Clients

12/03/06: D & O Insurers Can Help in Corporate Governance

12/02/06: When Regulatory Relief Really Means Relaxing Standards of Transparency and Integrity

11/18/06: Wall Street Journal Law Blog Asks Are Sentences Meted Out for White Collar Felons Too Long and I Answer Their Blog

11/18/06: Crazy Eddie Trademark - Not very Valuable

11/12/06: Audit Committees and External Auditors a Perfect Storm for Disaster

11/03/06: Response to Senator Schumer and Mayor Bloomberg Commentary of Sarbanes-Oxley Reform

10/28/06: Guilty Defendants (You know who you are) The Best Defense May not be the Most Expensive

10/26/06: The Private Securities Litigation Reform Act of 1995: The Unintended Consequence of "Pay to Play"

10/24/06: Skilling's Sentence: What It Is Good For and What Still Is Required

10/22/06: Spreading the Messasge

10/17/06: Memo to Warren Buffett from an Ex-Felon

10/15/06: Who Should Internal Auditors Report To?

10/08/06: The Battle for the Soul of American Capitalism

10/06/06: Warning to Business: We require better education for accountants and auditors, more independent audits, and better barriers to white collar crime

10/02/06: Crazy maybe, but listen to this crook

09/30/06: Former Federal Reserve Chairman Alan Greenspan Speaks Out about Sarbanes Oxley and I Answer Him Back

09/29/06: So You Want to Know How to Prevent White Collar Crime

09/25/06: Asbury Park Article One of the Antar's still talks about the fraud at Crazy Eddie

09/20/06: Ex-Criminal Touts Safeguards such as Sarbanes-Oxley Act09/08/06: The Road to Redemption Always Has its Doubters

07/31/06: WorldCom whistle-blower addresses conference - News

07/20/06: SEC Moves Forward on Sarbanes Oxley Improvements


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