‘Stranded traveler’ e-mail scam hitting computers – Naples Daily News

Posted on July 26th, 2010 in Work From Home Scams | No Comments »

'Stranded traveler' e-mail scam hitting computers Naples Daily News Allison Blankenship awoke one morning to a flurry of phone calls from back home in Naples. Friends and family were concerned she had been robbed and left … and more

Marcophiles: Local couple brings home another national dancing prize – Naples Daily News

Posted on July 26th, 2010 in Work From Home Scams | No Comments »

Marcophiles: Local couple brings home another national dancing prize Naples Daily News And they left with a now dry work ready to hang at home in Atlanta. “The best part for the whole day, for me, was the big hug I got and many thank yous from … and more

Police probe Salisbury paving company – The Daily News of Newburyport

Posted on July 26th, 2010 in Work From Home Scams | No Comments »

Police probe Salisbury paving company The Daily News of Newburyport Snow insists he is not running a scam , that his work is under warranty, and that if he were not on the up and up, his trucks would not have large letters on … and more

Duped in Koran scam, lawsuit victor still not repaid – New York Daily News

Posted on July 20th, 2010 in Work From Home Scams | No Comments »

Duped in Koran scam , lawsuit victor still not repaid New York Daily News Hussain persuaded the then-unemployed immigrant to take out a $100000 loan against his home and invest in the printing of religious texts in late 2008, …

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Duped in Koran scam, lawsuit victor still not repaid – New York Daily News

Desmond leads race to buy Five

Posted on July 18th, 2010 in Economy | No Comments »

The Daily Express owner appears to be the most enthusiastic bidder for the lossmaking broadcaster and could pay £100m

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Desmond leads race to buy Five

Goldman Sachs Fine in Fraud Case: Wall Street Firm Can Afford It – Politics Daily (blog)

Posted on July 16th, 2010 in Fraud, Wall Street Scams | No Comments »

Washington Post Goldman Sachs Fine in Fraud Case: Wall Street Firm Can Afford It Politics Daily (blog) … Commission says the $550 million fine imposed on Goldman Sachs to settle a civil fraud case is the largest penalty ever paid by a Wall Street firm. … Goldman's next headache CNNMoney Goldman paying $550M to settle civil fraud charges The Associated Press Goldman Sachs 'Victory' Ushers Change for Wall Street BusinessWeek Wall Street Journal (blog)

Other Banks Could Pay Over Similar Housing Bets – Wall Street Journal

Posted on July 15th, 2010 in Fraud, Wall Street Scams | No Comments »

Kansas City Star Other Banks Could Pay Over Similar Housing Bets Wall Street Journal For the rest of Wall Street , the $550 million settlement between Goldman Sachs and the Securities and Exchange Commission means that the … With Settlement, Blankfein Keeps His Grip New York Times Goldman Sachs to pay out more than $550M to settle securities fraud suit New York Daily News Goldman Sachs to pay record $550M to settle subprime fraud charges USA Today NewsHour

Now, a fraud Facebook owner? – Indian Express

Posted on July 14th, 2010 in Fraud, Wall Street Scams | Comments Off

Sydney Morning Herald Now, a fraud Facebook owner? Indian Express … he signed with Facebook founder and CEO Mark Zuckerberg entitles him to ownership of the company and monetary damages, the Wall Street Journal said. … New Yorker Sues Facebook for 84 Percent Ownership Sci-Tech Today Wellsville man claims to own 84 percent of Facebook Wellsville Daily Reporter The American claim rights to Facebook IT Chuiko (blog) all 380 news articles

HFMWeek Daily Snapshot – 13 July – HFMWeek

Posted on July 13th, 2010 in Wall Street Scams | Comments Off

HFMWeek Daily Snapshot – 13 July HFMWeek The case could encourage other investors, such as large pension funds, to bring similar lawsuits against Wall Street . Hedge funds had their fourth-worst … and more

PoliticMo Daily Rundown: July 12, 2010 – PoliticMo (blog)

Posted on July 12th, 2010 in Work From Home Scams | Comments Off

PoliticMo Daily Rundown: July 12, 2010 PoliticMo (blog) When police in Overland Park and Shawnee, Kansas began the investigation into the stolen laptop back in 2005, the international scam came to light. … and more

Don’t get burned by air conditioning inspection and repair scams – Royal Oak Daily Tribune

Posted on July 11th, 2010 in Scams, Work From Home Scams | Comments Off

Don't get burned by air conditioning inspection and repair scams Royal Oak Daily Tribune Obtain multiple quotes: Obtain more than one written quote before you allow work to be completed on your air conditioner. Be vigilant: Protect your home and …

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Don’t get burned by air conditioning inspection and repair scams – Royal Oak Daily Tribune

Two more need the McChrystal treatment – Columbia Daily Tribune

Posted on July 10th, 2010 in Wall Street Scams | Comments Off

Two more need the McChrystal treatment Columbia Daily Tribune The Wall Street hustlers were made whole, but not so the people whose home mortgages the banks are foreclosing, or the businesses and their customers … and more

Financial reforms and consumer protections needed – Vineland Daily Journal

Posted on July 10th, 2010 in Wall Street Scams | Comments Off

Financial reforms and consumer protections needed Vineland Daily Journal I would like to thank those members of Congress who support the Dodd-Frank Wall Street Reform and Consumer Protection Act that, if it passes the Senate, … and more

Accused con man, Guy de Chimay, claims he can prove he’s Belgian royalty – New York Daily News

Posted on July 6th, 2010 in Wall Street Scams | Comments Off

New York Daily News Accused con man, Guy de Chimay, claims he can prove he's Belgian royalty New York Daily News The former financier – who starred in a 2006 TV documentary ” Wall Street Warriors” – is charged with bilking friends, investors and the family of his …

8d00590ca56.jpg Accused con man, Guy de Chimay, claims he can prove hes Belgian royalty   New York Daily News

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Accused con man, Guy de Chimay, claims he can prove he’s Belgian royalty – New York Daily News

UK Unions Face Budget Cuts, Pay Cuts, Massively Reduced Severance Benefits

Posted on July 5th, 2010 in Economy | Comments Off

As the UK continues with its austerity program, British public unions are screaming loudly. The Telegraph reports Ministers to slash pay-offs for civil servants. Generous “golden goodbye” payments to civil servants are to be cut drastically to make it cheaper for ministers to lay off thousands of public sector staff, The Daily Telegraph has learnt. The changes, which will provoke a major confrontation with the unions, come as government departments are drawing up plans for budget cuts of …

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UK Unions Face Budget Cuts, Pay Cuts, Massively Reduced Severance Benefits

Work-at-home scams on rise – Pacific Daily News

Posted on July 4th, 2010 in Scams, Work From Home Scams | Comments Off

Work -at- home scams on rise Pacific Daily News Work -at- home scams have been around for decades, but the economic downturn has given them a new urgency for both businesses and the unemployed. … and more

Financial Reform: A Big Win For Consumers, a Big Loss For Investors – CBS MoneyWatch.com (blog)

Posted on July 1st, 2010 in Wall Street Scams | Comments Off

WJTV Financial Reform: A Big Win For Consumers, a Big Loss For Investors CBS MoneyWatch.com (blog) Investors lost, Wall Street won. Taking the consumer side first, color me thrilled that Congress created a potentially strong Bureau of Consumer Financial … Americans need financial reforms Charlottesville Daily Progress all 142 news articles

Why a bank-bashing populist Democrat opposed the Wall Street ‘reform’ bill – Capital Times

Posted on July 1st, 2010 in Wall Street Scams | Comments Off

WJTV Why a bank-bashing populist Democrat opposed the Wall Street 'reform' bill Capital Times No member of the House has been a harsher critic of the abuses of big banks and Wall Street than Ohio Democrat Marcy Kaptur. In particular, Kaptur condemned … Financial regulation: Not all on the same page The Economist Americans need financial reforms Charlottesville Daily Progress all 141 news articles

Morgan closes in on coveted CNN slot

Posted on June 30th, 2010 in Economy | Comments Off

TV personality and former Daily Mirror editor Piers Morgan is in the final stages of securing the coveted presenting slot as replacement for Larry King who has announced his retirement

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Morgan closes in on coveted CNN slot

It’s war! Lawyer for DailyKos details lawsuit against Research 2000 – Washington Post (blog)

Posted on June 29th, 2010 in Wall Street Scams | Comments Off

It's war! Lawyer for DailyKos details lawsuit against Research 2000 Washington Post (blog) Research 2000 has provided polling to, among others, Wall Street Journal, THe Nevada Gaming Commission and the conservative Portland Tribune. … and more

Koss Fraud: We didn’t bother to look at the endorsements on our own checks, but Grant Thornton should have!

Posted on June 26th, 2010 in Fraud, Scams | Comments Off

The latest news in the Koss Corporation fraud committed by ex-VP of Finance Sue Sachdeva is a lawsuit filed by the company against Sachdeva and auditors Grant Thornton . It’s unlikely that the company will collect much from Sachdeva, but the auditors are a great target because they have deep pockets (especially in the form of a professional liability insurance policy). Everyone expected Koss to sue Grant Thornton. It’s just standard procedure to sue the auditors after a fraud is discovered. It never matters to the companies that audits are not designed to detect fraud and the auditors tell management this over and over. It never matters to the companies that they are the ones responsible for establishing and maintaining internal controls over financial reporting, as well as putting procedures in place to prevent and detect fraud. The standard management representation letter required to be given by the companies to the auditors has language something like this: We confirm that we are responsible for the fair presentation in the financial statements of financial position, results of operations, and cash flows in conformity with US GAAP. We also acknowledge our responsibility for establishing and maintaining effective internal control over financial reporting, including designing and implementing programs and controls to prevent and detect fraud.” But when things blow up, someone has to be held responsible, and Koss is pointing the finger at Grant Thornton. Here’s what I find so funny about the lawsuit: It goes through the fraudulent payments Sachdeva initiated in great detail , listing dates, payees, and amounts. The accusation being made is that if Grant Thornton had examined those checks and looked at the endorsements on the back of the checks, they would have immediately known Sachdeva was defrauding the company. Why is that so funny? Because Koss management could have (and should have) done exactly what they’re saying Grant Thornton should  have done. Talk about making yourselves look like absolute morons. Financial statement audits are very limited in scope. Companies may not like that fact, but it’s just the way it is. If companies want their auditors to find fraud, then they ought to hire the auditors to do more than the audit . As it stands, when you hire auditors to do audits, you have very little chance that they will find a fraud-in-progress. If  you want them to look for fraud, then you have to hire them for additional work. Contrary to what many may believe, the auditors don’t sit and go through canceled checks as part of their audit procedures. Their job is not to sit and go through every payment that passes through the bank account. That’s a different project with a different scope. Get over it. You should read my article at Daily Finance about this lawsuit. I point out some interesting contradictions in statements Koss made to the SEC and that they’re now making in their lawsuit. Maybe if the company had spent as much time and money on the management of their business as they will spend on this lawsuit, this all could have been avoided.

fraud Koss Fraud: We didn’t bother to look at the endorsements on our own checks, but Grant Thornton should have!

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Koss Fraud: We didn’t bother to look at the endorsements on our own checks, but Grant Thornton should have!

“Monitoring” That Works

Posted on June 22nd, 2010 in Fraud, Scams | Comments Off

Guest Post by Ronald Kral, MBA, CPA, CMA Managing Partner of Candela Solutions LLC All organizations use some form and degree of monitoring in reaching strategic, operational, reporting and compliance objectives. Yet, many organizations do not fully leverage the power of monitoring in reaching objectives or in supporting their regulatory control assessments. This article explores monitoring in an effort to reap the benefits of cost-efficient and effective control systems. The relevancy today is especially vivid considering the increase in modified or qualified external audit opinions pertaining to “going concerns”. While a company’s ability to continue functioning as a business entity relates primarily to operational objectives, it is achieved in large part through sound controls. Monitoring is a necessary component of the internal control process. COSO’s Monitoring Guidance The Committee of Sponsoring Organization of the Treadway Commission (COSO) released Guidance on Monitoring Internal Control Systems in January, 2009.  This is a resource worthy of any internal auditor’s, director’s, or manager’s library. It provides practical guidance and examples on how monitoring can be incorporated into an organization’s internal control process. The guidance does not change the original Internal Control – Integrated Framework issued by COSO in 1992. This original COSO Framework and subsequent guidance defines monitoring as two related principles: 1.    Ongoing Monitoring Activities:  These are geared towards monitoring the effectiveness of controls over the ordinary course of operations and includes: management activities supervisory activities comparisons reconciliations other routine actions including automated tools 2.    Separate Evaluations:  Periodic efforts to verify the effectiveness of controls through evaluation other than the ordinary course of operations. This often provides a “fresh look” and is also a means to consider the effectiveness of ongoing monitoring activities. Examples include special reviews triggered by the board of directors and evaluations performed by internal audit. In addition to internally driven evaluations, organizations may be subject to external evaluation requirements performed by external auditors, regulators, and financial institutions. For these more highly regulated organizations, companies can often leverage their internal monitoring efforts when there is a healthy degree of internal independence. Separate evaluations typically lend themselves to greater independence by definition. Companies are also well advised to ensure that internal evaluators are competent and objective to heighten the probability that this work can be used by external evaluators. Balance and Some Degree of Independence Counts Without monitoring it is not possible to conclude if controls are operating effectively. Remember that a control is simply a policy, procedure, or activity within a process to accomplish an objective. A key message of COSO’s Guidance on Monitoring Internal Control Systems is to “build-in” controls versus relying too heavily on “add-on” controls. The concept of building-in controls directly relates to ongoing monitoring activities since they are ingrained into the daily activities of a company through management and supervision. These control activities are typically the first opportunity to identify and correct control deficiencies. This front-line of defense against errors, fraud, and shortcomings in reaching objectives must be reinforced through clear accountabilities and consequences. A culture of strong management and supervisory controls is essential in the ultimate outcome of successfully reaching objectives. Even if an organization is highly reliant on automated controls, it is people who must interpret the results of the automated controls. Automated controls should be widely used as they can be very powerful in helping managers and supervisors monitor outcomes to best make timely decisions. Organizations need to have a healthy balance of both ongoing controls and separate evaluations. Separate evaluations are mostly “add-on” activities since they occur outside the ordinary course of operations. They generally detect control breakdowns well after ongoing monitoring activities and can be resource intensive. However, they are also typically performed with a higher degree of objectivity when performed by persons who are outside the business unit. With supervisory controls there is a heightened risk of bias through the development of personal friendships and pressures to protect the business unit’s image. Business units are naturally concerned about how they are perceived outside their unit and this is why you want diversification with your monitoring activities. Separate evaluations can pay huge dividends by providing a fresh-independent look at the effectiveness of controls, including ongoing monitoring controls. The Perception of Detection The notion of consequences is very important. If people sense that their mistakes, performance shortcomings, or even worse – fraud, will not be detected; there is a heightened risk of control breakdown. They simply feel they will not get caught so they rationalize that becoming lazy, making errors, or committing fraud will go unnoticed. Without detection, there can be no consequences. This is one of the most fundamental desired characteristics of a healthy control environment. However, some cultures can go too far in creating an atmosphere of paranoia and going overboard on costs that have a diminishing level of returns in terms of control benefits. To foster a good equilibrium of “perception of detection” in the culture, here are some suggestions: Implement a fraud hotline, including an anonymous reporting component. Provide periodic training of board members, management and supervisors on objectives and relating controls. Craft and implement a comprehensive corporate compliance program that spells out roles, accountabilities and consequences. Reinforce the corporate compliance program through a formal performance evaluation process to reward positive outcomes and correct negative results. Communicate a code of conduct that is simple to read and understand to all directors and employees.  Also consider a code of conduct for certain external stakeholders, such as vendors. Verify compliance to controls through a healthy balance of supervision and internal auditing. And finally, let’s not forget the role of the board. Since the risk of management circumvention of controls is generally very high, there absolutely must be some form of executive monitoring at the board level.  This does not mean that directors need to actually be conducting the monitoring activities themselves, but rather that they direct activities through an internal audit function that does not report to management. It may also make sense to bring in a third-party evaluator, such as a second CPA firm, for high risk and sensitive areas when independence is either compromised or simply is elusive due to the organizational structure. After all, it is ultimately on the board’s shoulders to ensure that proper monitoring is indeed in place and working to protect shareholder interests. Ronald Kral is the Managing Partner of Candela Solutions. Ron is also the Lead Partner of the Firm’s SEC Compliance Practice and is available to address inquiries.  He can be reached at rkral@CandelaSolutions.com. Candela Solutions LLC is a new breed of CPA firm building value for clients through strong governance, risk management and compliance services. Visit our website at www.CandelaSolutions.com for more information. © 2010 Candela Solutions LLC, One South Pinckney, Suite 310, Madison, WI 53703.

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“Monitoring” That Works

SEC files civil fraud charges against ICP Asset Management – Washington Post

Posted on June 21st, 2010 in Fraud, Wall Street Scams | Comments Off

New York Daily News SEC files civil fraud charges against ICP Asset Management Washington Post … debt obligations, the type of pooled securities that are the focus of the SEC's civil fraud charges against Wall Street titan Goldman Sachs. — AP. Illegal Any Time New York Times (blog) SEC accuses money manager of fraud The Associated Press Thomas Priore, ICP Management Founder, SUED By SEC For CDO Fraud Huffington Post (blog) Financial Times

One Crowd Still Loyal to Goldman Sachs – New York Times

Posted on June 14th, 2010 in Wall Street Scams | Comments Off

One Crowd Still Loyal to Goldman Sachs New York Times Revelations about Goldman's business practices have raised important questions about the social utility of many products that are sold on Wall Street and … Mr. President, Here's a Rear End You Can Kick: Goldman Sachs' Politics Daily (blog) all 5 news articles

Meet New York’s Tea Party: Surprise! Convicted con bashes the feds – New York Daily News

Posted on June 14th, 2010 in Wall Street Scams | Comments Off

New York Daily News Meet New York's Tea Party: Surprise! Convicted con bashes the feds New York Daily News It was the Wild West on Wall Street . I made stupid mistakes.” He spent 15 months in prison and, along with 60 co-defendants, was ordered to repay the $3.1 … and more

National mortgage meltdown has strong Western Pennsylvania ties – Connellsville Daily Courier

Posted on June 13th, 2010 in Work From Home Scams | Comments Off

National mortgage meltdown has strong Western Pennsylvania ties Connellsville Daily Courier For a while, Cowden, 58, formerly of Coraopolis, used the identification of a dead man to continue the scam , according to federal court papers. … and more

Guy Albert de Chimay makes off with $6M, made bogus claim to be Belgian … – New York Daily News

Posted on June 12th, 2010 in Wall Street Scams | Comments Off

TopNews United Kingdom (blog) Guy Albert de Chimay makes off with $6M, made bogus claim to be Belgian … New York Daily News Chimay, who was featured on three episodes of a 2006 TV documentary titled ” Wall Street Warriors,” also claimed to belong to Belgian royalty and to be … ' Wall Street Warrior' Guy de Chimay Used Client Funds to Pay for Divorce … New York Magazine all 185 news articles

Police warn of asphalt scam – Beaver Dam Daily Citizen

Posted on June 9th, 2010 in Scams, Work From Home Scams | Comments Off

Police warn of asphalt scam Beaver Dam Daily Citizen Numerous reports have surfaced in and around Dodge County this summer of suspected home repair scams – in particular scams involving asphalt driveways. …

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Police warn of asphalt scam – Beaver Dam Daily Citizen

Judge Names Starr Firms Receiver – Emii.com

Posted on June 8th, 2010 in Fraud, Wall Street Scams | Comments Off

New York Daily News Judge Names Starr Firms Receiver Emii.com A US district judge has named a temporary receiver for the firms owned by Kenneth Star, accused of running a $30 million investment fraud , The Wall Street … A Tangled Scheme, a Grifter and a Hollywood Twist New York Times (blog) Alleged Ripoff Artist Kenneth Starr Has A Long History Of Scandal In Hollywood The Business Insider all 34 news articles

Cuomo: Blame greedy Wall Street, not me, for subprime crisis » – New York Daily News (blog)

Posted on June 7th, 2010 in Fraud, Wall Street Scams | Comments Off

Cuomo: Blame greedy Wall Street , not me, for subprime crisis » New York Daily News (blog) This was fraud . There was a conspiracy to commit the fraud and that's what caused the subprime meltdown: greedy Wall Street bankers. … and more

UK & World News: Lake District massacre: Gun killer Derrick Bird feared jail … – Scottish Daily Record

Posted on June 4th, 2010 in Work From Home Scams | Comments Off

UK & World News: Lake District massacre: Gun killer Derrick Bird feared jail … Scottish Daily Record Joy, a cousin of the killer, said Mary had moved out of her home as she tried to come to terms with the deaths of her twin sons, David and Derrick. … and more

Medicare scam: Elderly woman billed for pregnancy test, semen analysis – and … – New York Daily News

Posted on June 1st, 2010 in Fraud, Work From Home Scams | Comments Off

New York Daily News Medicare scam : Elderly woman billed for pregnancy test, semen analysis – and … New York Daily News June Smith, 72, at her Grahamsville home with bills that were charged to her Medicare account fraudulently, including invoices for semen … and more

Protecting the vulnerable: Agencies work together for community – Maryville Daily Times

Posted on May 30th, 2010 in Work From Home Scams | Comments Off

Protecting the vulnerable: Agencies work together for community Maryville Daily Times In another scam , called phishing, a person gets a call or e-mail from “the bank” asking for verification of an account. “This hits a lot of people, …

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Protecting the vulnerable: Agencies work together for community – Maryville Daily Times

US Senate passes Wall Street Reform and Consumer Protection Act – Northwest Progressive Institute Official Blog (blog)

Posted on May 21st, 2010 in Wall Street Scams | Comments Off

New York Daily News US Senate passes Wall Street Reform and Consumer Protection Act Northwest Progressive Institute Official Blog (blog) And it guarantees that Washington taxpayers will never be on the hook to bail out Wall Street again. I have heard from so many people across our state whose … Murray, Cantwell disagree on Wall Street regs The Spokesman Review (blog) Progressive Sen. Maria Cantwell Courageously Votes No on Weak Wall Street Bill AlterNet (blog) all 47 news articles

Get over the Facebook privacy drama

Posted on May 16th, 2010 in Fraud | Comments Off

Today Daily Finance has published an article by me about the current state of the Facebook privacy drama . Simply put, it’s completely overblown. I don’t like the fact that Facebook seems to make huge changes just when I’ve finally figured out the last batch of changes. But this is the internet, people. Things move fast, and so Facebook has to make frequent changes to keep developing their business model. And make no mistake – – Facebook is a business. As much as you might like to think it’s just a clever way to interact with your friends, the reality is that Facebook is a business that needs to generate revenue one way or another. Users don’t seem willing to pay for access to Facebook, so the company must look to advertisers and other partners to bring in money. The only way to make the network attractive to those with the money is by opening things up.That means Facebook is going to encourage (and in some cases require) that certain parts of your profile be public.  After all, what good is user data if those who would pay to get access to it can’t actually access anything? The biggest complaint about the recent changes to Facebook’s privacy options is that there are too many of them.  The New York Times calls the privacy options “bewildering.” At Daily Finance, my colleage Sam Gustin is also annoyed with the number of privacy choices on Facebook. But is it really all that bad to have lots of options when it comes to the many pieces of data you can add to your profile? I don’t think so. It’s nice that you can hide certain items while making others public. And I guarantee you that if Facebook now had only a few privacy choices that applied to large chunks of data, critics would be saying we don’t have enough control. Truthfully, the Facebook privacy settings are not the least bit confusing for anyone who can be bothered to take 10 minutes to look at them and use Facebook’s “help” function .  I think Sam is just too lazy to learn about the privacy settings. And really… is it too much to ask that if you want to keep things private, you spend 10 or 20 minutes a few times a year learning about the options and tweaking your profile? I became motivated to write about this when my writing team at Daily Finance (which includes Sam) had a discussion about the “confusing” Facebook privacy settings via our team email list. To help defend his position that Facebook’s privacy is awful, he cited Danah Boyd as a “sophisticated thinker” on his side of this argument. I’ve never heard of her before, but okay. Sam says she’s sophisticated, so let’s go with it.  Danah was shocked that Facebook didn’t contact her to help them after she did a keynote at SXSW. Really? That sets the stage for the rant, doesn’t it? Facebook didn’t bow down to Danah’s obvious superiority in the area of social media privacy, and now they shall pay. She says lots and lots of people are scared of these privacy issues on Facebook. I think that most of these scared people are simply too lazy to look at the privacy settings on Facebook, and are instead listening to people like Danah say they ought to be worried, and now they’re worried. Notice a theme here? Lazy Facebook users? Danah’s premise throughout most of the article is reasonable, but then she holds up a teenager using Facebook as an example of what’s so wrong with Facebook’s privacy settings. This poor teenager didn’t know that setting photos to be viewable by “Friends of Friends” meant that friends of friends could actually see them. Really? This is your shocking example of how awful Facebook is? That a user didn’t have basic common sense? Sure, she’s a teenager. But come on. By age sixteen I think basic reading comprehension skills have been learned, and “friends of friends” is not a terribly complicated phrase to interpret. This is by far not a “sophisticated” argument against Facebook. She goes on to complain about the fact that people don’t think the word “everyone” really means everyone. And she complains that Zuckerberg and Facebook team think they know what everyone wants. This is not a “sophisticated” argument either. Facebook critics are also sounding off that the “privacy” on Facebook isn’t really privacy at all, and the company is just looking for ways to exploit users. This argument fails if you again step back and look at Facebook as a business. The company must bring in revenue if it wants to survive, and it’s not “exploiting” users so much as finding ways to make the network enticing to those willing to pay for access. What Facebook absolutely must do, however, is be transparent. They must be clear about the privacy controls and make sure users know (if they bother to look) what is private and what is not. And for the users of Facebook – – you must take responsibility for your own data, because you’re the only one who can control it. If you don’t want things to become public, don’t post them on the internet. That’s really the only privacy control you may need.

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Get over the Facebook privacy drama

Are you singing the blues at work? – Kankakee Daily Journal

Posted on May 15th, 2010 in Work From Home Scams | Comments Off

Are you singing the blues at work ? Kankakee Daily Journal With the ongoing foreclosure crisis in the US, many scam artists have begun to prey on those in need and those desperate to save their homes. … and more

Nevada Rollcall – Ely Daily Times

Posted on May 12th, 2010 in Work From Home Scams | Comments Off

Nevada Rollcall Ely Daily Times Democrats failed to come up with enough votes to pass a bill that would encourage more federal employees to work from home . The bill gained a 268-147 … and more

Invest in clean energy sources – Bangor Daily News

Posted on May 12th, 2010 in Work From Home Scams | Comments Off

Invest in clean energy sources Bangor Daily News Would they ever really work for a living?. Isn't it easier to deceive you into thinking this Wind Scam is Renewable Green? Well, it is Green(Back) to them, … and more

Des Plaines flooded with contractors – Chicago Daily Herald

Posted on May 12th, 2010 in Work From Home Scams | Comments Off

Des Plaines flooded with contractors Chicago Daily Herald Meore, who works as a secretary, said her daughter warned her about scam artists and storm chasers. “I'm not playing silly games. I went to Avondale, …

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Des Plaines flooded with contractors – Chicago Daily Herald

Waupun Police Beat – Beaver Dam Daily Citizen

Posted on May 10th, 2010 in Fraud, Work From Home Scams | Comments Off

Waupun Police Beat Beaver Dam Daily Citizen Fraud – At 8:47 am on May 3 a woman at the 500 block of East Jefferson Street reported that there is some type of possible internet scam going on over her …

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Waupun Police Beat – Beaver Dam Daily Citizen

Fraud-Tarred Finance Firms’ Trail May Mean Blankfein Keeps Job – BusinessWeek

Posted on May 5th, 2010 in Fraud, Wall Street Scams | Comments Off

New York Daily News Fraud -Tarred Finance Firms' Trail May Mean Blankfein Keeps Job BusinessWeek May 6 (Bloomberg) — Goldman Sachs Group Inc. Chief Executive Officer Lloyd C. Blankfein may take comfort from Wall Street's legal … Goldman clients staying put CNNMoney Goldman fined as settlement talks seen near Reuters Will Goldman Sachs dump Lloyd Blankfein? The Week Magazine Golden Gate [X]Press

B.J. Lawson Wins N.C. District 4 Primary – Durham, Chapel Hill and parts of Raleigh

Posted on May 5th, 2010 in Economy | Comments Off

Politico 2010 has the results of Tuesday’s North Carolina primary. I am pleased to report B.J. Lawson, a candidate I have endorsed, won the N.C. District 4 Primary. Lawson gathered 46.2% of the vote. This is a strong showing for a 4-man race. The Daily Paul site, dedicated to restoring constitutional government to the United States of America proclaims, “I’m celebrating by sending him a check. Anyone care to join me?” Money is always welcome, but so is your time and energy! …

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B.J. Lawson Wins N.C. District 4 Primary – Durham, Chapel Hill and parts of Raleigh

Goldman Sachs gets slap on the wrist for costly fraud – Golden Gate [X]Press

Posted on May 5th, 2010 in Fraud, Wall Street Scams | Comments Off

New York Daily News Goldman Sachs gets slap on the wrist for costly fraud Golden Gate [X]Press But unlike the ending of the movie, the FBI did not steamroll into Goldman Sachs' parking lot on Wall Street to arrest the top brokers and tow away their … Goldman fined as settlement talks seen near Reuters Jail Time for Wall St. Crime? Senate Considers It New York Times (blog) Get It Right: Hindsight May Not Be 20-20 The Stanford Daily NASDAQ

Buffett May Know More About Derivatives Than Securities Law – Wall Street Journal

Posted on May 4th, 2010 in Fraud, Wall Street Scams | Comments Off

The Guardian Buffett May Know More About Derivatives Than Securities Law Wall Street Journal As the purported victims in this fraud , how do they feel victimized? Or are they just sore losers? Compounding the uncertainty is The Wall Street Journal's … What Buffett Didn't Tell Goldman's CEO Motley Fool Warren Buffett defends Goldman Sachs; says Wall Street giant didn't commit fraud New York Daily News Warren Buffett backs Goldman Sachs over fraud allegations Telegraph.co.uk CNNMoney

Buffett Set to Fire on Goldman – Wall Street Journal

Posted on April 30th, 2010 in Wall Street Scams | Comments Off

Kansas City Star Buffett Set to Fire on Goldman Wall Street Journal He added that he believes Goldman is “more prudent and ethical” than other big Wall Street banks. Goldman didn't comment. Late Thursday, The Wall Street … Warren Buffett will address questions about Goldman Sachs at Berkshire … New York Daily News Warren Buffett to Dish on Goldman Sachs TheStreet.com Focus on Goldman backer Buffett Financial Post New York Times (blog)

Feds launch criminal investigation of Wall Street giant Goldman Sachs – New York Daily News

Posted on April 29th, 2010 in Fraud, Wall Street Scams | Comments Off

Telegraph.co.uk (blog) Feds launch criminal investigation of Wall Street giant Goldman Sachs New York Daily News To file charges against Goldman Sachs, prosecutors will have to uncover evidence that the firm's employees knowingly committed fraud . … WSJ: Feds Probing Goldman Fraud Allegations CBS News Goldman may face Justice Department review Washington Post Goldman Sachs under criminal investigation: WSJ AFP Reuters

Senate Overhaul Debate, Singapore Rules: Compliance – BusinessWeek

Posted on April 29th, 2010 in Fraud, Wall Street Scams | Comments Off

Barcelona News Senate Overhaul Debate, Singapore Rules: Compliance BusinessWeek The move came a day after Goldman Sachs Group Inc. executives underwent more than 10 hours of questioning by a congressional panel looking at Wall Street's … Around the world, Goldman becomes a political pariah The News Journal Goldman Sachs fraud is criminal Chicago Tribune The rage over Goldman Sachs is misplaced Christian Science Monitor CNN (blog)

Sen. Chuck Schumer targets debt-settlement scammers as well as Wall Street in … – New York Daily News

Posted on April 29th, 2010 in Wall Street Scams | Comments Off

New York Daily News Sen. Chuck Schumer targets debt-settlement scammers as well as Wall Street in … New York Daily News It would limit the firms' fees, force them to disclose more information and give federal and local law enforcers more authority to pursue scam artists.

6 Sen. Chuck Schumer targets debt settlement scammers as well as Wall Street in ...   New York Daily News

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Sen. Chuck Schumer targets debt-settlement scammers as well as Wall Street in … – New York Daily News

Wall Street, bankers, business execs lobby Congress – Reuters

Posted on April 28th, 2010 in Economy, Fraud, Wall Street Scams | Comments Off

Globe and Mail Wall Street , bankers, business execs lobby Congress Reuters … an election-year climate driven by deep voter anger at Wall Street and civil fraud charges against Goldman Sachs Group Inc. A main focus for Wall Street … Plan to fix Wall Street on right track The Daily Cougar WE THE PEOPLE: Wall Street versus Main Street Crossville Chronicle 150-year reputation on the line BBC News Estes Park Trail-Gazette

Plan to fix Wall Street on right track – The Daily Cougar

Posted on April 28th, 2010 in Fraud, Wall Street Scams | Comments Off

Plan to fix Wall Street on right track The Daily Cougar Wall Street reform needs to be passed, and it needs to address the concerns of the taxpayers — safety from fraud and protection against bearing the burden … and more