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21 Apr 2009, 6:12 pm
Let's see if the masquerading stock market reformer Patrick Byrne has the guts to provide a detailed truthful response to each and every question.To Patrick M. [read post]
16 Apr 2009, 1:44 pm
I went to Utah at my own expense and took no fees to train Shurtleff's staff on combating white collar crime. [read post]
29 Mar 2009, 7:17 pm
As early as 2000, Patrick Byrne deceptively used non-GAAP revenues to hype Overstock.com's top-line performance, while at the same time claiming that Overstock.com was GAAP profitable, even though the company was not profitable at all (details here).Below are some specific examples about how Patrick Byrne lied about Overstock.com being "profitable" while the company was never profitableSeveral months before Overstock.com's initial public offering in… [read post]
29 Mar 2009, 6:59 pm
Mark Wahlstrom has stated to this author that they will have control of their white space April 1, 2009. [read post]
11 Mar 2009, 1:22 pm
The so-called "white flight" of upwardly mobile white Americans out of the inner city wasn't purely "white. [read post]
14 Jan 2009, 2:30 am
It’s a common strategy for defense lawyers, particularly in white collar criminal cases. [read post]
23 Nov 2008, 4:54 am
During the Q3 2008 earnings call that followed, Overstock.com CEO Patrick Byrne and President Jonathan E. [read post]
10 Nov 2008, 5:17 pm
Tabacco Jr, via several emails, Cc'd to the SEC, about the company's non-compliant EBITDA disclosures, but management led by CEO Patrick Byrne, stubbornly refused to change its non-compliant EBITDA disclosures, until today. [read post]
2 Nov 2008, 5:36 pm
Worst yet, not a single Wall Street analyst attending the earnings call had the balls to ask management about how its accounting errors materially impacted their valuations based on EBITDA.Overstock.com's Willful Non-compliance with SEC Regulation G and SEC Guidance Governing Non-GAAP Disclosures such as EBITDA Results in Even Greater MisstatementsIn addition to Overstock.com's material overstatements of reported EBITDA from accounting errors, the… [read post]
26 Oct 2008, 5:58 am
Therefore, Q1 2007's numbers could not have been reported in compliance with GAAP.According to a Wired.com article by Betsy Schiffman:In its earnings release, Overstock.com failed to disclose that it compared first-quarter 2008 revenues reported on a GAAP basis to first-quarter 2007 revenues that were reported on a non-GAAP basis," Antar wrote on his White Collar Fraud blog.For those who don't speak accountantese, "non-GAAP" basically refers to… [read post]
17 Oct 2008, 9:01 am
" That is, there are plenty of non-racist whites who need a candidate to show them something more than I.Q. and a poignant multicultural provenance. [read post]
10 Oct 2008, 10:06 pm
Nearly 99 percent of the calls she monitored were non-military related. [read post]
17 Sep 2008, 5:23 pm
” Congress’ actions on the penalty for child rape issue, the brief contends, should be regarded as “non-events” in view of the fact that neither the state of Louisiana, briefs supporting its position, the federal government, or anyone in the White House or Congress “mentioned military law while this case was under submission. [read post]
12 Aug 2008, 2:00 pm
  On Tuesday, August 19, 2008, PropertyShark.com is sponsoring a Manhattan real-estate networking event at The Madison & Gypsy Tea (27 West 24th Street). [read post]
31 Jul 2008, 2:08 pm
See excerpts from Wired.com article below:"In its earnings release, Overstock.com failed to disclose that it compared first-quarter 2008 revenues reported on a GAAP basis to first-quarter 2007 revenues that were reported on a non-GAAP basis," Antar wrote on his White Collar Fraud blog.For those who don't speak accountantese, "non-GAAP" basically refers to non-standard accounting practices, and the difference between GAAP and… [read post]
22 Jun 2008, 8:27 pm
For more -- much more -- on these process issues and the possible technological practices that might be underlying this issue, I recommend a "Breakfast Table" discussion that David and I conducted at Slate with Orin Kerr and Patrick Keefe last year. [read post]
19 Jun 2008, 7:09 pm
Christopher Dodd (D-Connecticut) and Patrick Leahy (D-Vermont). [read post]