Search for: "Sam E. Antar"
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27 Jun 2010, 4:05 am
To SEC Chairperson Mary Schapiro: In August 2009, I wrote my first Open Letter to the Securities and Exchange Commission detailing how Overstock.com deliberately violated Generally Accepted Accounting Principles (GAAP) in recognizing income for recoveries from underbilled fulfillment partners by improperly claiming that a “gain contingency” existed under accounting rules. [read post]
25 Jan 2010, 12:14 am
Updated to include today's anouncement of David Chidester leaving the company To KPMG: Recently, your firm was naive enough to become Overstock.com's (NASDAQ: OSTK) new auditors, after the company fired and publicly vilified Grant Thornton rather than properly follow Generally Accepted Accounting Principles (GAAP) as recommended by them. [read post]
28 Nov 2011, 1:05 am
Last week, I suggested that j2 Global Communications Inc. [read post]
8 Dec 2008, 7:44 pm
Corruption and unethical behavior by politicians is a cancer that slowly and deliberately destroys the integrity of our government institutions and ultimately threatens the stability of our Republic.The Democratic Party which will control the Presidency, the Senate, and the House of Representatives has a unique opportunity to show that they are really serious about possible corruption and changing the way Washington does business.However, they must start in their own backyard and immediately remove… [read post]
21 Nov 2009, 4:14 pm
Byrne, company President Jonathan E. [read post]
20 Jun 2010, 6:32 pm
To Securities and Exchange Commission Chief Accountant Wayne Carnall: In my first Open Letter, I asked the Securities and Exchange Commission Division of Corporation Finance to review Medifast's (NYSE: MED) revenue recognition policy to determine if it complies with Generally Accepted Accounting Principles (GAAP) and SEC Staff Accounting Bulletin Topic 13. [read post]
26 Nov 2009, 7:15 pm
Updated for two additional notes to the SEC at bottom of post To the Securities and Exchange Commission: Recently, Overstock.com (NASDAQ: OSTK) CEO Patrick M. [read post]
28 Jul 2009, 5:36 pm
When pressed by me to discuss Overstock.com's non-compliant EBITDA disclosures, CEO Patrick Byrne, company President Jonathan E. [read post]
