Red Orbit (Free subscription) | yesterday
SALT LAKE CITY, Nov. 24 /PRNewswire-FirstCall/ -- Overstock.com, Inc. (Nasdaq: OSTK) yesterday filed a Form 8-K/A which included a letter from the company's former auditor to the SEC.
The Business Insider (Free subscription) | yesterday
The pissing match between Overstock CEO Patrick Byrne and his former accounting firm continues. Last week, in a very unusual move, Byrne announced that he had fired Grant Thornton because the firm had changed its mind about how Overstock should account for a $785,000 payment that boosted the company's bottom line in Q1. Then, in an even more unusual move, Grant Thornton said Byrne was lying . It also...
Sequence Inc. FRAUDfiles Blog (Free subscription) | 24/11/2009
No longer can Patrick Byrne, wacky CEO of Overstock.com (NASDAQ:OSTK) claim that those pointing out his lies and materially misleading financial statements are just “miscreants,” operatives of an imaginary “Sith Lord,” or [insert any of a number of Jewish slurs that Byrne is prone to use]. Now national auditing firm Grant Thornton is calling Patrick [...]
CNN (Free subscription) | 24/11/2009
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Salt Lake Tribune (Free subscription) | yesterday
Overstock.com's spat with its former auditor, Grant Thornton, is getting nastier, with each company accusing the other of being less than truthful about their disagreement over the online retailer's third-quarter financial statement.
Sigmund, Carl and Alfred (Free subscription) | 24/11/2009
Business Insider: Last week, Overstock.com took the bizarre step of firing its accounting firm and filing a quarterly SEC document that had not been reviewed. According to Overstock CEO Patrick Byrne, Overstock fired its accounting firm, Grant Thornton, for “changing its mind” about whether Overstock had to restate last year’s financial performance. Well, that’s a load of bunk,...
Arts Reader (Free subscription) | 24/11/2009
If this email is not displayed correctly, please click on the following link or open your browser and paste the link into the address field: http://view.ed4.net/v/M2ZOXX/Q9Q22/6PU2LE/8Z2MC/ Financials Tuesday November 24 2009 FT.com - Financials Recovery reins in distressed property rise More than four-fifths of the world's established commercial property markets saw an increase in distressed real...
Extra Technology News (Free subscription) | 24/11/2009
“Performance.Results.Outcomes.Understanding Impact in Managing Public Finance”International Consortium on Governmental Financial Management (ICGFM) to Host December Conference in Washington DC Alexandria, Va. ( Vocus / PRWEB ) November 23, 2009 -- The International Consortium on Governmental Financial Management (ICGFM) announced today that it will host its annual December Conference from...
gary-weiss.com (Free subscription) | 24/11/2009
It's not every day that you see a filing like this : a letter from Grant Thornton to the SEC, which Overstock.com was forced to file as a disclosure upon pain of being in even worse trouble than it is. In the letter, Overstock's former auditors said that the company lied... and lied... and lied... and lied..... Now, lying by Overstock.com and its wack-a-doo CEO, Patrick Byrne, is no big news. Happens...
White Collar Fraud (Free subscription) | 24/11/2009
To the Securities and Exchange Commission: In my last letter , I detailed how Overstock.com (NASDAQ: OSTK) deliberately concealed a 2008 overpayment to a fulfillment partner that was later recovered and improperly reported as income in Q1 2009. Now Grant Thornton has written a rare public letter to Overstock.com agreeing with me and taking issue with its former client's representations regarding that...
Financial Times (Free subscription) | 23/11/2009
Grant Thornton Hong Kong and the accountant's international network face potentially damaging claims regarding their responsibility in an alleged multi-million dollar fraud committed by a former managing partner
PR News Wire (Free subscription) | 23/11/2009
MINNEAPOLIS, Nov. 23 /PRNewswire/ -- Nice Ride Minnesota, a new non-profit created to bring public bike sharing to Minneapolis, today announces another successful round of fundraising. Augsburg College, Grant Thornton, Abbott Northwestern Hospital, Dorsey & Whitney LLP, Seward Co-op, Wedge Co-op, Equal Exchange, Peace Coffee, Birchwood Cafe, Dero Bike Rack Co. and Aveda have all announced their...
Vietnam Business Finance (Free subscription) | 23/11/2009
The surveyor polled 200 decision makers who are either operating in Vietnam or have interest in Vietnam during the months of October and November 2009. 10.5 percent of people polled in the survey were individual investors, while the others were institutional investors, such as securities companies and law firms.According to Ken Atkinson, General Director of Grant Thornton, the survey shows considerable...
Law Department Management (Free subscription) | 22/11/2009
More readers downloaded my article on value propositions than anything I have posted in my five years of blogging. If you missed it, here it is again. Download Rees Morrison's Value In-House NLJ Meanwhile, an ad by Grant Thornton made...
White Collar Fraud (Free subscription) | 22/11/2009
To the Securities and Exchange Commission: On November 18, 2009, Overstock.com (NASDAQ: OSTK) held conference call where CEO Patrick M. Byrne, company President Jonathan E. Johnson, and CFO Steve Chesnut sought to justify the company's improper treatment of accounting certain errors under investigation by the SEC, the company's firing of Grant Thornton as its auditors, and the company's filing of an...
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