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According to the Dow Jones Newswire, GE is paying a fine of $50 million due to misleading investors on financial statements. They used accounting methods that altered the reported earnings and revenue to avoid showing investors negative results. Read the full report here.
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According to Dow Jones, coupon fraud has increased significantly over the past year. With the jump of 7 cases of coupon fraud in 2007 to 93 cases in 2008, companies are loosing over $3 million a year due to counterfeit coupons. Some techniques used to make fraudulent coupons: reprinting in-store coupons, smudging bar codes and extending expiration dates. Read the full report here.
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