Saturday, July 11, 2009

To Bidz.com: Thank you for the subpoena and the check, too!

Memo to Bidz.com CEO David Zinberg:

As you can see by the enclosed picture, I gladly accepted a subpoena from Bidz.com to testify in a class action lawsuit alleging consumer fraud by your company.

My research on Bidz.com (NASDAQ: BIDZ) is a freebie for securities regulators to help me try to get into heaven for past crimes at Crazy Eddie, though I doubt I can ever make up for my past evil acts. My blog posts on Bidz.com's inventory disclosures caused the Securities and Exchange Commission to investigate your company.

Therefore, I thank you for the $44 witness check as a small reward for my efforts, since no one else has paid me to research or write about your company. In fact, when a person from my former office told me that your company was trying to serve me with a subpoena and the attached witness check, I quickly took the subway downtown to accept service and your check.

Kindest regards,

Sam E. Antar

Disclosure:

I am a convicted felon and a former CPA. As the criminal CFO of Crazy Eddie, I helped Eddie Antar and other family members mastermind one of the largest securities frauds uncovered during the 1980s. I pleaded guilty to three felonies.

I have no position in Bidz.com securities, long or short.

Other Information:

List of White Collar Fraud Blog Posts (Date Order)

Media Reaction to my Blog

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