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February 3, 2010
 
 
Award-winning, former LA Times journalist William Lobdell teams up with FDI to launch investigative online news operation, iBusiness Reporting,
to report on business corruption and fraud.

Click Here to access ibizreporting.com
 
 
 
 

Does FDI's work matter? Feds shut down $20 million ponzi scheme with help of undercover work from FDI. Click Here for the article.

 
 
 
January 14, 2010  


Lennar (NYSE:LEN) fails to pay state tax lien of $88,000 at the same time they await a 320 million dollar federal tax refund.  Lennar, a walking contradiction. Click Here for press release. Click Here to see the tax warrant.

FDI also points out the recent, record stock option gifts given to certain Lennar (NYSE:LEN) executives at the same time the company stacks up losses.  See below for for chart of recent, 2009 stock grants or Click Here for a larger version.



 

 
   
January 8, 2010  
Medifast

 

Barry Minkow Writes Open Letter in Response to Medifast Accusations.

Click Here to read the letter

>> Multi level marketing expert releases new findings on Medifast, Inc. (NYSE:MED): calls company a "consumer pyramid". Click Here for unabridged report.

Expert: "Under the Medifast's (NYSE:MED) chain letter pay plan, the great majority of the coaches can never reach the tantalizing income lures that are used in Take Shape for Life's promotion". Click Here for Press Release.


>> FDI Responds to Medifast "independent investigation" of past findings.  Click Here for Press Release on rebuttal.

Through the utilization of the fraud technique of diversion, Medifast (NYSE:MED) misleads the public in public response to critic.  Click Here for the Medifraud web site.

 
   
December 16, 2009  

InterOil's (NYSE:IOC) Senior Manager for Media Relations
sends email threats to FDI Co-Founder

FDI demonstrates that InterOil (NYSE:IOC) selectively excludes certain issued press releases from regulatory filing.

Click Here for the Press Release issued by FDI.
Click Here for the supporting documentation.
Click Here for the email threats

 
   
December 14, 2009  

FDI challenges three month, 132% increase in InterOil Corp's (NYSE:IOC) stock price by demonstrating sleight of hand in recent press releases...

-- Has InterOil any discovered resources?  Not even close.
-- Has InterOil seen an earnings increase that justifies their 3 month, 132% stock price increase in the midst of a world-wide recession? Not even close.
-- Have analysts been objective in their ‘hype' of InterOil?  Not even close.
-- Is Wall Street still willing to believe the hype of this oil and gas exploration company? Close enough.
-- Has InterOil used the technique of diversion and slight of hand to fool Wall Street?  Close enough.
-- Does InterOil have any confirmed resources?  Not close enough.
-- Does InterOil refine any of their own gas or oil? Not even in the ballpark.
-- Is this company nothing more than hype?  Dead on.

InterOil Corp's (NYSE:IOC) investors duped into believing company has discovered and certified resources in Papua New Guinea.

Click Here for the Press Release.

 
   
October 7, 2009  

Fraud Discovery Institute, Inc. unveils “PayDirt”, an investigative documentary about America's 2nd largest homebuilder, Lennar Corporation - Click Here for PayDirt site.

PayDirt' promises to bring unparalleled evidence of fraud and misrepresentation at Lennar Corporation (NYSE:LEN)
Click Here for official press release announcement of "PayDirt".

 
   
October 2, 2009  

Prepaid Legal, Inc (NYSE:PPD) releases Q-3 09 numbers; shows the company's key metric, membership fees, down 1.5% while total new memberships decline 7% >> Click Here for expert’s summation and press release.

Q-3 numbers reveal 85% of PPD's salesforce quits or fails to make even one sale annually; 2% of salesforce makes 10 or more sales annually.

 
   
August 13, 2009  

Geologist's report reveals depth of deception at InterOil's Antelope-1 well: Ponzi scheme.

FDI releases 63-page report on Antelope-1, the first in a series of reports to include the Elk wells.

Click Here
for full report and introduction. Click Here for press release.

 
   
August 10 , 2009  

Does Terrell Herring, President and COO of inVentiv Health, Inc. (NASD: VTIV) possess MBA from Diploma Mill, a crime in the State of New Jersey? FDI says yes! Click Here for breaking release.

NJ statute NJ.S.A. 18A:3-15.2 explicitly states that any use of a diploma mill degree in the context of business setting is illegal. Click Here for supporting documentation including letter FDI wrote to the New Jersey State Attorney General.

 
   
July 2, 2009  

Pre-Paid legal, Inc (NYSE:PPD) Recruitment of Associates for the first two quarters of 2009 down over 23% from the same period last year. Click Here for just-released FDI Press Release.

Critical recruitment of company's sales force dropped 22% and enrollment of new customers dropped 9% over a year before, yet stock price was artificially pushed upward in Q-2 09 with the company's re-purchases.

 
   
June 26, 2009  

“Multiple offerings totaling over half a billion dollars plus ‘we found oil' press releases equals Ponzi every time.” Click Here for Press Release; Click Here for detailed summary of IOC offerings and press releases from 2003 to 2009. Click Here for www.internooil.com.

“Are the recent Dow Jones allegations of possible fraud and material misrepresentation at InterOil, Corp (NYSE:IOC) a test case for law enforcement?”  Click Here for Press Release.

 
June 8, 2009
Medifast

Former SEC Division of Enforcement Attorney letter sites possible stock touting of Medifast (NYSE:MED) stock by company's single-officed, New Jersey based, independent, outside auditors through their alleged independent investment entity.

Click Here for Letter from Expert. Click Here for undercover operation pictures of accounting firm.
Click Here for Press Release. Click Here for the entire investigation at www.medifraud.net.

 
May 27, 2009  

New, filed law suit and sworn deposition testimony accuse Lennar (NYSE:LEN) and its CEO Stuart Miller of conspiracy to defraud.

FDI releases recently uncovered secret Lennar plan, orchestrated by its senior management, to defraud joint venture partner; outlines multiple misrepresentations.  Click Here for FDI summary report. Click Here for Press Release. Click Here for Special YouTube video. Click Here for updated www.lenn-ron.com web site.

 
May 22, 2009  
Medifast

Non Profit Consumer Advocate Group teams up with FDI; files formal complaint against Medifast, Inc (NYSE:MED) with law enforcement. Click Here for letter.  Click Here for press release. 

COMING SOON - - FDI to roll out You Tube video interviews of past Medifast, Inc (NYSE:MED) “coaches”who enrolled in the business opportunity only to conclude it was an endless chain.