Eric Savitz, Blogger and Columnist, Barron's

Is BIDZ Inventory Accounting Compliant With GAAP?

March 16, 2008 at 11:42 pm PT

The Bidz.com saga has taken on a new twist today.

Sam Antar, the former CFO of Crazy Eddie, has posted a detailed analysis of the inventory accounting policies reported by Bidz.com–and contends the company is not compliant with GAAP.

Antar describes himself on his blog as “a convicted felon who helped mastermind one of the largest securities frauds uncovered in the 1980s”–his cousin is Crazy Eddie namesake Eddie Antar. He’s transformed himself into a crusader against corporate malfeasance; his blog is called White Collar Fraud.

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Tagged with: accounting, Barrons, Bidz.com, Eric Savitz, GAAP, Sam Antar, Tech Trader Daily

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