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My accounting buddy says 'Material Weakness' is code for accounting fraud. If so, it explains why Andrew Mason and Eric Lefkofsky massively cashed out pre-IPO,
by knowsnothing613 14y ago
My accounting buddy says 'Material Weakness' is code for accounting fraud.
If so, it explains why Andrew Mason and Eric Lefkofsky massively cashed out pre-IPO, and may have left everyone else holding the bag.
- tyrelb 14y agoI'm an accountant. And it is fraud. Andrew Mason is basically a newer version of Bernie Madoff. Except Andrew publicly runs a ponzi scheme... AND overinflates share valuation to pump & dump his shares. LOL. If he and his CFO aren't in jail over this... I don't know what! There goes investor confidence... f me!
- joezydeco 14y agoHey, everyone got a Starbelly t-shirt out of the deal...