Plastic2Oil Inc (PTOI)

[Rawnoc]

DOMK had the media credits listed on their balance sheet as $10 million because they paid for them with $10 million worth of stock. JBII incorrectly transferred them to their own balance sheet using reverse merger shell accounting. Technically JBII was no longer a shell at that second even though they were a shell 2 months before.

This is considered an ERROR (not fraud) and is very common. For example:

"Restatements related to acquisitions and investments more than doubled in 2005. Common errors included improper purchase accounting for business combinations. Some companies used the equity method of accounting for investments that they should have consolidated, and vice versa."
http://www.allbusiness.com/professional-scientific/accounting-tax/4058358-1.html