Decision Diagnostics Corp (DECN)

[Leirum]

Here from a post from S some weeks ago.


This particular thread has become ridiculous. First of all the SEC never got involved in that Access Healthnet case so how bad could it have really been? It was lawyers and their strike suits lead by the king of strike suits, Willy Lerach, who later went to jail himself. At the end there were three who were forced to pay: 1) the hedge fund major shareholder who was guilty of stock manipulation, pumping on the way up, shorting on the way down, while running Access Healthnet as Chairman and CEO, forcing out the founders, the officers and directors, naming his own directors, and who copped to that stock plea and was bailed out by his insurer; 2) the auditing firm where in the middle of an annual audit, the auditing partner left his firm in return for a $500,000 bonus and joined Access Healthnet as their Executive VP and CFO. The auditing firm's insurer paid their judgment, the largest payment in the case, and the newly minted Executive VP and CFO lost his CPA license when his junior partner at the CPA firm became whistle blower, and 3) the only person who went to jail was an investment manager from Beverly Hills, CA who raised money for Access Healthnet under the formula of one for me and one for them, two for me and one for them. This fellow's case made headlines for a couple of weeks because his scheme involved many companies and was ingenious. He would hire assistants that were sick with AIDS, which was fatal in those days. Cases move slowly and with people who were known to be dying of AIDS as his insurance plan, there was nobody that could testify against this fellow. He copped a plea and spent 4 years in the big house.

I can find nowhere, and my partner and I looked closely, pulled records etc. where that Mr. Berman was held accountable for anything. My partner believes that Mr. Berman was not at the firm when the bad stuff happened, having been fired with the other officers and directors. It also appears that the Mr. Garber mentioned was not held accountable either. There were other involved in the conspiracy but that is for a later time. Those other people involved will make for human nature stories.

Be careful what you read on an Internet board.