Well, you look at it differently, but dear spouse was one point in the career "Director of SEC Reporting" for a $1Billion (yes B) NYSE chemical company, reporting directly to Controller and the CFO (as well as legal). And 1 year they intentionally delayed their 10K and were notified by the NYSE. They had a similar problem as was cited by SIGO, but they already had a target filing date scheduled with their auditors as it was intentional.
That doesn't make them a "SCAM".
Dear Spouse worked on an M&A client $100 Billion year in revenue (yes $100B) foreign corp co-listed on the NYSE, they acquired in a $5 Billion transaction a NASDAQ CO. During the acquisition, they lost $300 Million (yes M), and not operating losses, but the accounting did not match up. The reason was the accounting software of the two companies did not communicate properly and the currency translation did to match up.
Dear Spouse's accounting firm with Dear Spouse had to go find it. The NYSE and SEC noted the discrepancy. The $100 Billion / yr (one of the largest companies in the world with respect to revenue) was instructed to fix the discrepancy. The listed company did so in about six months and amended their filings.
Nobody stole the $300 Million, it was a software error.
Their companies were, nor are "SCAMS".
Sometimes in the world of software and accounting, chit happens.
