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Sunday, April 17, 2022 10:35:34 PM
Famous user of the Yahoo board.
Overwhelmed by the possibility of facing a $1 billion penalty, for the conspiracy to defraud the United States jointly with DOJ attorneys, they are lured by to prospect of huge settlement amount if they join the Secret Plan. Although it's authorized in the law, it prompts the felony of stock price manipulation. It's one of the 6 securities fraud violations that the settlement request is about. The other 5 are:
-SPS increased instead of issued (motive: evade the December 2009 deadline) ;
-Financial statement fraud (the SPS increased for free don't appear on the balance sheet) ;
-Accounting Fraud (a charge on the Income Statement equal to the SPS increased for free, instead of a charge only on the balance sheet - Retained Earnings) ;
-CRT is a scam to misrepresent their financial condition ;
-The Warrant accounting (issued for free, it was credited to Additional Paid-In Capital acct - UST-, when that account isn't to record the windfalls of the UST)
Notice that the total amount required to settle these crimes is $41 billion.
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