Replies to post #66007 on Muscle Pharm Corporation (MSLPQ)

[ID Supermoney]

This makes more sense now after reading why the other company is like MSLP!!

The DOJ had in July charged former Chief Executive Michael Baker and ex-Chief Financial Officer Michael Gluk with a $400 million scheme to defraud investors by inflating the company's earnings.

Prosecutors had claimed the company, inflated earnings by shipping extra products to its distributors at the end of financial quarters, even though the shipments were not for actual orders, so ArthroCare could count the shipments as sales and meet earnings forecasts.

I can see this happening here as well!!



GLTA


ID