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mandjb

06/08/06 12:18 AM

#45938 RE: nelson1234 #45871

Nelson1234:ACLNF Thought you might like this

That was one doozy of a fraud. Check this out for the gory details:

http://www.sec.gov/litigation/complaints/comp17776.htm

The auditor was BDO Seidman, who have been complicit in several frauds.
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researcher59

06/08/06 12:32 AM

#45939 RE: nelson1234 #45871

nelson: A C L N F was a flyer that I remember well .... unfortunately I did not suspect the company was a complete fraud and lost a bundle when the truth came out .... it's shocking that the auditors didn't find out sooner. I have to admit, management was extremely crafty !

Also lost a lot on W C O M in the same year .... trusted Bernie Ebbers, CEO. Glad he's going to be spending some time in the big house.