Larry, BDO and ACLNF: Some of the more egregious issues noted by the SEC include the complaint that ACLN, a company that purportedly ships used vehicles to North and East Africa and sells new cars in that region, claimed significant revenue from a new car sales operation that in fact never even existed, claimed to have bank account balances exceeding $117 million when in fact the balances were less than $2 million, created forged bank documents that were provided to its auditors, and does not own the largest physical asset on its balance sheet which, in any event, was significantly inflated in value.
I'm not saying CCME is in any way similar to ACLNF. Just that large international accounting firms can be duped by NYSE traded stocks, even to the point of BDO signing off that ACLNF had $120 million in cash, when they had $1.2 million...a few years back.
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