This hasn't been mentioned in awhile, but maybe the problem lies with the fact all these auditors are under a lot of pressure to make sure 100% these companies are not frauds. In doing so they are requesting a deeper audit into bank statements and business clients. Here is a link to WCTBills showing what a deeper audit could look like.
Now imagine you’re the CEO and DTT comes to you and says, well we are done reviewing your bank statements, but now we want to review the bank statements of all your ad clients, or maybe just the top 10.
Now as CEO you have a problem, you have to get your ad clients to give up to your auditor financial records that they either won't give up, shouldn't have to give up, or will, but it will hurt your future business with those companies.
So as a CEO you would not want to alienate your largest ad clients by requiring them to give your auditor access to their books, so the auditor can make sure everything is on the up and up.
So if the CEO tells DTT that sorry, you saw our books, I'm not going to ask our biggest clients to hand over their books to you (in fear of losing business, because I'm sure most companies would find that very intrusive) then DTT could defiantly feel they could no longer rely on management. From their point of view management is not giving them access to what they need to prove CCME is not a fraud and therefore in their eyes, CCME bank statements can no longer be relied upon.
Now I'm not saying this is what happened, but this is a possibility. The board says go ahead with it and the CEO says no way, I'm not alienating our clients, we gave you full access to our info, that should be enough. Board member disagree and resign knowing all hell is about to break loose.
This is a possibility, right now it seems like everyone is thinking the worst, which is fine, but there are other possibilities of what has been going on.
This scenario does line up also with the fact that the CEO said that DTT didn't find anything significant, and why the STARR lawsuit doesn't have any new fraud charges besides what MW and Citron had stated.
In the end, yes most likely this turns out bad, but all I’m trying to convey is that it might not be as malicious as it all sounds.
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