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by varelse 1655 days ago
So you are stating that the release of the "X is ours" email that started all this was deliberate corporate misconduct by the CEO? I don't even think the SEC insinuated that.

And that the SEC finding a small accounting discrepancy so as to justify the time they put into this investigation is actually an Enron level event?

Got it. We see things differently. You think I'm downplaying what happened. I think you're overstating it just like the media compared them to Enron.

1 comments

No, it was the CFO explicitly calling out that they can't do something and then doing it anyways to deceive shareholders about quarterly costs. That should be obvious.

Just because Enron had massive fraud doesn't make $3.3 million "a small discrepancy", nor is purposefully doing something merely a discrepancy or oversight.

No one compared the insider trading to Enron. The actual accounting issue got them those comparisons.