Accounting Fraud Scandal

Aren't they taking investor money? It would be a huge scandal if they're lying?

wasn’t this mere private company recently in the spotlight for a scandal related to getting a us president elected through manipulation ?maybe you should be holding them to a different set of standards

Reminds me of HP's acquisition of Autonomy.https://www.recode.net/2015/5/5/11562326/hps-5-billion-fraud...

Focusing on peoples' insensitivity allows the company to distract from the bigger point: why do so many people feel this way? Bro was also in trouble for alleged insider trading.

Who's gonna fund a company that just exposed itself as having fraudulent accounting?

It's absolutely schadenfreude! Company appears to have led VCs, investors, and the public, and is actually getting called out for it. Lots of people (myself included) thought the whole thing smelled funny a while back.

I understand where you're coming from, but we need to stick to the facts. If there are no court cases, we can't imply that fraud was committed. We don't know what kind of agreements were in place, why the money was being transferred, or what the expectations were on both sides.We also don't know what was discussed in private. For example, it could have been something like: "We want to be part of this investment opportunity, we'll give you $40 million. But if regu

For context, see https://en.wikipedia.org/wiki/Arthur_Andersen#Enron_scandal, where a similar action all but destroyed the firm.

You're probably right. If so, please don't think any less of the 'hidden' company - they would simply be the one that got caught (a lot of successful companies have pulled of similar stunts).

Assuming that you are permitted to unravel the ruse. If your company's purpose is to suck on the Federal teat, such actions are discouraged. Just look next door at the Theranos thread! For the better of ten years, asking hard questions about Theranos was discouraged.