• FiniteBanjo@lemmy.today
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    6 months ago

    You have to lie to clients/customers by saying you comply with with PCAOB standards, fabricate audit reports for over 500 companies while actually failing to conduct real audits, resulting in a negatively affected 1,500 SEC Report filings.

    This usually includes things like Annual SEC Filing 10-K reports and Quarterly 10-Q reports, both watched heavily by investors.

    • Blackmist@feddit.uk
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      6 months ago

      All the other companies that paid these shysters to lie about their accounts are looking pretty sweaty right now.

      Each and every one of them knew what was going on, and every single one will now lie about it.

      Jail them all.

      • FiniteBanjo@lemmy.today
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        6 months ago

        TBH a lot of them probably reported the red flags right away, since with 500 companies you could generate that many reports in 1 to 3 quarters, meaning this decision came comparatively quickly to your average court proceedings.