Sec backdating

SEC Settles Options Backdating Case Against Ryan Ashley Brant, Former Chief Executive Officer and Chairman of the Board of Take-Two Interactive Software, Inc.; Relief Includes Injunction, Officer-and-Director Bar and Over $6 Million in Civil Penalties, Disgorgement, and Prejudgment Interest (SEC v. The SEC, under attack last week for its Goldman lawsuit and porn allegations, late Friday finally had a victory to celebrate. Carl Jasper, the former chief financial officer of Maxim Integrated Products was found liable for securities fraud in a stock-option backdating lawsuit filed by the SEC’s San Francisco office, according to Bloomberg. SEC seen mulling penalties for backdating Commissioners and staff weighing whether companies and shareholders were hurt by backdating options. March 8 2007: 7:53 AM EST. The SEC decided to look into the issue of backdating option prices, and by mid-2007 more than 140 companies were under investigation. The companies involved range from the low-tech to the high-tech, from the start-up to the well-established. The SEC brought no backdating cases prior to 2006. The practice of options backdating, apparently widespread from 1996 through 2002, is widely believed to have been short-circuited by the enactment of Sarbanes-Oxley in 2002. Options Backdating: The process of granting an option that is dated prior to the date that the company granted that option. In this way, the exercise price of the granted option can be set at a ... According to the SEC's complaint, they went so far as to create a secret slush fund by making backdated options grants to fictitious employees, and later used those options to recruit and retain key personnel. To hide the backdating scheme, they also allegedly altered corporate records and lied to the company's auditors. Exercise Backdating: A practice where option holders fraudulently claim to have exercised their call options at a specific time in the past, where in reality, the options were exercised much later ... Prompted by the Mercury case and other SEC investigations, the Wall Street Journal (WSJ) ran a big story on the issue of backdating on November 11, 2005 (available here). In a follow-up story, I supplied the WSJ with data that allowed it to identify six companies as possible backdaters (available here ). Backdating itself isn't illegal, but not telling the SEC or stockholders about it is considered securities fraud. Heinen has denied the SEC's accusations — and Anderson, who was essentially charged for being asleep at the wheel while the backdating occurred, has claimed Jobs was informed about the implications of backdating.

WHITE AND RED LIGHT FIRMWARE ISSUE

2020.06.21 06:09 Antcent WHITE AND RED LIGHT FIRMWARE ISSUE

Hello reddit. I have never made a post on here before but this one will be an angry one. I bought these bose NC 700s maybe a month ago? And I love them. However, i do NOT love them as of right now. So a few days ago i noticed that when i turned on my headset after charging it all night, it just turned on, blue light and bottom charging light flashed for a sec, and then it turned off again. At first, i was like, ok, maybe the charger wasnt plugged in all the way last night. So i let it charge for a whole day again, not messing with it. Later that night, i decided to turn the headset on again, same shit. A few days of frustrated charging, browsing bose forums for an answer, and i dont get ANY help correlating to my problem. Right now, the bose NC 700s are just flashing white and red at the bottom of the right ear cup, EVEN WHEN ITS NOT PLUGGED IN!
I saw on a bose forum post that someone said that its a firmware issue, or even a battery issue. But this shit i just infuriating, i paid like 400 dollars for these headphones at the time? and now after a months use they just brick up and dont even turn on? I followed every "solution" the forum admins have given to other people with the same issue, and just like them, it didnt fix my headphones whatsoever. So here I am, with a pair of useless ass 400 dollar headphones, to say the least im super disappointed, my previous quiet comforts NEVER had a problem like this, and i used them for over TWO years. Rant over. Anyways, i saw on a forum post that a guy was able to get his headphones working again by backdating the firmware to 1.3.1? Is this true? If so, how do i do this? Because i tried updating through my pc, said its already at the newest version. I really appreciate any help, because of course i cant call their stupid hotline right now. Ive held the power button, ive tried resetting the headset, ive tried updating, ive followed every guideline on the website. Help! Please!
Cheers! - an angry customer
submitted by Antcent to bose [link] [comments]


2020.06.04 03:07 Nexus6P64 [ILLINOIS] has anyone had the Program Eligibility Pending 6/3/2020 Adjudication what does this mean and how long before this was completed and you received your PUA money

UPDATE: 6/16 2:35 am
First try this
PLEASE: call early IDES keep trying like your life depends on it and I am sure it does for all of us.. don't give up!! you got this I know you can do it....
i really do appreciate all your help so much your saving my life. :)
[ you need to sell yourself to them and thank them for their help, don't be shy its your life and your money]
please help me to get all my weeks certified please...
(some instructions below from u/dabva (thank you) to what his experience was with the docs)
They said that to get my regular UI claim going that I would need to FAX in my (they could not see any of the documents that were uploaded to PUA):
MAKE SURE ALL YOUR DOCS YOU UPLOAD AND FAX HAVE YOUR CLAIMANT ID# ON THEM (Thanks to u/Hmkillz) I got through at 12pm 1pm 2pm and 3pm. Morning never worked for me. Dial 1,2,2,1,1 uploading my email for help to reg IDES Upload page here: https://www2.illinois.gov/ides/pages/Submit-Filing-Documents.aspx this might of helped...
For type of Document I used "Other" "Identity Verification" and "Proof of Earnings" as reason for upload document. I must of uploaded my docs email etc everyday asking for help.. so I am not sure what worked but something of all these things did work.
  • DL and SS-card
  • 1099's (or yearly summaries) for Uber and Lyft (for 2019, depending on your start date)
  • weekly/monthly summaries for 2020
  • Hopefully this will be the end of this! (I would give them all 2018 as well if you have them)
From Me u/Nexus6P64 to everyone.... things I have done to get results...
  • I've faxed the letter I wrote to the senators Illinois state reps alderman etc..
  • I included the letter in my documents and pay statements faxed to IDES.
  • I also faxed the letter by itself to all the fax numbers.
  • cover letter was ATTENTION: IDES / ADJUDICATION DEPT
First and Last Name Claimant ID PUA :xxxxxxxx Claimant ID Reg UI:xxxxxxx
  • then claimant ID's
my name first and last name
short description
need to talk to adjudication dept I work for Uber / Lyft need to switch to reg UI Per PUA dept if you uber driver or lyft driver..
  • Fax numbers I used:
  • 1 312-338-6985
  • 1 630-645-3725
  • 1 312-793-0940
  • 1 217-557-4934
  • I must of faxed these numbers each day... all my docs with cover letter and my letter asking for help
  • here is just a couple days of faxes, https://imgur.com/a/PdHuaTN
  • there was plenty more I faxed.. used HelloFax.com
  • https://app.hellofax.com/info/pricing
  • there is a free trial for a month up to 300 faxes, I signed up got free trial and canceled the free trial same day, it stays active for the 30 day trial so you don't have to think about canceling later...
  • https://imgur.com/a/PdHuaTN
  • just one of the Letters i received back from my emails to state reps. etc
    • THIS IS JUST ONE GOT PLENTY FROM A LOT OF STATE REPS AND ALDERMAN
  • they want to help, you just need to think out of the box and blast away...
  • FAX EMAIL FAX EMAIL OR IF NO FAX JUST EMAIL 2-3-4-5-6- a day.... find new people to try and help you..
  • Email below was after I was already approved and switched, but I'm going to email back everyone and say thanks for helping to get it done thank you so much I will support you when on my feet again thanks :)
Hi Nexus6P64,
Thanks for reaching out. I'm sorry that you're having issues accessing unemployment benefits.
I just sent your claim info over to my contact at IDES who can get a caseworker to call you directly. As you can imagine, they're dealing with a big backlog of cases, so thanks in advance for your patience. I'll keep working to make sure they reach out to you as soon as possible. I recommend keeping your phone nearby and answering even if the number is unfamiliar.
Thanks again!
Kieran Fitzgerald Chief of Staff
Office of State Rep. Greg Harris 13th District 1967 W. Montrose Ave Chicago, IL 60613
  • small update 6/16 3:09 am
Letter I just sent to every senator, state rep, mayors, alderman's, etc That I had emailed for help..
Dear Senator state rep Mayor Alderman or whom ever name etc...
I wanted to thank you for all your help and time spent.
Today was my Lucky day I guess and I am finally getting resolved.
I totally appreciate you and all that you do for all of us…
Once again I want to Thank You from the bottom of my Heart for all your help.
I am a supporter and will support you more as I am starting to get back on my feet again..
Please stay Safe!
Wishing the best of Luck to you and your Family..
Sincerely,
u/Nexus6P64
  • BELOW IS THE LETTER I SENT to state reps and IDES... Emailed and Faxed to all the numbers
  • PLEASE USE YOUR OWN WORDS IN WRITING (THIS IS MY EXAMPLE) just be nice
To whom it may concern,
My Name is xxxxxxxxx
My address:
xxxxxxxxxxxxxxxxxxxxxx
Chicago, IL xxxxxxxxxxxxxx
This is my PUA information :
First and Last name
Claimant ID: xxxxxx
This is my IDES information:
First and Last name
Claimant ID: xxxxxxx
I am xx years old male / female , I live with 2 elderly people or kids wife etc. and have been out of work due to Covid-19 beginning Feb 2020.
I have applied to IDES Unemployment and was denied since I am considered sole proprietor / Self Employed So I then waited till 05/11/2020 to apply for the PUA Pandemic Relief as Gov Pritzker suggested..
I have yet to receive any benefits and yet to talk to someone.
I tried called over 2800 times.
I get hung up on, line is busy, waiting hours 5-6-8 hours on the phone and calling and calling to find out what Else I may need to submit. ?? N/A
I’ve uploaded my Social Security card, my Driver’s Lic, Taxes my payment statements from Uber and my Schedule C for my part time work that I do.
I still see all my certifications days as pending issues with no explanation what the issue is?
I don’t know how long I can stay afloat with no money, I have tried to fax numerous numbers I have found online for IDES and for the PUA website with no luck...
I have sent numerous emails to IDES and I get no responses and no help.
I am on my last few dollars and have no where to turn. I don’t know how I can keep up to pay any bills since I can not work in fear of getting infected due to covid-19 and spreading it to the elderly people I live with.
I do not want to get the elderly sick and have that on my shoulder if they were to pass away.
I do not know whom I can write to get someone from the PUA Dept or IDES to approve my claim so I may get some money to pay bills and stay afloat till things get better.
  • PLEASE HELP ME, PLEASE
Sincerely.
first and last name
your phone number(s)
your email address

  • If you have not sent emails and faxes start today, email fax call IDES do what you can for yourself cause as you see they are not going to help you unless you help yourself..
  • do not take NO for an answer keep calling - keep faxing - keep uploading your docs to PUA and REG IDES
  • keep keep keep trying please do not give up..
  • you guys and gals are like family now.. Reddit has shown me there are so many Good People Willing to Help!
    • But you need to take the Ball and RUN.. if you fall get back up and run some more till you get the GOAL... TOUCH DOWN or whatever you want to call your Success ---
  • it equals your Life and your Money.....
  • I love you all!!!!
  • Please take this info and use it... I swear it will help you and stay positive keep pushing you will get paid
Sincerely,
u/Nexus6P64
Thank you all and I am here if you need me
  • Please just ask
I pray every day and Night you all get yours as well. ❤🙏
UPDATE: 6/13/2020
  • Just went back to my uber partner login and see latest updates on 2019 monthly statements and yearly statements, the other ones I downloaded back in march, April, may were different since I had uploaded those for tax purposes and for UI claims
  • So i suggest you go look if you have printed your old ones and see it has a code under your name now that was not there a couple weeks ago check it out in these images https://imgur.com/a/hkMfsHa
  • NOTE: maybe uber is putting these codes in for UI Claims to verify you were actually working for them so maybe if you have not been paid please re-download your new ones and fax those over as well or when called fax those instead of your old summary
(I still am waiting on a call back to get paid just fyi)
UPDATE: 6/4/2020 now I am going backwards, all say pending issues and all the figures that showed the extra 600 are gone FUUUUUUUUU#@##@ Im so so pissed off at Illinois I am going to get my stuff together in the next year or 2 and move out of Illinois I hate this place Highest taxed State and Chicago is so ridiculous... other states are just paying people correctly and in a timely fashion. Seems Illinois is messing around with the PUA money for Uber and Lyft Drivers. this is a shame they spent 22 million for the new decrepit PUA website and all the employees getting paid more an hour (YES ! HOUR WAGE) than what some get paid a week on Unemployment SHAME SHAME SHAME
NEED YOUR HELP PLEASE:
i filed PUA 5/11/2020 tried calling thousamds of times never got a call back or spoke to anyone.. Finally pending Hold goes to Pending Issues 1 issue was identitiy I uploaded Social sec card front and back Now I got this
  • I've just received today 6/3/2020
  • Under> Issues and Determinations this is the issue below: ID: 0000 xxxxx xxxx Program Eligibility Pending 6/3/2020 Adjudication
it doesn't say anything else inside when I click on the ID number. What do I have to do or do I have to respond? All certifications went from payment hold to payment issue I already uploaded my Social security Card photo front and back is this just waiting for someone to approve my claim now?
has anyone had this issue and how long before it was resolved.
thanks for replies I am so far behind on my car payments and bills etc I just hate this system
thank you all for your replies in advance
submitted by Nexus6P64 to Unemployment [link] [comments]


2020.04.16 19:51 LivingInLosAngeles [California] Comprehensive EDD Unemployment Thread

PLEASE read all of the updates/FAQ/comments before asking your question. It has likely already been answered.
I thought it might be helpful to give a run down of the FAQs and what we know right now
Necessary Disclaimer: I am not an employee of EDD. I have gathered all this information from public sources: The USDOL guidelines UIPLs 15-20 thru 17-20, The EDD website, and the CA Secretary of Labor: Julie Su.
Updates for the EDD as of May 14, 2020
Still have limited internet, but there has just been an announcement for the beginning of PEUC (May 27) as well as the next phase of PUA where applicants can apply for more than 167/week. Read more here:
Updates for the EDD as of April 30, 2020
New info for those who have exhausted benefits can be found here: https://edd.ca.gov/About_EDD/pdf/news-20-15.pdf
Updates for the EDD as of April 28, 2020
PUA application is live.
Julie Su acknowledges the lack of addressing the PEUC has been an issue and is doing her best to give a timeline.
There will be a Facebook live update on May 1 at 2pm, there will be a delay for me to update this page because I will be in the middle of a 11 hour drive at that time. If you want to watch it yourself, you can go here: https://www.facebook.com/CALaborAndWorkforceDevelopmentAgency/posts/142492377319795
Updates for the EDD as of April 24, 2020
Still nothing on PEUC. We are hoping to learn during the next FB Live on Monday, but nothing is certain right now.
What if I am serving penalty weeks?
You will not be eligible for UI. HOWEVER, you are NOT being left out of benefits. You will be sent a notice with instructions on how to apply for PUA instead. DO NOT apply right when PUA opens on April 28. Wait until you receive the notice.
Will I need to submit documents for PUA?
You will NOT need to submit any documents up front for PUA. You just have to self-certify what your income has been. You may be requested for documentation later to prove the income level you self-report on your application. Annual tax returns, any 1099s, any W-2s if you have them, paystubs, any other documents that will demonstrate your income will be the documents they will use.
What if I don't know what I qualify for?
When PUA opens, you will apply on UI online and there will be a series of questions that will let you know which you are eligible for. If you already applied for UI, it is looking more and more like you will have to reapply on April 28. It will be the fastest way to get you your benefits.
Updates for the EDD as of April 28, 2020
PUA application is now live
EDD has released an application guide here: https://unemployment.edd.ca.gov/guide?fbclid=IwAR3V0haebr0umQFL3wtUBQQipfDiUd5h-TcCJcMDFMOV2IKDkR21LjIDzpI#benefits
No PEUC Update yet. California Labor and Workforce Development Agency says "To those needing an extension, we hear you and are working on it. More updates soon."
Updates for the EDD as of April 23, 2020
Based on the persistent inability of claimants to access the UI OnlineSM system during this time period, if your UI benefit certification form has dates for weeks ending March 14 through May 9, you do not need to certify or recertify for UI benefits. For these weeks, this means:
After you initiate your UI claim and are determined eligible, you do not need to provide any certification for your first benefit payment or continuing biweekly payments. You will automatically receive your benefits, unless you have an existing disqualification or pending issue. You will be required to provide information to the EDD if you worked during any of these weeks. The failure to provide the EDD with information that you worked during these weeks may result in an overpayment that the EDD must later recover.
Updates for the EDD as of April 20, 2020
From the FB Live update:
She has seen all the penalty week questions but she needs time to get back to you
13 week extension is a high priority but it will not be covered today.
First day of extended hours, she knows people are not getting through. She knows it is unacceptable. She is working on it.
FOR UI:
You do not have to use PTO before applying for UI.
If you are still working full time, even if you have lost income, you are not eligible for UI.
If you are faxing or mailing applications, it does take longer than the UI online.
FOR PUA:
Self-declare income for 2019, automatically be eligible for the minimum of $167/week to get payments out as quickly as possible. To get a higher payment, you will have to substantiate your income. Once you do that, they'll pay out the higher amount retroactively.
You will have to certify every 2 weeks that you are out of work due to covid-19, similar to UI.
If you meant to apply for PUA, but applied for UI instead; there will be no penalty. If they can, they will transfer the info into the new PUA application, but it is likely you will have to reapply in PUA for faster payment.
Updates for the EDD as of April 16, 2020:
Starting Monday, calling hours will be 7 days a week from 8am to 8pm.
The PUA form will be active starting April 28, with the first payments to be received by April 30.
FPUC will only go to the week ending July 25
Updates for the EDD as of April 14, 2020:
Hundreds more employees, working 6a-8pm, even weekends.
Call center hours will be increased dramatically by the end of the week.
EDD is also planning on having charts/FAQs by the end of the week.
BOA is working to meet the demands of the debit cards
Processing and paying out unemployment benefits can take 3 weeks from start to finish under normal time, if it has not been 3 weeks since you applied; do not panic.
PUA application is currently being worked on and has an ETA of 2 weeks from now.
One of the biggest questions I see is:
I applied for UI and received a notice saying I made $0 in wages- What does that mean?
  1. There may be a mistake in earnings reported by your employer
  2. You were paid as a 1099 contractor, not an employee.
If you were correctly classified as an independent contractor, you qualify for PUA and should go through that.
Now, speaking of PUA... on to some more CARES act things:
Pandemic Unemployment Assistance (PUA) Aka unemployment for self-employed, independent contractors, etc
Is there an ETA?
They are currently setting up an application where you can go on the UI online portal and self-certify for PUA and get the payments within 24-48 hours after applying. THIS IS THE GOAL. Currently, it takes 3 weeks for normal UI claims to be processed. So PUA will be a much faster process.
How much support will I get?
The amount of PUA is calculated based on what you made, to a maximum of $450 just like UI. HOWEVER the PUA provides for a weekly minimum which is $167/week. This is why they believe they can pay out quicker than normal UI: because they can pay out the minimum and figure out the remainder later if you qualify for more.
Will it be backdated?
Yes, you can collect payments back to the week starting February 2, 2020.
Who qualifies?
The self employed, independent contractors, those who aren't eligible for normal UI-- such as regular employees who have not made enough to qualify for normal UI... as long as your income was negatively affected by COVID or you had COVID or you had to care for a child with COVID... basically if COVID ruined your life, you're eligible.
What if I already applied for regular unemployment?
The PUA will be a separate application that will pay out much faster. If you are ineligible for UI it is likely that the reapplication will be necessary (and it would behoove you to reapply since the process will be faster). If you believe you were misclassified as an IC when you're actually an employee, applying for PUA will NOT make you lose your rights to regular UI, per the CA Sec of Labor, but it will get you paid faster.
Federal Pandemic Unemployment Compensation (FPUC) Aka the extra $600 each week
Do I qualify?
If you are eligible for at least $1 per week in regular UI, PUA, or any sort of extended benefits program such as PEUC, you qualify for the FPUC. For example, if you receive PUA in two weeks, and it's backdated to February, you will be able to collect the FPUC for all the weeks starting after March 29.
When will I get this money?
You should be receiving this as of this week
How long will I get this money?
It is only available for March 29 - July 31st.
Pandemic Emergency Unemployment Compensation (PEUC) Aka the 13 weeks extended benefits for exhausted claims
This has had the least amount of information posted about it; it was the last of the programs to be outlined by the USDOL in UIPL 17-20, so likely the last to be implemented statewide... and the DOL directives website is currently down so I can't double check any of this stuff. Feel free to correct if there's something wrong here.
Who qualifies?
Those who have exhausted their regular UI benefits.
How much will I receive?
You will receive the same amount as your original UI benefit weekly claim.
When will I get these payments?
We do not have a set date right now. Hopefully we will be able to receive this benefits around the same time PUA is implemented in two weeks, but there is no announcement on this front as of April, 14, 2020.
Will it be backdated?
The PEUC is only available between March 29, 2020 through the end of 2020. So the 13 weeks would only be applicable during this time.
Contacting EDD
MENU ITEMS HAVE CHANGED. NEW METHODS ARE CURRENT AS OF 5/11/2020
Call (833) 978-2511, hit 1-1 right away (yes, 1 twice), if you hear "thank you", you need to call again. If you hear a woman say something else, you're going to be put on hold with music.
Update for the 800 number: There is a new annoying message you seem to have to listen to in order to get to the menu options
Thanks to u/Twosocksinspace and u/tweak8 for this update on contacting EDD:
I called 1-800-300-5616. When the menu options came up I dialed "1" for English and then 6-5-1-4. I did NOT dial the SSN.
Using that method I got through to someone TWICE today. Here is the thread that u/tweak8 shared.
https://www.reddit.com/Unemployment/comments/g5abk6/california_getting_in_contact_with_a/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
The new 1-833-978-2511 that was set up that is open from 8am - 8pm is only for GENERAL information. If you have specific information about your claim, such as reversing a disqualification or getting an update, this is not the number to call.
General Unemployment FAQ
Here's a complication of the most asked questions in this thread.
Where is my EDD Debit card?
Your EDD Debit card should be mailed to you automatically. Has it been 3 weeks? If so, you should call BOA. They can make sure it's on its way or issue you a new one.
Do I have to say that I'm working for work even though we're in the middle of a pandemic?
According to EDD, they have changed the system to allow for people to answer that they are not currently looking for work.
Am I eligible for partial benefits?
The formula is (the amount you earned) minus (25% of the amount you earned, or $25 whichever is higher). Then take that number and subtract it from your weekly benefit amount. If the amount is positive, that's the amount of partial benefits you'll receive. If the amount is negative, you won't receive any benefits that week.
submitted by LivingInLosAngeles to Unemployment [link] [comments]


2020.04.15 05:52 WorkingActorInLA Comprehensive EDD Unemployment Thread

PLEASE read all of the updates/FAQ/comments before asking your question. It has likely already been answered.
I thought it might be helpful to give a run down of the FAQs and what we know right now
Necessary Disclaimer: I am not an employee of EDD. I have gathered all this information from public sources: The USDOL guidelines UIPLs 15-20 thru 17-20, The EDD website, and the CA Secretary of Labor: Julie Su.
Updates for the EDD as of April 24, 2020
Still nothing on PEUC. We are hoping to learn during the next FB Live on Monday, but nothing is certain right now.
What if I am serving penalty weeks?
You will not be eligible for UI. HOWEVER, you are NOT being left out of benefits. You will be sent a notice with instructions on how to apply for PUA instead. DO NOT apply right when PUA opens on April 28. Wait until you receive the notice.
Will I need to submit documents for PUA?
You will NOT need to submit any documents up front for PUA. You just have to self-certify what your income has been. You may be requested for documentation later to prove the income level you self-report on your application. Annual tax returns, any 1099s, any W-2s if you have them, paystubs, any other documents that will demonstrate your income will be the documents they will use.
What if I don't know what I qualify for?
When PUA opens, you will apply on UI online and there will be a series of questions that will let you know which you are eligible for. If you already applied for UI, it is looking more and more like you will have to reapply on April 28. It will be the fastest way to get you your benefits.
Updates for the EDD as of April 23, 2020
Based on the persistent inability of claimants to access the UI OnlineSM system during this time period, if your UI benefit certification form has dates for weeks ending March 14 through May 9, you do not need to certify or recertify for UI benefits. For these weeks, this means:
After you initiate your UI claim and are determined eligible, you do not need to provide any certification for your first benefit payment or continuing biweekly payments. You will automatically receive your benefits, unless you have an existing disqualification or pending issue. You will be required to provide information to the EDD if you worked during any of these weeks. The failure to provide the EDD with information that you worked during these weeks may result in an overpayment that the EDD must later recover.
Updates for the EDD as of April 20, 2020
From the FB Live update:
She has seen all the penalty week questions but she needs time to get back to you
13 week extension is a high priority but it will not be covered today.
First day of extended hours, she knows people are not getting through. She knows it is unacceptable. She is working on it.
FOR UI:
You do not have to use PTO before applying for UI.
If you are still working full time, even if you have lost income, you are not eligible for UI.
If you are faxing or mailing applications, it does take longer than the UI online.
FOR PUA:
Self-declare income for 2019, automatically be eligible for the minimum of $167/week to get payments out as quickly as possible. To get a higher payment, you will have to substantiate your income. Once you do that, they'll pay out the higher amount retroactively.
You will have to certify every 2 weeks that you are out of work due to covid-19, similar to UI.
If you meant to apply for PUA, but applied for UI instead; there will be no penalty. If they can, they will transfer the info into the new PUA application, but it is likely you will have to reapply in PUA for faster payment.
Updates for the EDD as of April 16, 2020:
Starting Monday, calling hours will be 7 days a week from 8am to 8pm.
The PUA form will be active starting April 28, with the first payments to be received by April 30.
FPUC will only go to the week ending July 25
Updates for the EDD as of April 14, 2020:
Hundreds more employees, working 6a-8pm, even weekends.
Call center hours will be increased dramatically by the end of the week.
EDD is also planning on having charts/FAQs by the end of the week.
BOA is working to meet the demands of the debit cards
Processing and paying out unemployment benefits can take 3 weeks from start to finish under normal time, if it has not been 3 weeks since you applied; do not panic.
PUA application is currently being worked on and has an ETA of 2 weeks from now.
One of the biggest questions I see is:
I applied for UI and received a notice saying I made $0 in wages- What does that mean?
  1. There may be a mistake in earnings reported by your employer
  2. You were paid as a 1099 contractor, not an employee.
If you were correctly classified as an independent contractor, you qualify for PUA and should go through that.
Now, speaking of PUA... on to some more CARES act things:
Pandemic Unemployment Assistance (PUA) Aka unemployment for self-employed, independent contractors, etc
Is there an ETA?
They are currently setting up an application where you can go on the UI online portal and self-certify for PUA and get the payments within 24-48 hours after applying. THIS IS THE GOAL. Currently, it takes 3 weeks for normal UI claims to be processed. So PUA will be a much faster process.
How much support will I get?
The amount of PUA is calculated based on what you made, to a maximum of $450 just like UI. HOWEVER the PUA provides for a weekly minimum which is $167/week. This is why they believe they can pay out quicker than normal UI: because they can pay out the minimum and figure out the remainder later if you qualify for more.
Will it be backdated?
Yes, you can collect payments back to the week starting February 2, 2020.
Who qualifies?
The self employed, independent contractors, those who aren't eligible for normal UI-- such as regular employees who have not made enough to qualify for normal UI... as long as your income was negatively affected by COVID or you had COVID or you had to care for a child with COVID... basically if COVID ruined your life, you're eligible.
What if I already applied for regular unemployment?
The PUA will be a separate application that will pay out much faster. If you are ineligible for UI it is likely that the reapplication will be necessary (and it would behoove you to reapply since the process will be faster). If you believe you were misclassified as an IC when you're actually an employee, applying for PUA will NOT make you lose your rights to regular UI, per the CA Sec of Labor, but it will get you paid faster.
Federal Pandemic Unemployment Compensation (FPUC) Aka the extra $600 each week
Do I qualify?
If you are eligible for at least $1 per week in regular UI, PUA, or any sort of extended benefits program such as PEUC, you qualify for the FPUC. For example, if you receive PUA in two weeks, and it's backdated to February, you will be able to collect the FPUC for all the weeks starting after March 29.
When will I get this money?
You should be receiving this as of this week
How long will I get this money?
It is only available for March 29 - July 31st.
Pandemic Emergency Unemployment Compensation (PEUC) Aka the 13 weeks extended benefits for exhausted claims
This has had the least amount of information posted about it; it was the last of the programs to be outlined by the USDOL in UIPL 17-20, so likely the last to be implemented statewide... and the DOL directives website is currently down so I can't double check any of this stuff. Feel free to correct if there's something wrong here.
Who qualifies?
Those who have exhausted their regular UI benefits.
How much will I receive?
You will receive the same amount as your original UI benefit weekly claim.
When will I get these payments?
We do not have a set date right now. Hopefully we will be able to receive this benefits around the same time PUA is implemented in two weeks, but there is no announcement on this front as of April, 14, 2020.
Will it be backdated?
The PEUC is only available between March 29, 2020 through the end of 2020. So the 13 weeks would only be applicable during this time.
Contacting EDD
Thanks to u/Twosocksinspace and u/tweak8 for this update on contacting EDD:
I called 1-800-300-5616. When the menu options came up I dialed "1" for English and then 6-5-1-4. I did NOT dial the SSN.
Using that method I got through to someone TWICE today. Here is the thread that u/tweak8 shared.
https://www.reddit.com/Unemployment/comments/g5abk6/california_getting_in_contact_with_a/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
The new 1-833-978-2511 that was set up that is open from 8am - 8pm is only for GENERAL information. If you have specific information about your claim, such as reversing a disqualification or getting an update, this is not the number to call.
General Unemployment FAQ
Here's a complication of the most asked questions in this thread.
Where is my EDD Debit card?
Your EDD Debit card should be mailed to you automatically. Has it been 3 weeks? If so, you should call BOA. They can make sure it's on its way or issue you a new one.
Do I have to say that I'm working for work even though we're in the middle of a pandemic?
According to EDD, they have changed the system to allow for people to answer that they are not currently looking for work.
Am I eligible for partial benefits?
The formula is (the amount you earned) minus (25% of the amount you earned, or $25 whichever is higher). Then take that number and subtract it from your weekly benefit amount. If the amount is positive, that's the amount of partial benefits you'll receive. If the amount is negative, you won't receive any benefits that week.
submitted by WorkingActorInLA to LosAngeles [link] [comments]


2020.03.28 21:28 cpaitguy Audit client horror stories...

As auditors, we all know how difficult trying to get timely, coherent and complete PBC's is, and we all know the cycles of management blameshifting and pressure. But what happens when things go horribly wrong? Here's a fun story:
First, a little background:
After spending a couple years at a small PCAOB firm picking up an awesome breadth and depth of experience and getting hooked on travel, an FTN busy season at a great PwC office, and a solid remote manager gig at a high-quality crowdfunding-focused firm for another couple years, I was done with audit and ready to move on completely to IT and SEC consulting...or so I thought.
Being an auditor and SEC consultant in the small cap world, I have learned and become accustomed to standing up to pressure and tend to be cynical about management's "broad strokes" point of view. I simply don't care what people think of me - I strive to be good and friendly to the staff and clients, but I'm not going to cave to "can we file" or "is it done" pressure from partners or clients if they don't get us what is needed for an audit.
The Audit Begins
After a very, very long story, which I'll write about some other time, I agreed to help a friend who started his own PCAOB firm as a contract audit manager on a "knock it out of the park" two-year audit for a small revenue-generating pharma company that would be taken public. Well, that plan backfired and the deal fell apart, since the "go public" vehicle was run by a shyster, who destroyed a lot of inventory and siphoned millions from the company (in addition to millions in capital raised) to gamble in Vegas and live lavishly - a very colorful, very common, story in the small cap world, which I'll write more on another time. Needless to say, after countless hours spent, the audit was put on ice, as lawsuits flew.
A year later, the company felt it had recovered sufficiently and is now looking to be acquired by an already-public Canadian company. The Canadian acquirer wanted a 1-year audit just for the acquisition (not even for regulatory filings), but the partner felt the acquiree should have a 2-year audit and got a new engagement letter for it. Great, green light, let's go! Nope, the company's accounting was s***, and the new controller had spent the past year or two cleaning up the books, on top of dealing with audit requests and fallout from the previous deal. After all other accounting staff quit, the controller finally had enough and quit in the middle of the audit, and a new controller came on board several weeks later - mind you, this is still a revenue-generating, inventory-carrying company running on Sage 300 with a one-man accounting department!
At this point, audit requests were and have continued to be outstanding for months in a nice, organized, collaborative format the client had originally agreed to work with. Unfortunately, due to being overwhelmed, the original controller threw that format out the window and started throwing whatever he could find at us. We had a PBC list covering approximately 70% of the audit requests and even obliged to spending copious amounts of time organizing support received and manually updating the list for every time the partner asked where things were at (i.e., every time the CEO asked the partner where things were at.). After being asked by the partner several times "exactly where we are at" with no real progress getting anything and therefore no update to give, I got frustrated and tediously walked through the list item-by-item on several calls. The partner started to understand the gravity of the hold-up, the lack of progress and the amount of time wasted.
The Drama Unfolds
After the old controller quit, the CEO tasked the CFO of the acquirer with managing the company side of the audit. And a couple weeks later, the new controller was on board. There was at least some semblance of enough staff to get done, right? This is where the downward spiral really started accelerating:
TL;DR - This audit. Just. Won't. Die.
An acquirer's CFO, which is not affiliated with the acquiree, is a real ***hole and is meddling to the point that we can't get what we need to complete the audit even if the controller cooperated. If we give in on any requests, I'm 99% sure there will be a material misstatement, aside from the facts that the client's historical accounting being s*** and that the client isn't fact-checking anything before sending it to us. Internally, the firm partner seems to have cash flow issues due to tons of unnecessary overhead and full-time staff, and while I have been paid to date, it has been slow and makes me nervous, and the partner's commitment to quality - especially as a PCAOB firm - makes me equally nervous.
Hope you enjoyed reading about psychosis! Out of curiosity:
Update: Got off this audit, thankfully. Apparently, the client's attorney told the partner the firm had to finish the audit for the original fee. I get the impression the firm is ultimately going to cave to client demands and pressure to throw testing out the window so they can finish the audit. I'm ecstatic to hand this back to the firm and not deal with it anymore.
submitted by cpaitguy to Accounting [link] [comments]


2020.03.27 20:08 Betsy514 COVID-19 Relief - All the Things We Know Now that the Cares Act has Passed

Ok - I'm going to try to summarize what we know now both with the CARES ACT and the existing waivers and how they will all interact with each other.
Keep in mind that we will have LOTS of questions and it will take some time for the ED to issue guidance and the servicers to implement.
On March 27th, Congress passed legislation extending the 0% interest rate to all federally held loans for a total of six months, ending on September 30, 2020.
• All payments on federally held loans, including defaulted loans, are also waived during this period. This includes all Direct Loans and federally held FFEL and Perkins. If you don't know if your FFEL or Perkins are federally held check with your loan holder.
Saturday 3/28 EDIT - a Federally held loan includes direct grad and parent plus and direct consolidations.
• You may continue to pay during this waiver. It is unclear at this time whether autopayments will cease automatically when the waiver is applied. We recommend you cancel your autopay if you do not wish to make payments during the waiver period.
• The waiver period will count towards PSLF qualifying payments regardless of whether the borrower actually makes a payment during this time
• It does not appear that the PSLF qualifying period will backdate to March 13th but we await Department of Education guidance to verify
• The bill passed on March 27th also ceases all tax refund and social security offset for defaulted federally held loans as well as wage garnishment.
The waivers will be placed on the accounts within 15 days of the bill being signed into law - you don't need to do anything to get them if you have federally held loans
If you have non-federally held FFEL or Perkins, these waivers don't apply to your loans. Some states, such as Massachusetts and Nevada, have ordered all debt collection to cease for the time being so you may still experience a lack of debt collection. If you need relief, contact your loan holder and request a disaster forbearance for these loans.
Sources: Sec. 3513 https://www.cnn.com/2020/03/25/politics/read-senate-coronavirus-stimulus-bill/index.html
https://www.ed.gov/coronavirus?src=feature
www.studentaidpandemic.org
April 2nd EDIT: See my post from last night - the waivers should be in place by April 10th and borrowers who had payments pulled via autopay after March 13th can email or call to get those back if they choose.
EDIT - You guys are the best. I've had a few messages asking how people can support the pandemic site and our work. If your employer has an employee directed grant or sponsorship program, we'd be so grateful for the recommendation. We do not want consumers to donate during this weird time - put that money in an emergency fund folks.
EDIT April 2nd. ED has updated their FAQ's
https://studentaid.gov/announcements-events/coronavirus?utm_source=servicer_comms&utm_medium=email&utm_campaign=2020_coronavirus#borrower-questions
Some new items from this update
-you should still recertify your IBR if your recert period comes up during the waiver period and/or if your income changes. This won't affect the suspension of payments.
-you can still rehab or consolidate out of default during the waiver
I'm hearing that autopay will cease automatically once the waivers are applied. I haven't been able to confirm with all the servicers but that appears to be protocol. With that said, it can take some time for autopay to cancel so if you don't want to make your payment and the due date is in the next two weeks or so you should probably cancel.
Out of an abundance of caution, I want to walk back something I was saying last night about the effective date of these new waivers. While I'm 95% sure the waivers will be effective as of the date of enactment, which was Friday the 27th, the 15 day provision in the bill gives me a tiny pause that they could end up being effective the day applied - which would mean sometime in the next 15 days. For most of you that doesn't matter. For those pursuing PSLF it does. If you have a payment due in that two week window you might want to make it to be extra safe you don't lose a month. Remember - the existing waivers created on March 13th don't count for PSLF - but the new ones signed into law do. I'm guessing we'll see ED clarification in the next week - and considering you get a 15 day grace on PSLF payments it might make sense to wait for that at least. Again - I'm being super cautious here - it's very likely they are effective the 27th - but I know how important potentially losing a PSLF month can be to people so I want to be careful.
EDIT April 4th - The ED issued new guidance late last night pertaining to non-federally held FFEL defaulted loans. They did not issue any new guidance for non-defaulted loans so those continue to not be eligible for the waivers but can get a disaster forbearance, unemployment deferment or lower payment option. The new guidance for defaulted FFEL is as follows:
FFEL Program: Lenders and Guaranty Agencies and Loans held by the Department Satisfactory Repayment Arrangements (§ 682.200(b)) The FFEL loan holder should not treat any payment the borrower fails to make as a missed payment in the stream of six consecutive, on-time voluntary full monthly payments required to re-establish his or her eligibility for assistance under Title IV of the HEA.
A FFEL loan holder should not treat any payment a borrower fails to make as a missed payment in the stream of three consecutive, on-time voluntary full monthly payments required to establish eligibility to consolidate a defaulted loan.
Borrowers in In-School Loan Status (§ 682.209(a)) and In-School Deferment Status (§ 682.210) The loan holder should continue to report to NSLDS as “in-school” the loan status of each borrower who was in an “in-school” status on the date the borrower’s attendance at the institution was interrupted due to the COVID-19 national emergency. The loan holder should continue the borrower in that loan status until the institution reports the borrower as withdrawn.
Collection of Defaulted Loans (§ 682.410) Guaranty agencies must stop collection activities on defaulted loans until September 30, 2020, on all federally held loans. Collection activities must resume at the end of the period at the point at which they were discontinued. The guaranty agency must document in the loan file why it suspended collection activities on the loan and is not required to obtain evidence of the borrower’s status while collection activities have been suspended.
Payments to Rehabilitate Defaulted Loans (§ 682.405) The FFEL loan holder should not treat any payment the borrower fails to make as an interruption in the nine on-time voluntary full monthly payments within ten months for purposes of rehabilitating the defaulted loan.
EDIT april 4th - there was another notice that came out early morning - it gives the non-federally held Perkins and FFEL holders the OPTION of offering 0% interest and the cessation of payments for six months mirroring the federally held loans. The notice instructs borrowers to contact their schools (for perkins) and loan holders (for non defaulted, non federally held FFEL) for more info. I am hearing chatter that at least one FFEL lender is considering doing the 0% interest but we'll have to see.
submitted by Betsy514 to StudentLoans [link] [comments]


2020.03.05 02:41 aliensushi Old LLC, New Operating Agreement Help

Hello - I am changing my CT based LLC from single member to multi-member. We created the LLC originally with Incfile. I'm not quite sure how to properly do the following:
1.) File an operating agreement which has the appropriate ownership %s etc ( I have an operating agreement ready). There was previously no operating agreement.
2.) Add a new member to my LLC. I know I can file a certificate of amendment, do I just describe that I want to add a new member?
3.) 'Backdate' the addition of the new member to May 2019? The operating agreement is dated for May 2019 to account for this.
It seems like this should be straightforward but I can't find clearcut information. Thanks for your assistance!
https://www.cga.ct.gov/current/pub/chap_613a.htm#sec_34-247a
https://portal.ct.gov/…/llc-2…/certificate_of_amendment.pdf…
submitted by aliensushi to legaladvice [link] [comments]


2020.03.04 01:53 aliensushi LLC Amendment

Hello, I'm having trouble finding out exactly how to amend my currently single-member LLC, established in CT in three ways:
1.) File an operating agreement (did not have one before, I just created one, but how do I 'file' it properly?)
2.) Add a new member to my LLC. I know I can file a certificate of amendment, do I just describe that I want to add a new member?
3.) How do I 'backdate' the addition of the new member to May 2019 ?
https://www.cga.ct.gov/current/pub/chap_613a.htm#sec_34-247a
https://portal.ct.gov/-/media/SOTS/CommercialRecording/BSD-Forms/llc-2017/certificate_of_amendment.pdf?la=en
Thank you!
submitted by aliensushi to smallbusiness [link] [comments]


2019.10.25 18:47 stroke_bot wane woolpack prospectiveness overmanaged emotion

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submitted by stroke_bot to nullthworldproblems [link] [comments]


2019.10.15 14:36 SerialBrain2 The Whistleblower: a C_A operation planned and ordered by HUSSEIN.

Q3355 The time has come to re_enter the public domain. Q
Are you enjoying the show?
Peruvian Coffee for those who doubled their popcorn budget and figured out from the Maestro’s tweets and the Q board what the whistleblower story is all about!
What if I told you that the core of everything you need to know about this story was revealed by the Maestro in the tweets he posted on Oct 3 2019?
Walk with me, I will show you.
As usual, we first collect the pieces of the puzzle and will assemble them at the end.
Q1435 Avoid NSA data collection. It failed. Q
The first 2 tweets of the day are a celebration on the US winning at the WTO and an introduction to an old fashioned breakfast called the One Eyed Jack: Img1
Next, with the Biden example, the Maestro reveals how socialism and its byproducts have been creeping surreptitiously into the corridors of power and the hearts of the Swamp: Img2
This description focused on how socialism translates individually for the people in power. Here is how it operates at the state level, globally, who benefits and how it’s promoted: Img3
Then, we get more practical and go through examples of corrupt tools the Swamp has been using to steal our wealth and how patriots are fighting back: Img4
With the next 2 tweets, the whistleblower shows up in the middle of keywords like: SEC_TEST, SNOWDEN, CLOWNS IN AMERICA and a convenient change of the rules. A major chunk of the puzzle image starts to appear: Img5
The Clowns in America are confirmed and we are told who really activated them: Img6
Next, we learn Schiff is part of the whistlebloweimpeachment operation team and is in charge of the sound and the hype, with the help of the Fake News and bad actors like the State Department IG: Img7 Here is the practical reason the Cabal, HUSSEIN and HRC had to launch the whistlebloweimpeachment operation at this specific moment: Img8
In the next tweets, we are reminded our fight against the Dems is not only about their crimes but it’s about defending the values we’ve inherited from the Founding Fathers, preserving our Freedom and loving our Nation: Img9
Going further, we all agree the war is ultimately spiritual: Img10
Did you know Adam Shifty Schiff’s wife’s name is Eve? Fact check. Not kidding. You know Eden is the place where Satan performed his biggest hoax against mankind right? That explains a lot about Shifty’s wicked ways and expertise: Img11
More information about the whistlebloweimpeachment team and what the Maestro has prepared for them: Img12
Do you like the Beatles? To fully enjoy the next tweets, you need to first listen to this song. When you are done, discover how our girl Nancy is helping us raise funds like never before while shooting herself in the foot and jumping and dancing her way through the impeachment hysteria: Img13
The information on the changed whistleblower complaint rules was already available on Sept 27 2019 and it was later confirmed on Oct 7 2019 that the change was backdated. Future proves past. The next tweets open the curtains and reveal the hidden truth connecting the whistleblower, the ex-ICIG who knows about the rules and the C_A founder of the firm he now works for: Img14
As you can see, C_A is everywhere in the origins of the whistleblower story. Since they do everything in-house, the C_A is also everywhere in its impeachment phase: Img15
The next 2 tweets contain the explosive information that HUSSEIN arranged a SCIF meeting where the whistlebloweimpeachment operation was planned and that the evidence is available: Img16
To double confirm this explosive information, the last tweet of the day is a Mark Levin video and is coded to point at its 59 second mark to provide the undeniable proof that HUSSEIN planned the whistlebloweimpeachment operation and distributed roles during a SCIF meeting: Img17
We can now assemble the pieces of the puzzle and extract the final Whistleblower Decode. Read very carefully: Img18Img19Img20
Q2289 Ready when you are. Q
submitted by SerialBrain2 to u/SerialBrain2 [link] [comments]


2019.09.24 12:33 acerod1 How Ex-Nissan CEO Carlos Ghosn Hid $140 Million of His Compensation

The settlement between the Securities and Exchange Commission, and Nissan Motor Co. and Carlos Ghosn offers a rare glimpse into the steps that were taken to make sure more than $140 million paid to the ex-chairman wasn’t disclosed publicly.
That’s because many of the claims against Nissan and Ghosn haven’t been detailed in public documents in Japan. The charges against Nissan, Ghosn and Greg Kelly, the other ex-Nissan executive charged with financial crimes, don’t offer specifics, and their trial isn’t due to start until next year. Ghosn also faces charges in Japan related to money flows in the Middle East.
In the SEC settlement, Nissan was fined $15 million over the allegations, while Ghosn, 65, was hit with a $1 million penalty, the SEC said in a statement Monday. “We are pleased to have resolved this matter in the U.S. with no findings or admission of wrongdoing,” Ghosn’s defense team said, adding that they will “vigorously fight the criminal case in Japan and pursue his claims against Nissan around the world.”
Nissan, based in Yokohama, said in a statement that it cooperated fully with the SEC.
Even so, the SEC’s complaint offers the clearest picture yet of some of the alleged methods used by Ghosn, Kelly and Nissan to hide compensation and payments made to the fallen auto titan. Here are some of key details:

Disclosure Rules Changes

Because of an impending change in Japan’s disclosure rules in 2009 for corporate directors, “Ghosn became concerned about criticism that might result in the Japanese and French media if his total compensation became publicly known,” the SEC said.
Every year from 2011, a senior employee “would prepare for Ghosn’s approval a document summarizing Ghosn’s total fixed compensation, his paid compensation that was being disclosed, and his remaining compensation that was not paid and was not being disclosed,” the complaint said. About $94 million of Ghosn’s undisclosed compensation was determined in this manner, the agency said.

Payout Methods

In order to pay out the undisclosed compensation, “Ghosn and his subordinates sought multiple ways to pay his undisclosed compensation through Nissan-related entities without disclosure,” the complaint said. While they considered paying this out using Nissan subsidiaries, they instead decided to postpone the payments for a later undisclosed date, according to the agency.
The total remuneration, paid remuneration and postponed remuneration were tracked each year in a spreadsheet, according to the SEC. A Nissan employee “showed or provided to Ghosn the reports he prepared each fiscal year to set Ghosn’s total, paid, and postponed compensation, as well as the spreadsheets he maintained and updated each year that tracked the same information,” the complaint said.

New Payout Plan

Another plan to pay out the undisclosed compensation emerged in 2013, when Ghosn and his subordinates sought to use Nissan’s long-term incentive plan to release cash to the former chief executive officer, according to the SEC. Although Ghosn hadn’t participated previously in the incentive plan, an employee of the automaker prepared backdated letters that granted Ghosn compensation under the plan for the amount of undisclosed agreed-upon compensation.
“The backdated LTIP award letters were intended to ensure Ghosn would receive payment on the postponed compensation that had been omitted from Nissan’s director compensation disclosures,” the complaint said. The funding for the plan’s payments came from a pool of money called the CEO Reserve, and in order for the chief financial officer to sign off on the payments, he was “falsely told that the LTIP awards were a broad-based grant to numerous Nissan participants rather than that the vast majority was for Ghosn and included exchange rate protection on the inflated retirement allowance,” the document said.

Boosted Retirement

Separately, Ghosn used another method to increase his compensation: boosting his retirement allowance by more than $50 million, according to the SEC. Ghosn and his subordinates backdated retirement award letters in order to increase his compensation, and then sought to make the changes in accounting record, the agency said. Because the increase in retirement would have to be made public, they decided to make the changes by saying it was miscalculation, the SEC said.
“Sometime afterward, Ghosn’s subordinates, including Kelly, took steps to have Nissan’s finance department record the pension increase in Nissan’s accounting systems, including by falsely informing Nissan’s CFO that the increase was the result of a mistake at the Secretariat’s Office,” the complaint said.

More must-read stories from Fortune:

—The European Central Bank’s ‘Bazooka’ is back. This time, with less of a bang
—Nestlé, world’s largest food supplier, aims to [eliminate all greenhouse gas emissions by 2050
](https://fortune.com/2019/09/12/nestle-net-zero-emissions-greenhouse-gases/)—BP’s CEO says he’ll sell oil projects to meet [Paris climate accord goals
](https://fortune.com/2019/09/12/bp-ceo-sell-oil-projects-paris-climate/)—The U.S. and China are easing back on trade war tariffs as talks near
—Listen to our audio briefing, Fortune_500 Daily_Catch up withData Sheet, Fortune’s daily digest on the business of tech.
* More Details Here
submitted by acerod1 to Business_Analyst [link] [comments]


2019.05.14 20:58 RaidenIsCool Bed Bath and Beyond (BBBY) CEO Steven Temares Resigns after Activist Investors Urge Resignation (DECK Included)

If you haven't already seen it by now, Temares' resignation was aggressively suggested by a group of activist investors in BBBY. Here's the slide deck that was presented at the board meeting: https://www.sec.gov/Archives/edgadata/886158/000092189519001180/ex1dfan14a09050028_04262019.pdf

Some Notable Slides:
Slide 6 - Immediate suggestion of new leadership
Slide 15 - Performance of shares EXPLICITLY showing from when Temares takes CEO role
Slide 24 - "Questionable M&A"
Slide 27 - Conflicts of interest in board, leading to improper management
Slide 28 - Executive Comp
Slide 29 - Alignment of Comp and Stock Performance
Slide 35 - "Orchestrated Board Changes" and "Backdating Options Scandal"
Slide 36 - Conflicts of Interest and Nepotism
Slide 129 - THE COUPONS
Slide 144 - The 100-day Plan
submitted by RaidenIsCool to business [link] [comments]


2019.04.27 13:51 stroke_bot gamelan uncausatively paradigmatical

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2019.04.23 05:22 stroke_bot preadornment floodwater obcordiform hungry blueweeds davening simility

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2018.05.15 01:53 noiseformind The laziest written/directed episode ever with the poorest locations. Billions? It should be called Thousands.

I know that Malkovich is coming and we need money to portrait the lavish style of a Russian billionaire but please...
I'll write about the Axe/Lara face-off in a dedicated post because that was an utter fail moment for the show but so many things to be disappointed with:
- Right at the beginning Blackjack Foley, New York's Richelieu and king-maker, the guy whose only worry is to "further is seven-generation fortune" is doing some lame threatening at Chuck. As usual in Series 3 the writers, the showrunners, the producers, and not even the actors care to make any progression of the character personality from one pole to the other. The suave operator still uses 18th century lingo ("nothing so arch as that") but he uses of brute stupid force against someone that he chose of his particular aggression when threatened. And because we just saw in the last episode Chuck fuck a Doctor for Wendy, a Doctor that had never lay his eyes on Wendy, we immediately know that Foley is on a path of being somewhat destroyed by Chuck. This of course doesn't happen over 3-4 episodes like in Series 1 and 2. The multi-arch theme is over in Billions, long live the immediate pleasure of seing Blackjack and Sr punished in the same episode. This a common theme all over the episode and just shows how lazily was written.
Then comes Wendy's whispering all over the episode. The wife of someone only needs to tell him once what she wants and why. But Wen's keep shooting the same metaphors over and over again, but surprisingly in less depressed scenarios. They start with the binge-eating, usually their last resort, and they go all up to friendly chatty moment at the end. At this point some in the writers room should have said "Guys, the emotional toll is not mounting up into drama, is becoming more mechanized and alienating our viewers trust" but them some big-shot must have said "Fuck it, that will take too much planing from the production team, we'll just have them randomly talking at the house."
Than Axe's return. Since the hooker, we know that the showrunners want us to despise Axe. Detesting Axe is apparently the only sub-arc cheap (like Dollar Bill cheap) enough to be ran during this season. He tell Taylor to unwind all their positions. This never happened in the history of stock management. Its simple: if a company unwinds all its positions that will cause upheaval across the industry. Assuming the blood-let of redemptions was 15% like we were told at the beginning of the season Axe Capital still has 17.5bil AUM. A dump this big would immediately render a SEC investigation if not a order to halt trading completely. This when JUST in the previous episode Axe was in court facing 5-10 years in jail! How ludicrous is this? Yet the writers shake-off any reality setting in by having Axe shutting Taylor warnings down.
The Connerty play is textbook Chuck and we've seen it BEFORE with Connerty, in the restaurant, going around mutton. Its amazing and impressive but its like the ortolan stuff: takes forever to unwind, has no value intrinsically and now all we know is Connerty is going private.
The scene in the security box is setup just fine but then disaster, we assume that the number Axe is memorizing from the credity card is an account number. Any person with a credit card, and I assume some of them even have a job in Billions, know that the number in your credit card ISN'T and account number. Its the credit card number! And yet, it all goes fine between billionaires, buddies and all, Axe and Todd.
Then there's the length of this play. All through Season 1 and 2 SEC, spearheaded by Spyros, was following in Axe's footsteps because of the temporal coincidence between certain trades and certain events. And this were multi-episode plays, some of them (like the telecommunications one) lasting for weeks and 3 episodes. This play unfolds not only in one single episode but... wait for it... 24 hours! And there is no problem with it. Even Taylor offers to make a backdated excuse to justify the caper but Axe says fuck it and it all goes well with not a single issue for the producers. Just Axe being Axe, we love the guy and all that.
Then the Land Rover location. Just a banal showroom, not even a New York proper showroom, most of the cars are second hand and some have poor after-market extras. I know Axe is the billionaire that likes to dwell with the muppets but really? This is the sort of car dealer he goes? They try over and over to warn him of the dangers of scrapping their holdings (we know that isn't possible in the real world but Taylor is just weaselling some soft complains in...). And then... and the end of the episode, we realize that Axe is blundering Taylor with their fund, putting just 250mil when they're expecting 1bil because they took the car right just have being given a private fund inside the company to manage. So the most smart guy in the room is a teenager that gets cranky when someone forces him to pay an extra 84k on a Defender? I believe that's how billionaire's fortunes are made, by alienating people that prove themselves to be useful...
Love the conversation in the elevator, amazing back and forth. Hope someone in this forums manage to find Bill's watch. I'll buy it for sure.
Then there is the most disastrous non-Lara related moment of all the 32 episode stock. In 24 hours (24 hours) and... just a couple of hours after Chuck talks to Buffalo Bill, a sting operation is set-up on Foley. The possibility of all this happenning in a 24-hour period is what... the same chance of Wags not talking about a vagina in the morning prep meeting? Just ludicrous and beyond belief. We have a linear timeline where things that would take weeks to setup happen with no relation to each other. And no one, absolutely no one, get money for intel in the same room. Its no something you do. You don't incriminate yourself by having the intel and the money in the same room. You get the intel and then get the money or the money first and then the intel but absolutely not them in the same room. That's the sort of low-budget low-brains series plot. Blackjack, the ninja of New York's Partenon, the Dark Lord of Albany takes care of this shit for himself? He's an army of one and he's a kingmaker? In Season 2 a scrap guy didn't take Axe's money because Foley could hit him with inspections, fines, strikes, land-use review and the smartest operator in NYC goes around with aluminium purses of money around and MEETS in the same room with the agency guy taking that money? This is... crazy... by all standards. If Jack Foley was to be harm-wrestled by Chuck why wasn't that a arc through Season 3? Instead of Ortolans, for instance.
The worst moment of the show in terms of camera showmanship is also the best writen one. Adam and Chuck have the most honest conversation they ever shared on-screen. Is the most sublime moment of men in power showing how much they are addicted to it at an emotional level. But probably because they didn't have a lot of time to make the shoot (location issues and prices, I guess...) the hand of DeGiulio is up when the camera is facing Chuck and down when its on his back. The broken timeline swivels an emotional and fragile moment, a moment where friendship gets through the fist-fight arena, in its axis, making for a frantic scene. I was wondering why I was so restless after watching such a soothing scene in paper and then the second time I caught what was throwing me off-balance. The hands on the wrong position. And by talking about wrong, how about four months' worth of salary for a judge hanging on DeGiulio's wrist? Does that makes any sense? We keep seing traders with 1k watches and the judge gets to use a Frank Muller worth 20k?
Lara's thing is too bad to be written in the 10 minutes I have for this so... I'll get up to it tomorrow.
And does anyone believe that Taylor knows how to drive stick?
submitted by noiseformind to Billions [link] [comments]


2017.07.31 16:34 nickcarcano [OC] Preservation - Part IV

Previous Next
Malundama
Malundama threw herself to the ground as the tree passed overhead and crashed into the ground like a thunderclap. The smurfs dodged out of the way, but still held in rough formation. They kept looking back toward the trail to the vehicles. Two argued amongst themselves. They were on the edge of breaking. She saw the glow move, heading their way.
The lead smurf had hit the dirt with her, but now she was back up on both feet. Her face was dirtied, she had lost her smurf hat, and was yelling in her language again at the soldiers. Malundama grabbed her shoulder.
“Who can shoot big gun?”
The smurf looked at her remaining soldiers and shook her head.
“Me only.”
"Get the big gun," Malundama said. "Tell soldiers run when I say, stop when I say."
The lead smurf looked at Malundama, her tattered clothes, battered AK. Something passed between them, flew under the barriers of race and language. The smurf nodded. She shouted in her language and the soldiers responded.
"중지!! Stop!" The lead smurf Saudi holding an open palm outward, then switching to a fist that she pumped up and down, "운영!! Run!"
The smurf moved slowly toward the tree.
Malundama looked to the rest of the smurfs. The glow was only twenty feet away now.
"We play keep away," Malundama shouted. "I say run, you run. I say stop, you stop. She went around the circle and gave them each a number.
Some of them nodded.
She pointed to number One.
"Un-yung!" She said, hoping she was saying it right, making the motion and pointing at an angle.
To his credit, the man ran.
The glow immediately shifted, following. It closed to fifteen feet of him, then ten.
"One! Junki!" she shouted.
The man stopped and she pointed at Two, a young woman and told her to run in a different direction. The young woman ran and the glow shifted again.
Malundama glanced up. The lead smurf was almost halfway to the rocket tube. She wasn't scrambling, but moving smooth and fast.
The headache that had been lingering in Malundama’s skull started hammering at her again and she tried to focus on the young woman.
"Junggi!" Malundama shouted. The glow had almost been on top of her.
She pointed to the smurf with the heavy machinegun, Three.
"Three! Un-yang!"
He took off running and the glow changed directions. Malundama called a stop and the man came to a halt.
The demon screamed again, maybe in frustration. This time, the noise was like a white-hot spike in Malundama's head. The machine gunner started running again and the glow followed him. Malundama didn't point at a new runner, instead she raised her AK and fired at the glow, even she ran toward it. She saw slight disruptions in the glow, little flashes of light blue, where her bullets were piercing the demon's veil.
The demon screamed again and her AK slipped from her grip as the noise drove her headache into a full on migraine. When she opened her eyes, everything was too bright. But she saw the green glow even better and it was closing on her.
She turned to run, knowing it wouldn't make much difference. Her blood rushed in her ears, her breath was ragged. Maybe when she had been well fed and not worn down by the jungle, she could have had a chance of outrunning the demon. As she was now, it was only a matter of time.
"Down!"
Malundama looked up at the shout. The lead smurf was high in the tree, feet braced on two different branches, back against the trunk, the big black hole of the rocket launcher seemingly aimed right at Malundama.
Maundama threw herself to the ground as the launcher belched a rocket. The oddest thing was she didn't even hear the explosion before everything went black.
Daniel
At first he'd watched the cameras with rapt attention, trying to look at each monitor equally, checking even those without a failed match. He fought against the desire to daydream, to stop paying attention, to check his phone. The time stretched, every second of attention a Herculean effort in the face of unrelenting boredom. He checked the clock above the monitors.
It had only been half an hour.
He somehow finished off a four hour camera shift, mostly by only paying real attention to the failed matches. The rest of the time he came up with stories for the people he saw, however briefly. Detailed the conversations they were having. He also kept an eye out for hot girls. There were a lot of pale, anemic looking scientists and rail-thin executives assistants, but the kind of girls he liked, the ones with some curves, were definitely few and far between.
He got relieved for lunch around 2PM and headed for the cafeteria. He had expected the usual slop line, but instead he found something more like a mall food court. A nice mall food court. The chefs wore white smocks and berets or those chef hats. There was a Mongolian wok, a Southwestern infused BBQ place called Jalapeno's, and a spot called Joanna's Fresh Cafe with salads and pasta. Looking for something familiar and safe, he opted for a San Antonio Burger at Jalapeno's.
At the register, the perky college-aged cashier asked, "Cash or PDL Bucks?"
"PDL Bucks?" Daniel asked.
"Oh, you must be new," the cashier said. "All employees get 40 PDL Bucks every week, which you can use to pay for food here at the cafeteria."
"Wow," Daniel said.
"Sweet right?" the cashier said. She pointed to a RFID reader at the register and Daniel held up his badge. The register made a pleasant chirp and she pushed his tray over to him.
Most of the tables were empty, so he picked one with a good view of the floor to ceiling glass windows that looked out on the rest of the campus. The burger was pretty good. And for free no less.
He'd been pleasantly surprised when he got a phone interview with PDL and completely blindsided when he's gotten the job offer. They paid three times the going wage for guards in Texas, and to start. He figured an ex-Navy Seal would get the job. But here he was.
He was pulled out of his ruminating when an older white man approached his table. The man was thin, with wrinkles that made him look older than he probably was, and a receding hairline.
"Do you mind if I join you?" the man asked, with some kind of European accent.
"No, sure," Daniel said, sliding his tray out of the way.
The man sat, opened a Tupperware containing some kind of white fish and tomatoes.
"I'm Gerhardt," the man said.
"Daniel."
"You must be new," Gerhardt said.
"Is it that obvious?"
Gerhardt chuckled and said, "I've been here a while. I know all the usual faces."
"It's my first day, actually."
"In that case, welcome to Prometheus Defense Laboratories," Gerhardt said.
"Thanks. Where are you from?"
"Aah, the accent betrays me," he said. "I came from Poland, in the summer of 1991. What about you?"
"Texas," Daniel said. "Well, my parents came from Mexico."
"A shorter trip than mine, but no less important. When I came-" he trailed off and pulled a small tablet from his pocket.
The screen appeared to show a video feed, of what looked like a front porch.
"Apologies, someone has been stealing packages off my front porch," Gerhardt said, tapping the display. "My motion sensors just activated. But it looks like it's just my neighbor, letting her dog shit on my lawn. Again."
"Nice security system."
"That's one way of putting it."
Gerhardt tapped the image of the older woman with a leashed lap dog squatting on the lawn and the camera zoomed toward them. Daniel thought it had a powerful zoom lens, until he saw the view rotate around the woman and she looked at it.
"Semi-autonomous drone with a wireless camera," Gerhardt said.
"Oh cool, I see those at Best Buy," Daniel said.
"Not this one, I built it myself," Gerhardt said. "Hold on.
He tapped a microphone icon on the display and said, "Please pick up after your dog. This is Florida, not Somalia."
The woman scowled and replied, "I do not consent to having my picture taken!"
"You're in public view and on my property," Gerhardt said.
"Communist!" she replied.
Gerhardt growled and tapped another button. The sprinklers on the lawn turned on full blast and drenching the woman from head to toe. She stumbled off the lawn shrieking.
Daniel laughed so hard his cheeks hurt.
"I've been wanting to test that for a few days," Gerhardt said with a smile. "Hopefully she'll think twice before doing that again."
His tablet flashed an alarm of some kind and he stood up abruptly.
"I have to go, one of my experiments is ready earlier than expected, but it was nice to meet you!"
Daniel waved as Gerhardt strode away and went back to finishing his burger.
Kadira
A Navy SH-60B Seahawk found them just as dawn was breaking, the crew fishing them out of the tranquil seas easily. They'd been flown to a Navy destroyer, refueled, been medically checked over, then flown to Antonio Bautista Air Base, the home of her wing. Commander Li had been sedated since the destroyer, and she hesitated when the Air Force medical staff separated them, wheeling Li away on a rolling gurney to the medical facility. Captain Hansen, her squadron commander was waiting for her on the helipad.
She came to attention, everything her body sore or tired or both. Hansen returned the salute signaled a corporal with a humvee.
"No sign of Lieutenant Hill, sir?" she asked, a tiny bit of hope flared that maybe they'd found Puke.
Hansen indicated she should get in the humvee as he responded, "SAR's still out looking. Yours was the only transponder we picked up, but maybe his got damaged. If he’s out there, we'll find him. Maybe the Chicoms yanked him out of the drink and we'll do a good old fashioned prisoner swap."
Once they were inside, the corporal floored it, racing toward the base operations center,
"You need anything before debrief? Squids said your physical came back fine," Hansen said, “but I’d feel better if Doc Trang confirmed it.”
"I'm fine," she said.
"Thank god. When we lost your radar track, I thought I was gonna be calling your dad," he said.
She hadn't even thought about that. How easily she could have died, leaving babaan alone. She reminded herself to call him as soon as they cut her free from debrief. They arrived at the ops center in under two minutes, and two F-35s roared overhead. Hansen hustled her inside.
"Old Man wants to see you before debrief," Hansen said.
Inside the operations center, things were ordered chaos. The digital displays showed nearly half the Wing was in the air.
The Old Man beamed when he saw her.
"Hell of a fight, Lieutenant," he said.
"What's our status, sir?" she asked, gesturing at the digital displays.
"The whole Pacific is at DefCon 3," the Old Man said. "I've got damn near half the Wing in the air. Captain Hansen will be up there in ten, but he wanted to check on you first. Chicoms think they can shoot down three of our birds, they got another thing coming."
"Sir, the Chinese didn't shoot us down," Kadira said.
"Lieutenant, I understand things got heated up there," Hansen said. "I remember the first time an Iraqi SAM shot at me. I was convinced it never happened, just because it had all happened so fast."
"Sir, with all due respect, that's not it. It wasn't the Chinese. In fact, they helped us. The bogey was from somewhere else."
She realized a hush had fallen over the operations center. It was only then that she realized her last few words had been so loud.
"Look, you need some time to process," Hansen said. He gestured toward the conference room down the hallway, his smile concerned, his voice soothing. Hansen was what the old-timers derisively called a SNAP, a Sensitive New Age Pilot. Normally she found it a welcome respite from the raging Cold Warrior, cigar-chomping, swinging-dick older officers, but in this case it was just as annoying, that he was so overconfident that he knew exactly what was going on with her.
"Let's get you settled into the conference room, let these people do their jobs."
"Sir, don't patronize me," she said and pointed a finger at the display showing the South China Sea, clusters with American and Chinese fighters, scant miles apart. "Everyone who knows what really happened up there is either unconscious in the medical bay, or standing right here. You think the Chinese shot us down, the Chinese think we shot them down. Now we got a fuck-ton of aluminum, JP-8, and IMX-101 in the air just waiting for someone to make a wrong move."
"So just who did shoot you down?" the Old Man asked. He may have been a Cold War dinosaur, but he wasn't an idiot. He'd just given her some rope to hang herself.
She could clam up, backpedal, but that still left the possibility of a shooting war with the Chinese based on a misunderstanding.
"Sir, the bogey utilized weapons systems more advanced than anything we have in our arsenal. This thing went from 500 knots to Mach 10 and back again in five seconds. No country on Earth has that technology."
The room was still quiet, the only sound the muted radio calls coming over the tacnet.
Hansen smiled sadly and said, "Report to the conference room for debrief, Lieutenant."
"Yes, sir," she said. This was it. She'd laid it out for them and now they were going to treat her like a head case. She cast one last look up at the digital display, hoping no one got an itchy trigger finger. She'd destroyed her career and it hadn't made a difference.
The Old Man gave her an odd look, like he was still waiting for some extra piece of information. She sat down in the conference room and looked out the floor to ceiling glass walls and tried to infer what was going on on the displays. Hansen and the Old Man had a brief chat, with a few glances toward her, before Hansen left for the flight line. The Old Man went to his office and placed a short call. Only a few words before he hung up. Probably calling the base shrink.
She was on hour four of debriefing with two intelligence officers, who seemed so genuine in their belief of what she was saying that she wanted to scream, before she noticed two things. As one officer, a slightly overweight, moon-faced man wrote down a clarification she'd made, she realized that the display of the South China Sea had cleared. A scant two-bird patrol on each side, running what looked like by-the-numbers patrols.
As the other officer, a no-nonsense woman with reading glasses, asked Kadira a slightly re-worded version of a question she'd asked eight times already, Kadira noticed the Old Man having an argument on the phone in his office. The room was insulated enough to render his increasing roar as just a low whine, but he looked as though he was going to smash the handset through the side of his head. Then, an expression she hadn’t seen before appeared on his face. He'd been humbled, forced to back down. A resentful rage settled in, but he was all business, clearly forming the words "yes, sir" with his mouth, repeatedly. He placed another call, clearly talking to a subordinate then hung up and looked across the room at her. She stopped staring and looked back at the intelligence officers.
The moon-faced officer asked, "And it was at that point that Commander Li contacted you again over the guard frequency?"
"Correct."
"You had both lost your wingmen to the bogey and he asked you for assistance?"
"Correct."
"What was that request, in his words?"
Before she could respond, the Old Man opened the conference room door.
"Sorry folks, we gotta cut this short. Lieutenant Malkawi, with me."
Kadira stood and exited, glad to be out of debriefing, even if she didn't know what was going on.
"Walk with me," the Old Man said. He led her out of the operations center toward a waiting humvee. A BCG-wearing clerk from the Wing's administrative company jogged up and handed the Old Man a manila envelope. The Old Man took the envelope and waved the man away.
He passed the envelope to Kadira and indicated she should join him in the humvee.
"Flight line," the Old Man said to the driver. He turned to Kadira as the humvee accelerated. "I have been instructed to tell you that you are embargoed from discussing anything that's happened in the last 24 hours. Not your parents, not your spouse, not your God. Whoever's handling InfoSec on the other end will tell you what you can and can't say. You have any dependents?"
"No sir."
"That envelope has all your administrative paperwork, but it's been backdated. Your transfer happened two weeks ago."
"Transfer?"
"Alaska."
She opened the envelope and looked at her transfer orders. There was nothing about USNORTHCOM or any Air Force base she recognized. Just the words UNSPKC.
"Some sort of UN command?" she asked.
"I asked that and got personally smoked by a four-star general, so your guess is as good as mine," he said.
They pulled up to a C-17 in a hangar, ground crew already fueling the transport and doing pre-flight checks.
"This is your stop," the Old Man said. "You should have a sea bag waiting for you, everything else will be shipped."
"Thanks, sir," she said.
She got out and gave the Old Man a salute.
"Give 'em hell, whoever they are," he said, saluting back. Then he was gone.
Sure enough, a sea bag of her essentials was waiting for her. The flight crew walked her up the open cargo ramp, got her seated, alone in a cargo hold built for over 100 soldiers. They didn't talk much, probably read the same riot act, but there were open looks of curiosity. Who was this lowly lieutenant to merit a flight across the Pacific by herself?
Except it turned out to not be by herself. They wheeled a medical gurney up and strapped a now conscious Commander Li down for takeoff.
She looked at him and arched an eyebrow. He lifted a palm as if to say, "No idea."
Previous Next
From the writer: Updates will be a little slower. I'm approaching what I had already written, so I have to start posting as I write.
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2017.04.07 21:15 Pg21_SubsecD_Pgrph12 T.G.I.FRAUD-day: Christian-themed video game company attempts to turn water into wine.

Happy Friday, everyone!
This is for all the staffs and seniors who have found red flags, only to be ignored by your managers and partners...
The company: Left Behind Games, Inc. (“LBG”), a penny-stock public company which sold religious themed video games based on the popular Christian "Left Behind" novel series.
The perpetrators:: Troy Lyndon (CEO/CFO/"Video game guy") and his friend Robert Zaucha.
The fraud: LBG round-tripped the cash proceeds from the sale of its own stock in order to create fake revenue and bolster its struggling financials.
Zaucha sells his LBG shares on the market and kicks the proceeds back to LBG
LBG hired Zaucha as a “consultant” who would be compensated with LBG stock. Based on false representations made by Zaucha that he was not an affiliate or related party of LBG, attorneys gave legal opinions permitting him to sell the shares on the market without registration. Between August 4, 2009, and October 10, 2011, Zaucha sold over 1.74 billion LBG, realizing over $4.6 million in proceeds.
$3.3 million of these proceeds were then “kicked back” to LBG as follows:
  • $0.9 million for “early sell fees” under the consulting agreement.
  • $1.4 million for the round-trip purchase of LBG products through a shell company owned by Zaucha (discussed separately below)
  • $1.1 million of ‘other payments’.
Zaucha, who never truly performed any real consulting services for the company, kept most of the rest of the $4.6M proceeds which he used to buy property in California and Hawaii. $55K was kicked was back to Lyndon.
LBG’s auditors learn about the “consulting” agreement and ignore red flags
Shortly after being engaged by LBG in January 2011, LBG’s auditors learned about the Zaucha consulting arrangement and the cash he was giving back to LBG, purportedly because he sold “too many” of the LBG shares. These payments were referred to as “early sell fees” and “penalties”.
Viewing this as a potential illegal attempt to evade federal securities laws, including Rule 144, the auditors reached out to one of the attorneys who wrote the opinion letters permitting removal of Rule 144 restrictions from Zaucha’s shares. The attorney was unaware that Zaucha was giving cash back to LBG and was unable to give an opinion that Zaucha’s payments of cash penalties were legal.
In addition to this, there were no invoices or other evidence that Zaucha was providing any actual consulting services to LBG.
After learning about all this, the engagement partner e-mailed one of the founding partners regarding whether the firm should resign from the LBG engagement. The founding partner responded:
"I view the email you sent to me from Troy Lyndon as both threatening and confusing – he doesn’t know what he is doing. His actions are highly illegal and best case is his attorney talked him into it. I really hate resigning (as you know) – I regard such as a challenge. However, I’d resign before compromising where such a problem exists. I haven’t read the [financial statement] disclosure you proposed and so don’t have an opinion, but your situation sounds very bleak. "
The engagement partner responded:
"I think we’re okay on the disclosure and [sic]. The only question is whether this guy is a nut job we are ready to issue barring any intervention. If you don’t have a problem, then we should issue."
The founding partner responded, copying everyone except the engagement quality review partner who had just been hired:
"This isn’t my job and you haven’t kept me informed. Troy [Lyndon] isn’t rational on this issue and the question is when and how he’ll get taken down. I request and assume you’ll have clear and explicit disclosures and resign if not."
The engagement partner responded to all of the recipients:
“No Okay. Disregard my request.”
The engagement quality review partner, who had recently been hired, was unaware of any discussions regarding resigning from the LBG engagement. Moreover, the engagement quality review partner had limited experience in auditing microcap companies.
After consulting more with its auditors, LBG ended the consulting agreement with Zaucha and notified the SEC about $0.9 million “early sell” fees that Zaucha had kicked back to the company.
The engagement partner also learned that Zaucha was an ex-convict.
The proceeds from Zaucha's stock sales are round-tripped back to LBG to create false revenue
During the same time that the auditors were questioning the “early sell fee” scheme, Lyndon and Zaucha were concocting another scheme to inflate LBGs revenues through a roundtrip transaction.
Zaucha had created a shell company, Lighthouse Distributors, Inc., which entered into an agreement with LBG where it purportedly "purchased” LBG products for $1.4 million, accounting for 88% of LBG’s 2011 reported revenues (or inflated actual revenues by 733%). However, the $1.4 million would come from the very same cash proceeds from Zaucha's "consulting" agreement, effectively paying LBG with money from the sale of its own stock.
With specific e-mail instructions from Lyndon and oral instruction from Zaucha, a Lighthouse employee signed the agreement as the purported “general manager” of Lighthouse, in order to conceal Zaucha’s control over Lighthouse from the auditors. As a result, Zaucha’s control of Lighthouse was not disclosed. The agreement was also backdated, stating that it was effective “as of” July 2010. The auditors never spoke with the employee who signed the document on behalf of Lighthouse.
Further, Rather than re-selling the LBG products, in most instances, Lighthouse distributed them for free to Churches and religious groups. That Lighthouse was giving away LBG product was not disclosed in LBG’s financial statements, even though the audit manager assigned to the engagement was aware that Lighthouse was likely giving away at least some LBG product.
Eventually the auditors discovered Zaucha’s role as owner of Lighthouse and became concerned that Zaucha may have used the proceeds from his sales of LBG stock to fund Lighthouse’s purchases of LBG product (ya think?).
So, ensuring to take the utmost due care and adhering to professional standards, the auditors performed a rigorous audit test of….visiting Lighthouse’s website to determine if it was real.
The website had a mission statement and a form for potential suppliers, but the identity of Lighthouse’s principal, Zaucha, was not disclosed on the website.
The auditors did not attempt to obtain financial statements from Lighthouse.
They also failed to detect that Lighthouse was not incorporated until five months after the distribution agreement was purportedly entered into andafter sales to Lighthouse had been recorded in LBG’s books.
...The auditors even failed to realize that Lighthouse was in the same building as LBG.
In order to supplement the audit evidence of visiting LBG’s website, the auditors sought to get a written third-party confirmation from Lighthouse and sent one to Zaucha requesting him to confirm:
  1. The sale transaction was “real”;
  2. The sale transaction was not connected with the consulting arrangement
  3. Whether or not proceeds from the stock sale were used to purchase the video games and
  4. There were no side agreements
Zaucha returned the letter, confirming each of the above points, except that rather than confirming the key point of whether the proceeds from the sale of LBG stock were used to purchase the video games from LBG, Zaucha merely stated that:
“[a]ll decisions to invest monies into my distribution company were independent from any sale of LBG common stock.”
(From my time as an auditor, these types of vague, CYA responses were infuriating to me).
None of the auditors inquired of Zaucha what he meant by this statement or why he altered the language in the original proposed confirmation letter.
Moreover, in the audit rep letter, Lyndon removed a representation that Zaucha’s consulting fees were not a source of funds for Lighthouse’s purchases from LBG, falsely claiming that:
” I do not have access to the information that would be necessary to make a determination regarding the source of funds regarding Lighthouse’s purchases”
A senior auditor on the engagement team inquired of the audit manager in an email, “Is it OK that he took that line out of the rep letter?”
...There is no record that the audit manager responded to this inquiry.
(GAHHHHH! This is why Seniors become disgruntled)
A misleading 10-K is filed and the auditors' fees are paid by the very same funds generated from the fraud
The auditors proposed a disclosure in the 10-K specifically calling out the circular nature of the Lighthouse transaction. Nevertheless, this language was omitted from the 10-K filed with the SEC, rendering it false and misleading. Prior to being filed the auditors possessed a redline draft of the 10-K with the proposed disclosure language clearly marked as deleted.
Finally, as a cherry on top to this train wreck of an audit, On November 9, 2011 Zaucha (not Lyndon or LBG) wired $5,000 to the auditors in partial payment of LBG’s audit fee…. That’s right:
The very funds from the underlying fraudulent transaction that they were auditing were used to pay for their own audit fees.
I'm…I’m gob smacked. It’s so poetic.
The fallout:
LBG terminated all of its employees and closed its office at the end of 2011.
Lyndon was charged by the SEC was forced to pay $3.6 million in penalties. In response he said,
"I'm just a video game guy. If any violation occurred, it would never have been intentional - and certainly, never fraudulent. My attorney told me that any person that earned shares could use them for any purpose. For more than two years, I've asked SEC to explain how and if I have violated any rule, so that I could self-report it. As I see it, the government has systematically and intentionally conspired to dismantle Left Behind Games and the facts are both true and hard to believe - worthy of a Ron Howard film or John Grisham novel."
According to his online biography, Lyndon was the "original team lead developer" of the first 3D versions of the John Madden Football video game, among others. Reuters could not immediately independently verify those details.
Zaucha was forced to pay $2.6 million in penalties.
The audit firm and engagement partner were also forced to pay monetary penalties, as well as require the entire firm to take 8 hours of fraud-detection training and 24 hours of audit training, with no less than four of those hours being devoted to related party identification and testing.
Takeaways:
With the benefit of hindsight it’s easy to just be utterly astonished by how the auditors let it get this far, but if you’ve worked in public you know how the intense pressure and hours can put stress on the engagement team, such that it causes them to rationalize and overlook certain things in order to make budget.
At 11pm it can get pretty tempting to check “without exception” on the audit test that probably should warrant additional follow-up.
And so what if the manager didn’t get back to you about the representation that was deleted out of the rep letter? We all know rep letters are just a formality, anyway, and you’re about to roll off the engagement into two relaxing weeks of PTO. It’ll be fine. Someone else will catch it during review.
Sources:
http://www.reuters.com/article/us-sec-leftbehind-idUSBRE98O12320130925
https://www.sec.gov/litigation/admin/2016/34-77755.pdf
submitted by Pg21_SubsecD_Pgrph12 to Accounting [link] [comments]


2017.03.02 06:15 911bodysnatchers322 Part 17: Cliff Notes, "Hillary's Henchmen"

George Webb
The following are best-effort transcriptions of the George Webb Video Series. The series is a daily, ongoing open source investigation of HRC with researchers in #HRCRatline on twitter and facebook and trello.
Previous Notes
  • [Day 126 part 1]
    • I said yesterday that you shouldn't use law enforcement as a way of extorting political contributions to the Clintons
    • Using Ratlines to finance political objectives--it gets worse and worse, it metastisizes, doesn't heal itself {{ it's cancer }}
    • If you have Palantir or PROMIS software, you can see--as Andrew McCabe can--all the ratlines, and all the people being targetted. So you can pick and choose when to do a prosecution and so forth.
    • George is no fan of Andrew McCabe, given that McCabe did Life Disruption on him.
    • JTTF is the underworld of policing--it's never reported on in any way shape or form to police chiefs or mayors--it's what happens after dark
    • John McCain Foundation -- Ashton Kucher is part of it. Kucher is crusading against child trafficking.
    • Hillary and McCain got together when Senator Clinton joined the Senate Arms Foreign Relations Committee -- the idea was to lock all arms buys for the US, and try to guide foreign policy into all these topples. They did Operation Timber Sycamore (the overthow of Syria), they did Operation Zero Footprint (Libya topple), several others Sudan, Honduras, etc.
    • McCain is involved in the asset forfeiture to a lesser degree
    • George recaps the event at Kaliko beach as follows: You have a party of 33 people, drunk, sidling up to the Kaliko Beach Club in a catamaran, with a bunch of girls, many over 18, 2 are 16 and one is 13. You target 8 of the adults as 'marks' out of the 33, the rest have a great time. The next day you publish a pedo bust, and Glenn Beck says mission accomplished, we saved 33 girls from sex trafficking. {{ '33' x '33' -- 33 is an occult/spy number that means 'this is a fake operation' }} This is not a real bust, it was a sham to give lip service to burgeoning concerns over human trafficking in Haiti.
    • "I'm only reporting the facts here"
    • McCabe is a man of contradictions
  • [Day 126 part 2]
    • I did not mean to say that the only program Hillary was using is these entrapment schemes run by Mccabe. It's actually one of many programs to target your political enemies.
    • Pug Winokur has the contract for managing the data of 30 different federal agencies; bureau of prisons is just one of them. By releasing poeple out of the bureau of prisons and making them informants, let's say for another agency that he manages, DEA for example, I can have DEA agents sell your kids opiods. And if they end up OD'ing that's a beautiful 20-yr-old heart. I published from zero hedge recently showing how the upswing in opiod deaths has now surpassed gunshot deaths. That's gunshot deaths including suicides.
    • That's DEA's Stu Rothenberg, very good friend of Comey and McCabe runs that show
    • George recaps the way that the agencies can harass people.
  • [Day 126 part 3 -- Morell Murders Another Journo]
    • In the last episode I talked about Mccain; how Sen Hillary got together with him and Gen Petraus.
    • They boxed the Senate Arms Services Committee to make sure the agenda of the DOD went through
    • DOD's agenda is to topple governments, get the resources, then create police actions, police farming operations through Dyncorp, which is all your sex trafficking, organ harvesting, etc
    • So when I say "deep state", I'm not saying it's Democrats for Hillary and Republicans for McCain. I'm saying it's DoD plants versus people who are more democracy-oriented
    • There has been at least a 20 yr program that began with Bill Clinton but when on through the Bush W administration and went out through 30 different agencies to ferret out the people who are democracy oriented and put in people that are DoD plants. That is called the Presidential Decision Directive 62, PDD-62, signed in May 22, [1998] {{George says, inexplicably, 1997 though text is 1998 and he's pointing to it}}, The "US Gladio Program -- D&D"
    • Basically it called for Disruption. A disruption campain is called an insurgency campaign> It called for CIA to bring their dirty tricks and combine them with the FBI. There were several FBI whistleblowers that the FBI was being used to surveil political opponents. How Hillary was using this program to go against Bill's impeachment [proponents]
    • Here is a 1974 article by Seymour ["Psy"] Hearsh, George's guiding light in journalism. About the CHAOS program against civilians that are anti-war protestors.
    • This is the whole idea of DOD versus Democracy
    • PDD-62 is a rebirth of CHAOS program, only nastier
    • Tonight you're going to hear about White Helmets, it's probably going to win the academy award {{Oscars, George}} for documentaries.
    • {{Netflix' White Helmets, did in fact win the Oscars, repugnant though it is, to those who are following this series}}, {{Also, George must be tired on this video, he's goofing up details}}
    • Canadian Reporter Eva Bartlett "white helmets are a total fraud" -- SOHR -- Oilgarch Rahman and Asfan Petrofac CEO White Helmets funder Recap
    • George was the one who pointed out the fact that Rahman's father was one of the founding members of the CFR and did all the construction projects all over the world. RT broke the story that he was doing all the oil seminars, but for some reason could not tie his father to the CFR ("for some reason")
    • Yesterday I also mentioned that the white helmets were not only NOT helping like they were supposed to (Eva Bartlett reportage), but they were using the civilian population of alleppo as human shields, and once people were killed, they were selling the war orphans to Arab Sheiks.
    • I said the same thing was happening in Mosul; and that this Iranian doctor was shelling out bodies (harvesting organs);
    • This reporter, Shifa Gardi, another Journalist, was murdered yesterday. She is the reporter who reported on that group of bodies--that mass grave outside of Mosul. I don't know why these women are the best at being able to see through these slimeballs. But she was murdered for that exact reason.
    • I'm going to say to Mike Morell: you cannot kill everyone--the truth is going to come out. It's just so much easier to tell the truth. You'll get your agenda. Just say we want to go in and take the oil. Trump will push with Tillerson. You don't have to murder everyone who comes out and tells the Truth.
    • Dr. Al-Attar and the Paul Wolfowitz connection -- the contract rubber stamper for contracts favorable to George Bush
    • This same doctor Dr. Al-Attar is still bankrolling these 3 Awan brothers and 2 Awan sisters to infiltrate our 3 most sensitive house intelligence committees.
    • Tonight you're going to see a huge fraud (white helmets) -- George Clooney is going to gaslight you tonight
  • [Day 126 part 4 -- Morell Murder Count Grows]
    • I have folks contesting that Shifa Gardi was on the way to a mass grave, looking at these hollowed-out bodies
    • "UPDATED: Kurdish journalist Shifa Gardi died chasing lead on an ISIS Mass Grave" by Rudaw[][][]
    • Trafficking ratlines, esp organ harvesting, leave footprints--DNA evidence
    • UAE Mansion in DC just went up in flames -- this is where they have eyes wide shut type parties
    • We have to keep looking for footprints to these ratlines, and that's going to prove the case. That's all for now.
  • [Day 127 part 1]
    • Between McCain, Hillary and Petraeus, they create a kind of cabal that control the Senate Arms Committee since 2001
    • They use the Palantir software to control sex trafficking ratlines, especially overseas, S. America and so forth
    • Any time a Senator like John McCain is taking money from Saudi Arabia ("MCCAIN-LINKED Nonprofit Received $1 Million from Saudi Arabia"[][][][][[]]()), it doesn't have a moral high-ground, Saudi Arabia did 157 beheadings last year, they are very involved (David Petraeus and so forth) in providing very young child brides to almost all the kings sons
    • Then to try to make a foundation that would have you believe that Ashton Kucher developed Palantir software is a stretch (Peter Thiel did), but then to be lectured that Palantir is going to be managing this to the welfare and benefit of all these women
    • When you look at Novo Foundation, it's a Buffet foundation, it's an oil deal.
    • I'm sure 97% of the women go to a great home, but I'm sure this marriage here will be listed as a 'save' where a poor girl being abused was put into a wealthy loving home
    • When you have this kind of moral compass, then everything you do rings false.
    • I'd rather have a General that comes out and says, this is a regime that beheads people and takes child brides, but that's actually child rape. I'd rather have a General that comes out and is truthful than creating these foundations that are artifices to keep you away from the truth
    • Palantir is great software when it's used for the right purposes, but when it's used to traffick girls, that are then ferried out to these oil shieks, it loses it's moral gravity.
  • [Day 127 part 2]
    • I feel bad for Bill Owens he's the father of the Navy Seal that was just recently killed in Yemen.
    • I know everyone in the House is asking for an investigation, but I'm going to go ahead and tell you the killers right now.
    • I'm not saying the Awan brothers pulled the trigger, but they were the fundamental actors, the leakers whose leaked intelligence to Yemen caused the death of the Navy Seal.
    • There has been no house oversight committee to talk about [Al-Attar + Awan Brothers; Rep Joaquin Castro's disinformationalizing], none of the representatives who have had their accounts hacked by Awans have come forward, no one is helping Trump, the only thing they've done now is go to the father of the Seal to tell him they want an investigation.
    • If they really wanted an investigation why wouldn't the FBI have 200 agents going trhough every email now.
    • Until those 650k emails are released, you can go ahead and catch Al-Attar and catch the Awan brothers, but you'll never know the true source of the leaks.
  • [Day 127 part 3]
    • The wiretapping that came up today in the house permanent select committee on intelligence is the wiretapping of Gen. Flynn
    • They say it was an incidental wiretap, that's how they got around not having to file a FISA court warrant, but even if that IS true, in order for Flyn's name to be unmasked, it would have to be either approved by Andrew McCabe or James Comey; and they are going to find out--and it IS going to be Andrew McCabe. {{I do not in any way understand this}}
    • Devin Nunes runs the House Permanent Select Committee on Intelligence -- I can't count how many times he's said there's no connection between Trump officials and Russian officials. But he DID say major crimes have been committed. This is supporting what I said this morning. IT's going to be the Awan brothers. This is violation of the Espionage act, punishable by DEATH
  • [Day 127 part 4]
    • Just wanted to say something about Gen Grange and Phoenix program -- the idea is not only to have a weaponized attack against your enemies and targets and such.
    • But in the case of political enemies--Hillary's deplorables--you want to make sure--in for example Obamacare--all your targets pay premium increases; and that you put all your people on special programs like Narcotics anonymous or social security disability, and that way you can control them with drugs if they'll do things for you with drugs, and you can cut them off if they don't do what you want them to do. That's how you have a motivated set of operatives.
  • [Day 127 part 5]
    • I would like everyone to tweet today's videos to Mike Flynn's son, @mflynnjr
    • Mike Flynn's son can make comments though Gen Flynn cannot
    • Have Flynn's son to ask about Awan brothers and why 3, 22-yr-olds were making 160k a year, and had root-level access to 3 most sensitive intelligence committees in the US. I'm not talking about a casual conversation with a Russian ambassador
    • Make those transcripts available for Mike Flynn because he had illegal surveillance ordered on him that wasn't approved by a FISA court by Andrew McCabe which is a felony; and was also unmasked which was a decision made by either James Comey or Andrew McCabe.
    • On top of that what were these 3 muslim brothers doing at this high level with the most sensitive information in the house's three most select committees?
    • Please send the tweet to @mflynnjr and ask him to have him and his dad retweet these videos from today
  • [Day 127 part 6 -- Adam Schiff Reopens Hillary Investigation - Summary]
    • Two things that Adam Schiff and Hillary are pushing are trying to knock Trump down are going to end up backfiring again on her
    • She's going after Michael Flynn; it's going to expose these Awan brothers, when you are making that much money you have to have a job code, personnel record, a supervisor's performance evaluation that justifies that kind of access, top secret security clearance, all sorts of log files on the servers they had access to. Somebody has to justify them having root-level access on the intelligence committees. Attacking Michael Flynn is the ultimate tar-baby attack. You're going to end up getting stuck in that terrible quagmire of answering for the Awans
    • Mr Schiff, do you know Jamal Awan? Were you aware that they had access to all of your email? Were you aware that the whole committees were compromised by 2 other Awan brothers. Are you aware of their connections to intelligence sources that connect them to both Muslim Brotherhood and sources that connect them to Hezbollah? These are questions that are NOT going to go away.
    • Plus we can ask those same questions of all those representatives that had them on their house IT staff. All these people are are going to be subpoenaed in any investigation that involved Michael Flynn.
    • These Awan individual are going to be prima facie evidence in these investigations
    • Compare my reporting to the NYT reporting: NYT is saying "unnamed sources". I'm naming the exact sources of the leaks. I'm naming their connection to a known CIA operattive Al-Attar. I'm naming his history of crime and fake billing. I'm citing sources where he has been connected to Hezbollah. I'm citing sources where he's been connected all the way back to the 2003 fast-stamping of projects, where he was brought in as an exile by the Bush administration. I'm citing sources, facts, known criminals, known CIA fixtures. Compare that to the NYT reporting and no offense to Mark Mazetti but I'm just trying to say Adam Schiff you're leading Hillary and your party down the tubes.
    • All Mike Flynn has to do in defense of his illegal wiretap that Andrew McCabe ordered is to say "I need to see the 650k emails to prove that these 3 Muslim brotherhood operatives were working against the legitimate purposes of the United States...I need to get that information", and he's going to be able to do that.
    • The same thing that they're doing with asking for an investigation about the death of the Navy Seal Bill Owens' son. That's going to also lead back to the 650k emails. And will also lead back to the Awan brothers, because it's the Awan brothers had the access to the house permanent select committee on intelligence's plans and that's where the leak was that caused the death of his son.
    • The reason you're hearing an excited level in my voice is because I can't believe this level of strategic mistake by Adam Schiff and Hillary--to where the investigation was slowing and stalling, they are pouring gasoline on the fire and bringing the investigation back to the 650k emails.
  • [Day 128 part 1]
    • Just when you think an investigation is slowing down Hillary delivers
    • She has Adam Schiff trying to expose this Awan brothers thing {{by misdirection]]
    • All these investigations that are phoney end up blowing back on Hillary
    • Jamal Imram and Abid -- 3 Awan bros
    • Adam Schiff we just don't know yet about the investigation with Russia--now he's expanded Russian agents to anyone who ever lived in Russia
    • This is just going to attract attention to this Awan brothers
    • Adam Schiff is going to try to shift this [phoney Russian investigation] over to the Senate to get away from the Awan brothers
    • Article came out in American Spectator: "Did Democrats Aid and Abet Terrorists Seeking American Secrets?", Scott McKay[]
    • Rep Jackie Speier (D-CA), she is one of 20 representatives that the 3 Awan brothers had access to. A Gang of 8 makes the recommendations; Speier is writing a year ago March 22, 2016 to get them top secret clearance, she's asking for background info because Top Secret clearance costs 30k
    • The 3 Awan brothers were later fired for illegally being in those files of the 3 intelligence committees
    • Feb 2, 2017 there were five house staffers caught stealing equipment from 20 different house representatives' offices. These are hard drives and computers. This is the Heathery Caygle, "House Staffers under Criminal Investigation for Alleged Equipment Theft" article in Politico[]
    • I'm wondering if we have a Watergate here?
    • Rep Jackie Speier her district is close to a part of SF where Kate Steinle was murdered[][]. THat was the guy who had 7 convictions and had been deported from US 5 times. And the city of SF refused to help deport him the 6th time, and if they would have helped, she'd be alive today.
    • Monica Welosovich [State Dept Employee MONIkA WESOLOWSKI], ever since she put up a picture of Donald Trump in her cube, she's gotten all kind of harassment. People cutting her brake lines. If you don't openly and overtly support Hillary Clinton, you are targetted. I remember reporting on the unions in cleveland in the 60s and 70s, saw people getting thrown off buildings and so forth. This sounds like the teamsters in lake erie on 1966. It just seems like there is this callous disregard for American Citizens with these government employees and these hiring practices. You take 3 brothers from Pakistan with top secret clearance, they end up cleaning out these government hard drives, working with Hezbollah selling US secrets. Yet the women who are long-time american employees get their brake lines cut. This needs attention. I'll keep following this story.
  • [Day 128 part 2]
    • Renaming the series to "Spies, Botherhoods, RatLines and Wiretaps"
    • Someone hacked slide 1 again, brought Imran Awan to the first slide
    • Not just using mercenaries, not just using spies but also using law enforcement for coverups
    • "Congressional Aides in Criminal Probe Owed Money to Hezbollah-Connected Fugitive"[]
    • 5 house staffers under investigation for theft--were these the Awan family? Now 4 Awan bros, 1 Awan wife and Omar: Abid, Imran, Jamal, Hina R. Alvi, Omar Awan -- they all came in through Obama 2009, except Jamal
    • 2.4x-3.1 median compensation for same gov job
    • If Schiff keeps trying to pull in Trump with this Russia thing, it's going to drag this whole Awan thing down
    • We are going to find who the 20 Congressional Staffers are
    • There was also an external server--this is the Hillary Server thing all over again--only this is the Awan's server. There were thumbdrives and hard drives stolen in this House hardware theft.
    • Schiff continuing this Russian investigation is going to drag down at least 8 House staffers to be called and subpoenaed.
  • [Day 128 part 3]
    • One of the issues with the Muslim Brotherhood in the US and overseas is that the funding is coming from Sunni nations of UAE Qatar, Saudi, Bahrain, very wealthy
    • They can pay to have insurgency groups in 39 different countries, like the recent one in Yemen, Europe, Charlie Hebdo
    • There is also the danger of having the Muslim brotherhood on the Intelligence Committees in the US Government, there is a real danger that they may be providing leaks to these folks to avoid drone strikes or the recent Navy Seal that was killed. If they know we were coming, and everyone's got a gun and all the terrorists dress like women and children it makes it harder to attack and obviously Bill Owens son obviously was murdered because of leaks from this group
    • There is so much money coming into the system that its difficult for politicians that are being supported by Muslim Brotherhood to turn down this money. And it's easier for politicians that want to single people out that are deplorables, it's harder to turn them down.
    • Andre Carson muslim in house, in house permanent select committee on intelligence. He accepts quite a bit of money from the muslim brotherhood. This is an umbrella organization. It's a uniting of 28 different muslim orgs in the US
    • The tendency is to provide jobs for people like Awan who potentially have their loyalties lying with Pakistan or shia or sunni.
    • Andre Carson actually came from a Fusion Center
    • You also have a situation where you have all the instances of 'radical islamic terrorism' expunged from the language of manuals at HOmeland Security {{Eyewashing}}
    • This type of outside influence where people are foreign nationals working for foreign governments, that's where I'm blowing the whistle
    • Andre Carson is sitting on two of the most sensitive committees in the United States
    • Here is where the Muslim Brotherhood could start saying guys like George, guys like me--who point things out like this--ought to be on the homeland security target list, the watchlist instead of people like the Awan brothers.
  • [Day 129 part 1]
    • Since McCabe is not going to investigate the 20 house staffers that have stolen laptops and thumbdrives doesn't seem to be something that the counterterrorism division of the FBI would investigate--the muslim brothers from Pakistan, breaking into 20 different staffer's offices--that's actually being investigated by the Capitol Police
    • The communications director for @capitolpolice Eva Malecki communications Director, what I would encourage everyone to do today is to tweet, "hows the Awan brother investigation going?" "How many different house reps were hit?" "what kind of stuff was stolen?" "Any arrests yet?" "Do we know if there was classified information stolen on the thumb/hard drives?"
    • This massive titanic leak makes watergate look like a bathtub compared to the Ocean
    • As long as we're not busy with FBI over here, can we stop the FBI doing wiretaps on war heros like Gen. Flynn?
    • Andrew McCabe said himself that Flynn's conversation with the Russian ambassador came up at random--ok but there's a law that put in by the Church Committee so that the Executive branch and the FBI couldn't just wiretap anyone they wanted to it's called the FISA court; you have to get a FISA warrant to get a surveillance on a US citizen. To my knowledge I haven't seen that FISA Warrant yet.
    • You also need another court order or high level person such as a deputy or director of the FBI to unmask the identity of an American that has been under surveillance and wiretap.
    • So I would like to see--and I asked Andrew McCabe several times this morning if we could see that court order, and Gen Flynn that court order.
    • If it's just random, can you explain how that happened? Were you just going through 330M different people's phone calls and it just spontaneously printed out Michael Flynn's conversation with the Ambassador?
    • To this day we still don't have the transcript to that. SO I think if you are going to accuse someone and ruin someone's career, you should produce the transcript and the FISA audit trail / warrant.
    • That was a judicial check on the executive and it appears that that process did not happen, which is a Felony.
  • [Day 129 part 2]
    • Until we find out what hard drives were stolen, until McCabe sends 200 FBI agents to investigate the 5 Awan familty, Citizen investigators will keep going
    • The good part is whether or not McCabe wants to wiretap war heroes or not go after people who are subverting our government and tampering with the top secrets of our country, citizens will go on anyway
    • Just in the last half hour it's proven the incredible power of citizens
    • @RepAndreCarson, @DevinNunes -- ask him 'was your office burglarized?", 'have you engaged the FBI, Homeland Security to find the hard drives that were stolen?"
    • George speculates on Awan bros with several questions he's asked before.
    • GregoryMeeks A prosecutor in NY, I wonder if he has contacted the FBI, does he know the extent of the damage to what was taken?
    • The five Awans had an external server, so it's fair to ask was the external server shepherding emails and putting them over on Huma's 650k email trove
    • I think I can show there's a direct connection between Debbie Wasserman-Shultz hiring all these people; they are represeting Sunni and Shia intelligence interests specifically Paki ISI, and these emails going over to Huma Abedin who has known connections through her parents to the Muslim Brotherhood.
    • I'm wondering if McCabe has walled that off
    • Unbelievably McCabe is still in charge of the CF investigation, the Hillary emails and Abedin emails
  • [Day 129 part 3]
    • Did the Awan Brothers' leaks kill Chief Owens?
    • Trump speech was very heartfelt
    • I feel sympathy for her but I want to find out if Awans were directly involved in his killing by forewarning people in Yemen
    • Anyone on the House PSCOI briefing in Jan; I believe the raid was the 26th. If the burglary of the offices occurred before the raid, it would have behooved any representative whose offices were burglarized to sell the Sec of Defence that the raid mission was compromised
    • My working theory was that the burglary was after that mission, on Feb 1st; but if we have any inkling that the Awans were feeding information to the Muslim Brotherhood, then those Awans were abedded in the murder of Chief Owens
  • [Day 129 part 4]
    • Talking about the Awans giving info to the Muslim Brotherhood and the ratlines, reminded me of another ratline from decades ago: When Hillary was running the Mena Airport Operation--drugs going south and drugs coming back in from the Medellin cartel into Arkansas and that person, another Pakistani Amjad Awan with Marc Rich's BCCCI
    • BCCCI bought--with Saudi/UAE backing--this bank called First American Bankshares (DC) and through that bank they loaned a lot of money to DC politicians to establish the Heroin Ratline. There was an existing heroin ratline but it really got spun-up through the Mujahadeen with Zbigniew Bryzinski. That's what created BCCCI, the heroin trade.
    • Here are the 4 bankers that started BCCCI (George points)
    • "Amjad Awan - Laundered Mena Airport Cash, Iran Contra Proceeds; Worked with Bert Lance, Marc Rich to Launder Medellin Cartel Money to Pablo Escobar Laundered by Noriega through Mossak Fonceca (Lawfirm in Panama); Sentenced to 12 Yrs for Drug Laundering"
    • Is there any connection between Amjad Awan and our [5 Awan] friends here with root-level access to all our house intelligence?
  • [Day 129 part 5]
    • Finally, Imran Awan was released from his job in the US House, but I believe he is still working for Debbie Wasserman Schultz
    • His wife was also fired today.
    • Of course they are going to backdate it and say, 'oh it had nothing to do with this series'.
    • My intention is not to get them fired, my intention is save lives of Navy Seals and so forth that are doing missions against the Muslim Brotherhood. I don't care if they are making 2.5x the median of what others in Congress are making. I'm trying to save US Soldiers
    • I don't know if you saw Caygle's update from Politico[]
    • Some good things happened today in a sense that a leak that could kill Navy Seals has been plugged, but the fact is: no FBI involvement, and the Capitol Police are still stonewalling in terms of arrests. And everyone admits that 20 different house of reps offices were burglarized for hard drives and thumbdrives
    • This case isn't going to go away
submitted by 911bodysnatchers322 to TruthLeaks [link] [comments]


2016.09.24 10:41 madpanda9000 Driver freeze in fullscreen

Hi guys, I know you typically don't welcome tech support requests here, but I've tried the tech support subreddit and couldn't get any assistance.
A month and a half ago I purchased 2 x Strix Furies (as per flair); since then I've been having issues with games experiencing huge freezing and stuttering bouts, where every 5 sec the system will freeze for 5 sec. This issue has persisted across all recent 16.7.x, 16.8.x and 16.9.x drivers (I haven't tried earlier, however that's going to impact my performance in other ways). I have tried the following:
The issue has been seen in the following games (I haven't played much recently, partly due to this issue):
My Radeon settings are set as the default for most of this, but I have tried disabling crossfire to no avail. My system was working fine with my crossfire 290X cards, so I strongly suspect the issue is tied to the Furies.
System:
submitted by madpanda9000 to Amd [link] [comments]


2015.09.11 20:48 CFMemberThrowaway Loss of Backpay and Time-in-Rank during COT(U)?

I went through a COT(U) recently from ACSO to INT. To my knowledge, due to the long delays in training, ACSOs and Pilots have always received backpay and backdated promotions for time-in-rank if their promotions to Lt and Capt were delayed due to no fault of their own (training delays, etc.)
I was eligible for Lt in May 2014, and would have been eligible for Capt in May 2016, except for the trade change due to meeting course failure criteria. I'm grieving the course failure decision for various reasons, however I can't find the references that speak to backdating promotions and backpay.
Just to show I've done my research, couldn't find anything in the DAODs or QR&Os, but did find CBI 204.03(6) and CBI 204.075, which I'm not sure I understand, given the technical language used.
Is there anywhere else I should be looking for these references? Or am I making things up that don't exist? The AdminO who is my grievance assisting officer didn't know of the regulations I was speaking of, and hadn't heard of anything speaking to her peers. Is it perhaps in a CANFORGEN or a Grivance Ruling? I seem to remember this backpay and rank seniority coming about because some pilots put in a grievance.
Edit: In case anyone ever sees this and needs the reference, I found it at CFAO 11-6, Annex A.
submitted by CFMemberThrowaway to CanadianForces [link] [comments]


2014.12.23 04:00 midgetginger Midgetginger goes to eli5 and shoves a golden dildo up the asses of the fulltards. (God bless the boys in blue)

merry christmas you filthy fucking animals....
None of you in options nation have sent me any pms this week so im goint to go way the fuck outside the box and explain my thoughts on the gs fraud case a couple of years back...
Ready....
It was fucking bullshit. GS settled because with the SEC/CFTC you can often times settle a whole suit because it is all encompassing and backdated. That being said, in my humble opinion, GS got fucked. Here is why (taken from a previous post):
So no not exactly... or at all... a few things to remember about the ahh "fraud" of the fabulous fab:
  1. (An I cant stress this enough) firms must do due dilligence and apparently we have all forgotten that. I really hate to get into the whole generational argument but the fact is that those of previous generations simply were better at investigating companies, assets and the like than we millenials are. The other side of Goldman... or in this case Goldman ("005") on behalf of paulson failed to do due dilligence or their system of risk management sucked.
  2. What is your take on insurance?
  3. The swaps that Goldman was facilitated was insurance - just like any other optionn, swaption, swap etc etc - if something breaks down (like your body and health insurance) or ceases to exist (a la life insurance) the option pays out. Of course you pay a premium for this privalage (hence the term swap - you are exchanging the premium cash flow for the face value [of the swap in case of default]) cash flow.
  4. Paulson was a fucking nobody before 08- this drives me fucking nuts when people point to the best trade this guy made and then said he was some huge dude on the street. He fucking wasnt.
  5. I dont know who is on the other side of my trade and i dont fucking care and even if i did know and it turned out to be SAC, citadel etc etc i wouldnt care because the only way i make money is to trade and facilitate.
  6. GS shoulda told the SEC to go fuck itself. I and the rest of rhe street thought it was bullshit.
And last but not least....
  1. The people on the other side were fucking pros - not mom and pop - but institutional fucking investors. Yeah they should have fucking known better (see point one)
submitted by midgetginger to options [link] [comments]


2014.11.20 03:55 Test_the_limits [Audit Project Help] Looking for some help to answer a few core questions.

Looking to get some help/insight into an Auditing class project/presentation. We are asked to evaluate an SEC AAER (Accounting and Auditing Enforcement Releases) and answer some core questions:
1) What were the auditing deficiencies? 2) What is the proper accounting? 3) What were the red flags? 4) What should the auditor have done differently?
Here is the AAER: http://www.sec.gov/litigation/opinions/2012/34-67900.pdf
The AAER is on the Company Embarcadero Tech Inc. & its CEO (Wong) and their controller (Michael C. Pattison)
TLDR: As a team, they backdated stock and Pattison (Controller) a licensed CPA at the time, was convicted and ordered to pay a fine, in conjunction with the Commission permanently disqualifying Pattison as a practicing accountant before the Commission.
I have the basics of some of these questions, but The AAER case really does not give very much information on the auditors and what procedures and such they used.
So I was looking for any help or insight to answers to any of these questions. Below is a start to the information that I have. (at this point some of the information may be better under a different core question) But I wanted to post information that I have worked on thus far.
What were the auditing deficiencies?
• Gathering sufficient audit evidence o Date check of when Wong approved o Pattison did not properly record backdated stock option grants (Proper presentation & Disclosure) o To be legal, backdating must be clearly communicated to the company shareholders, properly reflected in earnings, and properly reflected in tax calculations o Pattison produced quarterly summaries that he knew contained backdated information, and parking backdated stock options in various inactive employee accounts for later use o “every stock option grant during the period in question has a grant date selected with hindsight, yet (Pattison) never expressly disclosed the date of ACTUAL APPROVAL by CEO Wong on ANY document. o
• Exercising due professional care o Pattison did not tell the auditors that Wong instructed him to “sock away” stock options or to “wipe” the Scantland grant • By contrast, Rule 102(e)(1), codified by the Sarbanes-Oxley Act of 2002,41 authorizes the Commission to discipline professionals for "improper professional conduct," defined for accountants as conduct that the Commission finds "results in a violation of applicable professional standards," and meets certain mens rea requirements.
• Demonstrating appropriate level of professional skepticism o After the auditors tested the Scantland grant as part of their review, they recorded in their workpapers Pattison's explanation that the Scantland grant had been an error and recorded in the wrong place under the wrong name. Pattison did not tell the auditors that Wong instructed him to "sock away" stock options or to "wipe" the Scantland grant.
• Using inquiry as form of evidence (relying too much on this method) o Embarcadero’s VP of human resources spoke with Pattison & Pattison admitted that he “put some options in an employee’s account for another employee” and the VP responded with “ it is just wrong on so many levels” (He did not do anything else! May 2004)
• Relying on internal controls (rely too much/failing to react to known control weaknesses) o Pattison knew that Scantland was no longer an employee and that the stock options were not intended for him o Pattison recorded the recording of all equity account activity, including activity related to the issuance of stock options to employees (Segregation of duties) • Under APB 25, a company granting an in-the-money stock option is required "to record an expense for the 'profit,' treated as compensation to the option recipient over the [option's] vesting period."15 In other words, the benefit to the option recipient is recorded on the company's corporate books and in the company's financial statements as a non-cash compensation expense.16 Otherwise, "the company's reported net income is overstated for each of the years the options vest, potentially deceiving the market and investors."17 Pattison knew that under APB 25 "in-the-money" options had to be reported as a compensation expense. o Pattison produced quarterly summaries that he knew contained backdated information, and parking backdated stock options in various inactive employee accounts for later use o Board of Directors did not properly designate individuals to maintain records of stockholders.
submitted by Test_the_limits to Accounting [link] [comments]


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