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Pastimes : LIST of COs. WITH HIGHLY QUESTIONABLE ACCTG. PRACTICES

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To: Paul Berliner who started this subject8/29/2000 10:38:49 PM
From: David K.  Read Replies (1) of 59
 
Paul, it is very important to alert investors to the book cooking and other nefarious executive activities. I think compulsive insider selling and the lack of insider buying is often the first sign that something is amiss. In the face of future culinary activity, insiders usually take their profits. Take the case of Unify. The CEO and sold all his shares before the company, announcing major financial misstatements, stopped trading on the NASD.

Once when researching a bank, I discovered that the brother of one of the directors was involved with organized crime. The police searched the house of the the director himself. I wouldn't be surprised to know that this director himelf with "indirectly" involved in the drug trade.

Wouldn't it be helpful if someone set-up a data bank on company BS that all investors could easily access?
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