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Strategies & Market Trends : Value Investing
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To: Bob Rudd who wrote (13905)2/12/2002 3:59:21 PM
From: jeffbas  Read Replies (1) of 78704
 
Bob, my dictionary defines fraud as "any deliberate misrepresentation of the truth or a fact used to take money, rights, or other privilege or property away from a person or persons". If what ELN did in reporting earnings, based on what the WSJ reported (in my opinion, deliberate misrepresentation of the facts in order to maintain the value of a financial asset at a level that it would not have in the absence of such misrepresentation), doesn't meet that definition, I guess we just don't see the world the same way.
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