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Biotech / Medical : Labwire Inc.

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Oct 31 9:30 AM EDT

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To: scion who wrote (1654)	8/28/2009 6:06:10 PM
From: scion	2 Recommendations Read Replies (1) of 1698

FRAUDULENT SCHEME A. M&A's Business 9. M&A is an auditing firm registered with the PCAOB. M&A had only three public issuer audit clients in 2005; but by the end of2008, the number had grown to approximately 300. A majority of M&A's public issuer audit clients are development stage or shell companies, although approximately 10% are operating companies with ongoing operations. M&A received approximately $3 million in fees from its issuer audit clients between 2005 and 2008. Moore was M&A's only CPA from its formation in 2005 through December 2008, when it hired an individual with a CPA license but no recent auditing experience. Prior to forming M&A, Moore worked as an accountant or bookkeeper but had little or no auditing experience. Moore nevertheless supervised all audits, reviewed all audit workpapers, and signed all audit reports. SEC Complaint courthousenews.com Note - file download may be slow.

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