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Non-Tech : Versatech (VITC)

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To: tony di fatta who wrote (261)12/22/1997 11:39:00 PM
From: Sid Turtlman  Read Replies (1) of 435
 
Tony: I certainly don't blame the auditors for running away from this client. No fees that DHMG could afford to pay would be worth losing their accounting license.

There was a story on Bloomberg today that had a funny quote from Chris Ciesielka, one of Hagen's cronies. When asked about auditing Universal Network, which one would absolutely have to do for there to be any chance of correctly auditing DHMG, he said that DHMG didn't want to spend the money for that audit "to prove something we already know".

Well, it looks like the SEC, the NASD, and the auditors know it too, now. This ship is sinking fast.
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