When accounting goes unaccounted for
“Charles Ponzi is now a footnote. They’re now Madoff schemes.”
— Anthony Sabino, a defense lawyer specializing in white collar criminal defense, famously said in July 2009 after Bernie Madoff decided not to appeal his 150-year sentence for fraud. As you’ve probably heard by now, Madoff died today in jail at the age of 82.
Madoff won’t appeal 150-year sentence [Associated Press]
Ponzi schemer Bernie Madoff dies in prison at 82 [Associated Press]
“We are pleased to have resolved this matter. We are committed to maintaining clear and accurate reporting of our periodic results, supporting our customers, and executing our growth strategy.”
~ Michael Dell doesn’t seem too broken up about today’s little setback.
“The film is not famous in Germany. Nobody knew of the film until the version […]
“If I was on the audit committee which received this letter, I would certainly be shopping my account right now.”
~ Felix Salmon, on Ernst & Young’s “hilariously disingenuous” letter to various audit committee members.