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October 2, 2023

Footnotes: PwC Hugs Trees; Florida Man Hits New Low; Student Debt and You | 04.22.14

US student debt isn’t as scary as everyone says Exclude lawyers, they're screwed. [Quartz]

Remember that time PwC redid all their marketing materials and likely tossed all the old stuff away? Me neither. [Twitter]

Former Accounting Assistant Pleads Guilty to Federal Charge in $144,000 Theft from Non-Profit Tabitha Harley-Williams, 34, pled guilty today to a federal charge stemming from the theft of more than $144,000 from a non-profit organization where she worked as an accounting assistant, announced U.S. Attorney Ronald C. Machen, Jr. and Valerie Parlave, Assistant Director in Charge of the FBI’s Washington Field Office. [FBI]

If you work at the IRS and screw up, you might get bonuses and a paid vacation yippee! [Chicago Tribune]

Court grills prosecutor over insider trading cases Judge Barrington Parker raised questions about the government's approach as a three-judge panel of the 2nd U.S. Circuit Court of Appeals in Manhattan heard oral arguments in two cases Tuesday. His challenge came as the government is riding high after compiling a record of 80 successful prosecutions in insider trading cases in recent years. [WSJ]

A sleazy Florida lawyer and accountant has been sentenced to five years in prison for trying to seduce a 14 year old girl [The Ledger]

David Einhorn: Maybe It’s Time To Asking Questions Like, “Why The F*ck Did A Startup Texting Service Sell For $19 Billion?” And once again, certain “cool kid” companies and the cheerleading analysts are pretending that compensation paid in equity isn’t an expense because it is “non-cash.” Would these companies be able to retain their highly talented workforces if they stopped doling out large amounts of equity? If you are trying to determine the creditworthiness of these ventures, it might make sense to back out non-cash expenses. But if you are an equity holder trying to value the businesses as a multiple of profits, how can you ignore the real cost of future dilution that comes from paying the employees in stock? [Dealbreaker]

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