Courtesy of lawyers representing The Iowa Public Employees’ Retirement System, who are suing the Green Dot over WG Trading Co., a firm allegedly used in a Ponzi scheme:
Deloitte “acted in willful blindness of the scheme, and its auditing practices were so deficient that the audits amounted to no audit at all, or an egregious refusal to see the obvious, or investigate the doubtful, and the professional judgments which it made were such that no reasonable auditor would have made the same decisions if confronted with the same facts,” lawyers for the pension fund said in the complaint.
If you've managed to read something else that's even more disparaging, please let us know.
Deloitte & Touche Sued in New York Over WG Trading Fraud [BBW]
