He's replacing Neal Spencer who is the guy that kinda looks like he's from the future. So, while BKDers lose a nice clean scalp, in return they get a CEO with a surname that will encourage immature jokes. But you better get it out of your system now because he'll be a BSDickman. [AWEB]
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(UPDATE 2) Bucknell Accounting Student Accused of Being Serial Flasher
Earlier today I was tipped to this story about a man accused of being a serial flasher in central Pennsylvania. Last week WHTM reported that Jay Patrick Knaub, a “straight-A student at Bucknell University” was accused of “20 counts including unlawful contact with minors, indecent exposure, and open lewdness.”
Right. So you can use your imaginations about what “lewd act” actually is but personally, “jerking off” or “spit-shining the ol’ water pump” comes immediately to mind. Maybe you have other ideas. ANYWAY, Our tipster informed us that “this gentlemen may, in fact, be a [Big 4 firm] summer intern out of the Philadelphia office.” Right now I cannot confirm the firm in question but did find that a Jay Patrick Knaub who is a junior at Bucknell with a major in accounting. And yes, I also found a Jay Patrick Knaub on the prison list at Dauphin County Prison. All this dong exposure started a few of weeks ago and fairly crude police sketch was put together before Knaub was arrested. Apparently, Knaub was getting pretty confident in his skills as the third incident allegedly occurred one block from the police department. Knaub was arrested on July 1 thanks to tips, “especially the description of Knaub as a ‘computer geek,'” as the Fox43 anchor put it. I called Dauphin County Prison to see what I could find out more about the possible internship but the very nice woman who helped said that Mr. Knaub wasn’t interested in speaking with me. I also left a message with his attorney, Mr. Boyle, but have not heard back as of yet. Of course if you’re familiar with Mr. Knaub or worked with him, please get in touch. Updates to come. UPDATE: I know that he was an audit intern, and was working on some of our Harrisburg area clients. From what I’ve been able to gather, he was fired a few weeks ago, but nobody was really told why. One of the other interns who went through training with him saw the story online [Monday], and it’s been circulating the office ever since. Assuming Knaub was fired shortly after his arrest (over two weeks ago), the firm would have wasted no time in removing his name from the directory. I called the Philadelphia office of the firm in question, asked to be connected to Knaub but was told that he was not in the directory. UPDATE 2:
Some have noted in the comments that Jay Knaub hasn’t been found in their respective directories. This is because he isn’t in any directory. From our tipster:
If you’ve checked the directory lately, looking for Knaub’s name, you’ll find that it’s no longer in the directory. I’ve reached out to the registrar to find out what the story is but have yet to hear back. Will keep you updated.
Friday Footnotes: PwC Runs to Supreme Court; Accounting Firm Hacked; CFO Accused of Fraud Shares His Story | 2.21.20
U.S. House Subcommittee Scrutinizes Accounting Rule Maker [Wall Street Journal] The new chairman of the […]
Silvercorp Metals Asks That You Not Believe Anonymous Letters Alleging Accounting Fraud Just Because They Have Assets in China
As we’ve discussed, companies listed on North American stock exchanges that happen to have ties to China haven’t faired too well. The problem? Some dodgy accounting and disclosures. It’s caused a lot of angst amongst investors and there was enough concern that someone actually decided to wake up the PCAOB and SEC to let them know that something might not quite right over there.
Today’s news that Silvercorp Metals, a Canadian mining company who happens to do some work in China, is the subject of a letter that is making the rounds alleging accounting fraud probably doesn’t come as a surprise to anyone but it sure has irked the hell out of the company.
The allegations against Silvercorp are “entirely bogus,” Lorne Waldman, a Silvercorp spokesman, said today in a telephone interview. “If we didn’t have assets in China this wouldn’t be happening.”
And while they’re at it, the company will have you know that they were not created in a one those so-called reverse mergers that have everyone sketched out.
Waldman denied the mining company was created in a so- called reverse takeover, as was Sino-Forest. He said that Silvercorp’s auditor is Ernst & Young LLP, the same firm that audited Sino-Forest’s financial statements.
Oh, right. Ernst & Young. There’s no cause for concern since they’ve seen this before so they’ll probably just sit tight to see what happens. The silver lining for Silvercorp is that Roddy Boyd has written anything about them. Yet.
Silvercorp Says Accounting-Fraud Allegation in Anonymous Letter Is False [Bloomberg]