Indian reseller and outsourcer Mahindra Satyam and its auditor PwC have paid a total of $16m to end a US investigation into fraud charges. The Securities and Exchange Commission said yesterday that failings by five PwC Indian subsidiaries allowed the massive fraud to go undetected for years. It said the problems were not limited …
Crooks in Flash Suits are still Common Criminals
"The company stressed it was not admitting, or denying, any wrongdoing by paying up. " ..... How many times has one heard that total load of bollocks from parties as guilty as sin of being really stupid crooks, and probably walking away with billions because of their conniving actions. Although of course, it isn't real money they're working with, but rather the markets', which rely on such shenanigans to keep themselves afloat in a see of imaginary debt and/or imaginative credit.
Now tell me that it isn't true, and prove yourself a prize fool, fooled yet again. And it is this quote from Abe Lincoln, you need to be considering in these changed informative time .... "You can fool some of the people all of the time, and all of the people some of the time, but you can not fool all of the people all of the time." ..... and NOT this one from a more recent retard in the White House ...... “You can fool some of the people all the time, and those are the ones you want to concentrate on.”
not admitting, or denying,
bit bloody late for that, surely?
$19M and they claim the payment does not admit culpability. This provides a very interesting insight into the justice system and large coroprations