[Axenolith]

The funniest part of that story is the fact that they probably carried your "overdue" amount, and similar quantities from thousands of others as "current accounts recievable" on their books and then borrowed against it on revolving credit lines!

I worked at a place a while back where one of the district managers was booking proposal numbers as revenue. This stuff works for maybe a year or so at best (longer when the whole company is involved) but when the gig's up, the cows come home to roost!

[FreeLibertarian]

Certainly my company wasn't the only one targeted by this scam. My apoligies to MCI's stockholders bu I must admit that because of their scam I've rather enjoyed watching MCI self destruct.

[FreeLibertarian]

Last November I completed a project as a sub-contractor where the prime contractor ended up waiting 6 months for payment. It turned out the end-users project was over budget and their project manager had hidden $500,000 worth of invoices in his desk for 6 months while he sought other employment. His employer found the invoices when they cleaned out his desk. If I had been the prime instead of the sub I would have been out of business and the project manager would have been the Ace of Spades on my personal deck of cards.