Former Rite Aid Execs Accused Of Fraud

Three former Rite Aid Corp. executives were indicted Friday on charges that they falsified the books in a scheme that inflated the drugstore chain's profits by $1.6 billion and forced the biggest restatement of corporate earnings in U.S. history. The 37-count federal indictment accused a current executive of lying to a grand jury.

My friends, this has been going on for many years...and most of it goes back to Clinton---not only as Pres--but before in Arkansas. In the mid l80-s Ga. Power, Ark. Power,Fla and Ala. power co's and their holdidng co. Southern Company, were indicted for freaud by IRS. being accused of cooking the books...dBig trial took place in Atlanta. They were accused of falsifying books...listing property for depreciation that had been depreciated out many years before--- claiming millions of dollars in depreciation for parts, equipment, turbines, etc used in prior years but claiming were still in stock. thousands of acres of forest land previously depreciated out. Anderson was the auditors and were part of the suit...Clinton was involved with Ark. Power...and is stilll involved with many foreign energy corp. along with Rubin, McAuliff and their ilk.
We have been living under a false economlly since Clinton took office. He taught it to the CEO's to make his adm look good. The only thing that was really right about the economy over the Clinton years was thed Microsoft with windows which turned the world loose with technology. and they brought it down and sdhattered the economy. Clinton and his Hitllerly wife have damaged the entire economy of thlis great nation. Not to mention his and her's terrorist ties.... Our economy is bust and is going down.and Rubin, Terry McAuliff and the Clintons and others are still pulling strings in the background and the media is aididng and abetting in the coverup of the many corporations still hiding the cooking of books that made the false economly seem rosy....l Stretch in
Apple Valley, CA.

I do believe most people know large corporations operate fraudulently, but what can the little guy do about it? I think it's interesting that they are all falling like dominoes now. I wonder what's up? This couldn't be happening unless there were a force in the background escalating it. Do you think Bush has anything to do with cleaning up Corporate America?

This couldn't be happening unless there were a force in the background escalating it. Do you think Bush has anything to do with cleaning up Corporate America?

Just a guess but, it is possible that with what has happened to Arthur Andersen has served as an example to the auditing industry that they better be vigilant. The result might be that the auditors are no longer going along to get along.

They'll receive a bit of jail time and a fine. It seems that our justice system has a soft spot for swindlers.

If Shakespeare was alive today, I think he'd have written: "First, we'll kill all the
accountants and fraudulent corporate heads.".

It certainly seems a few heads should roll (figuratively).

Personally, I'd give $10 to a prosecutorial fund that would eventually have
Martha Stewart doing her show from her prison cell.

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