Free Republic

The Clinton Foundation has until November 16 to amend more than ten years’ worth of state, federal and foreign filings, but it’s going to be virtually impossible to do so without acknowledging that it has engaged in massive accounting fraud since its inception The Clinton Foundation has gotten a good deal of unflattering attention as of late, which isn’t surprising given that its best known namesakes are Bill, a former president and chronic philanderer, and Hillary, who hopes to be the nation’s next leader. Furthermore, the foundation portrays itself as do-gooder nonprofit organization but a cursory look reveals questionable and...

wonder if CNBC will finally cancel the ludicrous Jim "truth" Cramer campaign once this news breaks. We doubt it - ... SEC Charges Financial Media Company and Executives Involved in Accounting Fraud. Washington, D.C., Dec. 18, 2012 — The Securities and Exchange Commission today charged a digital financial media company and three executives for their roles in an accounting fraud that artificially inflated company revenues and misstated operating income to investors. ... The SEC alleges that TheStreet Inc., which operates the website TheStreet.com, filed false financial reports throughout 2008 by reporting revenue from fraudulent transactions at a subsidiary it had...

Fannie Mae's stock price has been on an upswing since late summer, reflecting investor confidence that a Democratic Congress would make strict scrutiny of the mortgage giant less likely (see the nearby chart). And there's no doubt that with Barney Frank wielding the gavel in the House Financial Services Committee, Fannie Mae and Freddie Mac will have a pal on Capitol Hill. Mr. Frank is already talking about expanding the companies' operations (and thus taxpayer exposure to any financial accident). Fortunately, James Lockhart is still running the Office of Federal Housing Enterprise Oversight, or Ofheo, and he's shown no appetite...

5:00 pm 7/24/02 Chief Executive Richard Parsons said Wednesday that the U.S. Securities and Exchange Commission had opened a fact-finding inquiry into its accounting practices. Parsons announced the news at the company's conference call and defended the company's accounting practices. The Washington Post last week ran several articles that AOL Time Warner boosted revenue figures through unconventional deals the past couple of years. SOURCE HERE

IMAGINE A patient at a medical checkup. Let's say she's important: She runs a major company or she runs in the Olympics. There's a lot riding on her health, so she gets wired up to a vast battery of medical equipment, and a team of high-priced doctors notes her pulse and blood pressure and other vital measurements. After long and learned study, the doctors pronounce the patient healthy and publish her charts to prove it. But the numbers in the charts turn out to be fictitious. The machines didn't work, and the doctors all knew it. The patient soon falls...