3 ms·
it happens all the time. multiple (larger) companies i've worked for have had these scandals come to light. the shady LLC or sometimes offshore corporation ju
by beachstartup 12y ago
it happens all the time. multiple (larger) companies i've worked for have had these scandals come to light.
the shady LLC or sometimes offshore corporation just recognizes it as normal revenue.
- viggity 12y agoworse yet, a lot of times the fleeced company sweeps it under the rug. the $X00,000-$X,000,000 that they they were screwed out of isn't worth the hit the stock price takes as the market judges the existing leadership for not catching it sooner. I personally know of a case where a VP did this with contractors to the tune of ~$1.5M at a mega-bank. Just got fired, no pressed charges, no civil suit. Too embarassing.