extract:
Enron, Tyco, WorldCom in the US; Adecco in Switzerland, Parmalat in Italy ... the list of global players engaged and caught in the act of manipulating their books has grown amazingly in the last few years.
Time to start asking a few pertinent questions about that heinous crime and its perpetrators:
1. Why do they do it?
2. How do they do it?
3. Why do they always get caught? Or are there any out there who don’t get caught?
The first question, namely why we see an increase in balance sheet manipulation, is ...
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