It is kind of incredible

The IT Factory seems to have been set up entirely as the front for a fraud. Amount is reckoned to be about $170m - is that enough? Maybe to get us out of our current plight (buy out D&M, pay off debts, etc.) and get us out of the Championship; but after that?

Posted By: BerlinCanary on December 3rd 2008 at 11:05:53

Message Thread

fao Berlin Canary (General Chat) - camcan, Dec 3, 10:34:15
- The IT Factory guy? (General Chat) - BerlinCanary, Dec 3, 10:39:40
  - Just read the story - love a good fraud. (n/m) (General Chat) - camcan, Dec 3, 10:44:55
    - Yeah - I only heard about it yesterday (General Chat) - BerlinCanary, Dec 3, 10:49:50
      - Seems like Ernst & Young were their auditors (General Chat) - BerlinCanary, Dec 3, 10:52:51
        
        No, KPMG were the auditors (General Chat) - BerlinCanary, Dec 3, 10:56:46
        
        think he's done a cracking job really... (General Chat) - camcan, Dec 3, 11:01:33
        
        It is kind of incredible (General Chat) - BerlinCanary, Dec 3, 11:05:53
        
        Oh, and someone in Denmark has already done that... (General Chat) - BerlinCanary, Dec 3, 11:08:02
        
        Well it would be enough to buy out Delia... (General Chat) - camcan, Dec 3, 11:11:09

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