How Deloitte US May Be Held Liable For ChinaCast Fraud

What’s different about this Chinese fraud lawsuit is that it names a US Big Four firm as a defendant. Not only has that not been done before but the US firms have traditionally been able to insulate themselves fairly successfully from frauds that happen abroad. It’s that global network “thang”.

Getco Acquires Knight Capital: No Auditor Was Harmed In The Process

Getco’s deal for Knight Capital was a good-old reverse merger, just like the chop suey the Chinese have been using to perpetrate frauds right under the SEC’s nose. Please read to the bottom. I don’t even have to make this stuff up anymore.