BARRY RITHOLTZ: Does Lender Processing Services Deserve the Corporate Death Penalty?

Categorized | STOP FORECLOSURE FRAUD

BARRY RITHOLTZ: Does Lender Processing Services Deserve the Corporate Death Penalty?

BARRY RITHOLTZ: Does Lender Processing Services Deserve the Corporate Death Penalty?

They deserve so much more but we’ll leave that up to the AG’s to come up with who deserves what. The BS thing is once CEO’s are aware of any criminal investigations they resign effective immediately for whatever issues….but still walk away with the millions they raked in with the fraud.

In case you’re looking to catch up with LPS news, I’ve had a dedicated section HERE since 2010 because I knew this would always come handy some day.

The Big Picture-

Think back to the giant fraud that was Enron. It was enabled — indeed, it was only possible — by the criminal behavior of their “Big Five” accounting firm, Arthur Andersen. This massive fraud perpetrated on the investing public was only possible due to the cooperation and active participation of their accountant, who were found guilty of “obstructing justice when it destroyed Enron Corp. documents while on notice of a federal investigation” charges. For this sin relating to their handling of Enron’s audits, Arthur Anderson was forced to “decertify,” voluntarily surrendering their license to be Certified Public Accountants in the United States. By voluntary, we mean they had no other choice.

[THE BIG PICTURE]

image: The Big Picture

© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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CONTROL FRAUD | ‘If you don’t look; you don’t find, Wherever you look; you will find’ -William Black

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