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...The edtech company, which delayed reporting a $560mn loss in its 2020-2021 year, has suffered the resignation of its auditor Deloitte and of three board members representing its backers....
...In another reported exchange, Forlano replied that “Rigatoni”, a nickname for Viggiano, “literally works for” Blackstone, and Bleckley responded, “F[**]k u should’ve told me f[**]k the feds.”...
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...its loan....
...FT Alphaville decided to take a look at how Vivion reported the shareholder loans in its balance sheet....
...In a lengthy report published on Wednesday, the hedge fund took aim at a series of allegedly suspicious related party loans and transactions involving Vivion’s controlling shareholder, the Israeli property...
...CC-1 proposed a back-dated transaction to undo any sort of debt he might owe as a result of wire transfers being recorded on Alameda’s ledger as “loans.”...
...Commended Baker McKenzieO: 8; L: 7; I: 7; Total: 22Led by partner Kammalard U-rapeepatanapong, the firm’s Thailand office has done pioneering work on digital assets in the region....
...In quarterly balance sheets that Alameda provided to its third-party lenders, Alameda tracked this liability as a “loan,” but did not specify that the “loan” was from FTX....
...It was a filing made by an entity named FCM BBBY Holdings, LLC which listed its address as a nondescript Wyoming office building....
...Repackaging the loan was one of many questionable moves made by Braun and his fellow executives....
...And despite sitting atop a sprawling financial empire that included a German banking subsidiary, Greensill’s main UK business employed a relatively obscure auditor — Saffery Champness, in 2018 ranking as...
...and Zuber Issa, the brothers who run the TDR Capital-backed petrol stations business EG Group, made their most audacious acquisition yet: buying Asda from Walmart — days before Deloitte resigned as their auditor...
...Muddy Waters had previously raised concerns over the Big Four auditor’s independence, noting that NMC’s board included former EY executives....
...He captured hearts by vowing to pay off the student loans of the entire Morehouse College 2019 graduating class, the historically black college in Atlanta....
...Or does a U, W — or dreaded L — shape loom? Instead, the shorthand symbol for ‘bank’ seems relevant, particularly given the Fed’s powerful response....
...Mr Bomford serves on NMC’s audit committee, but used to work for NMC's auditor EY....
...The report lists loans to “related parties” of about $7.4m at the end of 2018, up from $1.5m a year ago....
...KPMG employs Grant Thornton as its own auditor....
...It did: the auditors wanted to take a cumulative run of 20% of the MI being taken in steps over five years (20% Year 1, 40% Year 2, 60% Year 3, etc)....
...According to the indictment, some of the money was then used to repay the same equipment lenders who had extended the loans in order to maintain the credit profiles of Newsweek LLC and Christian Media....
...Eventually, the OAG notes, the group ended up being banked by a subsidiary of a New York-based entity named Noble Markets LLC....
...Steinhoff’s shares have lost almost 90 per cent of their value since auditors Deloitte refused to sign off its accounts last month....
...IQE said the claims were “without merit” and its shares rose on Monday on news of other joint venture customers, a new auditor and less short selling....
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