The Dropout cover image

Setting the Stage

The Dropout

CHAPTER

Denice Testified That She Was Aware of the Financial State of the Company

Denise told the court about thernos's financial troubles. Denise said at times she was updating elizabeth weekly, sometimes even more frequently. This seemed to feed right into robert leech's out of time and out of money narrative from his opening statement. But perhaps the most explosive part of denice's testimony came when she talked about therenos's lack of an outside auditor. Public companies are required to have their statements audited by outside financial firms. It's a kind of check an balance, to be sure the company isn't committing fraud. Private companies like therenos also typically use an outside auditor for credibility. Many investors won't even consider putting their money with a company that doesn

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner