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102: Eugene Soltes – Unraveling a $65-Billion Ponzi Scheme and Notorious Cases of Insider Trading

Chat With Traders

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The Case of Beezer and the Farm

Rand Beezer was indicted for what would be called cookie jar accounting. Was being held responsible for not over reporting earnings as almost as in variable case, but actually under reporting earnings. The chart against him is saying that he basically instructed his executives to support it to basically over reserve and In over reserving try to lower earnings for the firm so they wouldn't blast past estimates.

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