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Audited Accounts Mean Nothing – The Great Sam Antar on twitter fire overnight

By Tom Winnifrith, The Sheriff of AIM | Wednesday 3 December 2014

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

For some reason I could not sleep so at 3 AM I had a good chat with my good pal Sam Antar the mastermind of the biggest Wall Street accounting fraud of the 1980s ( Crazy Eddies) who is now a fraudbuster. Sam is a bit of a night owl but also a twitter fiend and overnight he laid into the idea that audited accounts mean anything. We also exchanged tweets on the BearCast earlier on TNAV (HERE). Time for bed Sam but this is a great volley at the accounting profession on the 13thanniversary of the demise of Enron.

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