{"id":752,"date":"2007-06-11T13:43:10","date_gmt":"2007-06-11T18:43:10","guid":{"rendered":"http:\/\/www.sequence-inc.com\/fraudfiles\/2007\/06\/11\/what-to-do-when-a-public-company-is-caught-falsifying-the-credentials-of-the-cfo\/"},"modified":"2007-09-13T11:45:17","modified_gmt":"2007-09-13T16:45:17","slug":"what-to-do-when-a-public-company-is-caught-falsifying-the-credentials-of-the-cfo","status":"publish","type":"post","link":"https:\/\/www.sequenceinc.com\/fraudfiles\/what-to-do-when-a-public-company-is-caught-falsifying-the-credentials-of-the-cfo\/","title":{"rendered":"What to do when a public company is caught falsifying the credentials of the CFO"},"content":{"rendered":"

So when a public company is exposed<\/a> for having a CFO who is not<\/strong> a Certified Public Accountant, even though all of their SEC filings say he is, what are they to do?<\/p>\n

I have a few suggestions:<\/p>\n

    \n
  1. Pretend we didn’t see the Insider’s post.<\/li>\n
  2. Rush to Yahoo and make them remove the post, and publicly say “What post?”<\/li>\n
  3. Acknowledge the information, claim it was (another) oversight, and then ignore it.<\/li>\n
  4. Claim that’s it’s just another part of the conspiracy of the naughty short sellers.<\/li>\n
  5. Throw the CFO under the bus. Say that he lied on his resume and we never knew. But promise that we’ll do better in the future.<\/li>\n
  6. Make the CFO step down. After all, how can we claim to be an ethical company with such big blemish in our executive ranks?<\/li>\n<\/ol>\n

    The chances they’ll do #6 are slim to none. Mr. CFO has his finger in the dam, and if he steps down, all hell breaks lose and the company goes down fast. <\/a><\/a><\/a> <\/a> <\/a><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

    So when a public company is exposed for having a CFO who is not a Certified Public Accountant, even though all of their SEC filings say he is, what are they to do? I have a few suggestions: Pretend we […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5],"tags":[],"class_list":["post-752","post","type-post","status-publish","format-standard","hentry","category-fraud-news-stories"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p6Z0e-c8","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/posts\/752","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/comments?post=752"}],"version-history":[{"count":0,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/posts\/752\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/media?parent=752"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/categories?post=752"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/tags?post=752"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}