Thursday, October 9, 2008

40 laid off at local tech company as execs arrested

SEATTLE (AP) - Two former software executives grossly overstated their company's revenue to attract more than $50 million in private investment, prosecutors said Wednesday, adding that the fraud was uncovered late last month when a worker found a set of cooked financial books as she was cleaning out a desk.


Now, really, what sort of idiots keep their cooked books lying around the office?

Jeez. Some people don't deserve investors.

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