However, in this case they had a request for an audit and the person making the request must have had his reasons. Reasons enough to warrant the audit. Either they ignored his criteria or they failed to request information on where to look.Unfortunately, it looks as though it is one of two things - the SEC was not up to the task, or it was given an offer it couldn't refuse (bribe, threat, political heat - you name it).
The more I read about this, the more option 2 keeps coming out the winner.
A later post indicates that the perpetrator of the scheme daughter is married to one of the chief lawyers in the compliance investigation unit of the SEC.
Nothing to see here folks, keep moving.
When will this country clean house?