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Exclusive: U.S. probing failed broker PFGBest's use of small auditor (chicago style)
Chicago Tribune ^ | 7-12-12 | Sarah N. Lynch and Nick Carey

Posted on 07/12/2012 4:28:06 PM PDT by dynachrome

U.S. futures industry investigators are looking into why Iowa-based collapsed brokerage PFGBest used a tiny accounting firm that appears to be operating from inside a suburban Chicago home to audit its books, according to a person familiar with the matter.

Experts said the use of such an auditor should have been a red flag to regulators of a futures brokerage with more than $500 million in assets and several hundred employees across the United States as well as in Shanghai and Canada

(Excerpt) Read more at ...

TOPICS: Business/Economy; Crime/Corruption; News/Current Events; US: Illinois
KEYWORDS: brokers; corruption; corzined; pfgbest
There is a pic of the "office" of the "auditor" at the site.

H/T to Ann Barnhardt

1 posted on 07/12/2012 4:28:18 PM PDT by dynachrome
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To: dynachrome

Should have used Arthur Andersen. They have expert auditors. Such clients as : DeLorean Motor Company,
Willie Nelson, Enron.
AA is the audit experts !!!!

Oh, wait a minute. They collapsed and went out of business.

Never mind !!

2 posted on 07/12/2012 4:46:29 PM PDT by RightWingNut
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