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Maybe I don't as it must be some very sophisticated fraud when checking all in the following list they missed something like that.

" Corporate attorneys generally review all the company’s financial information from the last five years, including income statements, balance sheets, cash flow and audit reports. Other financial documents that may be reviewed include projections, budgets and forecasts for the financials of the next five years and assess whether they are reasonable. Finally, corporate attorneys generally review all credit agreements, debts and contingent liabilities. "

https://www.priorilegal.com/deals/mergers-acquisitions/manda...



Yes, and the entire point of this type of fraud is to deceive this exact process. The fraudster knows what due diligence is going to be performed.


Presumably the folks regularly involved in the closing of 11 figure deals are capable of sniffing out deception. Though maybe the HP board cheaped out and hired the B team instead?


Seems like US companies only ever use the B team these days.




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