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Success Tales of Employees Seeking Greener Pastures.
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<blockquote data-quote="bacha29" data-source="post: 4293743" data-attributes="member: 58386"><p>I'm aware of the indictments. Reports seem to indicate that the two were not writing down the value of the equipment apparently not following standard depreciation rules in an effort to overstate the value of company assets in an attempt to preserve stock values.</p><p>Not unusual. Decent size trucking company a few miles from here where the president was doing payroll deductions from drivers wages for health insurance premiums but not forwarding it to the insurer. In addition he was kiting checks between that trucking company and another one he owned. </p><p></p><p>In addition to a huge restitution order he got 8 years in the slammer.</p></blockquote><p></p>
[QUOTE="bacha29, post: 4293743, member: 58386"] I'm aware of the indictments. Reports seem to indicate that the two were not writing down the value of the equipment apparently not following standard depreciation rules in an effort to overstate the value of company assets in an attempt to preserve stock values. Not unusual. Decent size trucking company a few miles from here where the president was doing payroll deductions from drivers wages for health insurance premiums but not forwarding it to the insurer. In addition he was kiting checks between that trucking company and another one he owned. In addition to a huge restitution order he got 8 years in the slammer. [/QUOTE]
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