re: New Olympus CEO fired after raising questions on $1.5B in hidden losses

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In order to conceal these losses, they either straight up paid off someone to keep them "off the books," (again, whoever "they" might be in this case, or why they might be demanding such, which sounds like blackmail) or paid someone to somehow re-inflate the value of the securities by cycling the fees back into the securities, which were subsequently taken back onto the balance sheet at some minor loss at revaluation. No matter how you slice it, there's a massive fraud involved that is beyond any accounting chicanery that the link is implicating. Its a fraud story, not an accounting story.

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