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re: If the company you were working for was committing fraud?
Posted on 11/16/16 at 1:34 pm to Sidicous
Posted on 11/16/16 at 1:34 pm to Sidicous
quote:
Google Commercial Financial Services
So this is you...
quote:
The trouble at the closely held company started last September, when an anonymous letter to credit-rating agencies accused the company of puffing up its apparent collection success rate by quietly selling large numbers of uncollected accounts to a shell company tied to a major shareholder
NYT article from 1998
Posted on 11/16/16 at 1:54 pm to slackster
quote:
So this is you...
Could be, no one can know for sure.
I stumbled across the mess looking for info for various debtors I was trying to completely resolve (one settlement paidout while $100,000 payment was in route thus overpaying settlement and wanted money back, some others similar but smaller) and by accident when asking a buddy about lunch and recognizing account on his desk as one I had previously worked. That account it turns out was still in one of the portfolios I was working but as security for another bond, and 3 other bonds (total of 5).
ETA: as far as believing me, couldn't care less. The bondholders and S&P believed, that's all that matters. As well as CFS BK was in 1990's WAMU and Lehman was 2008. CFS actual size is a long running dispute as Gertrude Brady (former Fed bank examiner being paid over $1mill/year +top floor of City of Faith as apt who orchestrated the securitization) backed her SUV to the loading dock and loaded up the hard drives which have never surfaced again (I think they at bottom of Florida sinkhole nearby her house she bought with the $5mill golden parachute deal of hers).
The week before the CFS BK filing Bartmann transferred $8 million to Aruba I found out a year or later.
This post was edited on 11/16/16 at 2:09 pm
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