“The presentation of these financials (by PricewaterhouseCoopers) may be technically permissible but they are grossly misleading…
These accounts suggest, to the untrained financial eye, that the company is profitable and it is not.”
Excerpt from a reader’s analysis of PwC at Afra Raymond.com
PwC PricewaterhouseCoopers should be ashamed
Two days ago we directed our readers to a new Afra Raymond article about the CL Financial Scandal The CMMB story.
Today one of Afra’s audience left a devastating analysis of the activities of PwC PricewaterhouseCoopers in deliberately misleading investors into CMMB – Caribbean Money Market Brokers. Even though we just covered Afra’s new article, this latest comment says it all and deserves our attention.
People used to trust PwC. What fools we all were.
Without misleading, unethical auditors like PwC – willing to lie, deceive and be well paid for it – Duprey, Parris and David Thompson as their lawyer couldn’t have gotten away with what they did for so long.
Afra’s stories about the rot and fraud at CL Financial, Clico and the other scam companies have been going wild on the hit-meter because so many of us are victims, and will be victimized more as our tax dollars bail out the big guys and put the burden on the little people. The battle cry of crooks like Duprey and Parris: “Privatize profits, socialize losses.”
Here is what Afra’s reader observed about PricewaterhouseCoopers…. Continue reading