The “Governmental Services Corporation” UNITED STATES, INC knows all this. JPM was fined $2 billion to settle the legal matter with Madoff. The amazing thing about banks is that the Fine is a liability, which the bank is then allowed to underwrite! 19 more words
Tags » Ponzi
Do you notice anything unusual? minimum guarantee is listed as an operating expense!
What does this mean?
Well, ideally there should have only been one operating cost item related to minimum guarantees — “Minimum tariff loss” that recognises the shortfall the OYO would need to pay out of its own pocket. 981 more words
There apparently IS a benefit. Believe me, I had no idea, which explains my lack of upward mobility. Here’s a guy who cheated and stole from his family and friends, and he’s hoping the severe depression and family history of alcoholism and bipolar disorder get him out of it: 337 more words