| Topic Name: |
Big Announcement on 1/9 |
| Message Name: |
Terrorist Ties |
| Date Posted: |
01/09/2006 |
| Message: |
Since it will be public news in a couple of hours anyway here is the real skinny!
During PWC's ongoing audit it was revealed that KPMG's auditing division was involved in off-shoring and laundering that had direct ties to terrorist funding. Specifically, an offshore account was created to facilitate the money laundering that provided many accounts with tax advantages. This was discovered and prompted the KPMG Consulting arm to be spawned and the "need" to break away from the parent KPMG.
Now you may ask how the hell does this have anything to do with BearingPoint?
A majority of the funds acquired to spin off the KPMG Consulting (and later renamed to BearingPoint) were from the offshore accounts that held the residual interest of the improperly taxed client accounts. Furthermore, an ex high-level executive (name removed for anonymity and safety) that has been implicated in the PWC audit was one of the founding partners in the KPMG Consulting divestiture. This executive has maintained and continued the practice described above for some of our ??clients for life?? and the recent departures noted throughout the company have left trails linking to this fact.
PWC has basically given us the same opportunity that we gave Andersen?? buy ??em before the news breaks. Andersen thought they could weather the storm with the whole enron debacle. Harry realizes that we could not in this case ?? especially with our ties to DHS. Hopefully, PWC will not strip us and fire the scrap. But, only time will tell.
I figure no one really reads this site so for the lucky few, you have the inside track?? Good knowing you.
GL
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