Wednesday, October 21, 2015

Canada'a Largest Company - Next Enron?



This Huffpost article reports another disturbing case of what appears to be a large legitimate company engaging in nothing less than criminal fraud. It is alleged the company has been selling product to companies it owns to give the appearance they are doing business, when in fact they are not.

Just three months ago, it was Canada’s largest company by market value, thanks to a big run-up in health care stocks in the earlier part of the year.

Today the company is under siege, its shares are down 60 per cent from their peak, and Wall Street pundits are even speculating it could face criminal charges.

allvoices

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