Seems like the pardoner-in-chief does love a fraudster. Moral - if you’re going to fraud, just make sure you sock enough away to pay for that pardon. Tone at the top. I’m sure none of this will affect your 401k though. 😜
Under 18 U.S. Code § 201, bribery in exchange for a pardon could be construed as a federal crime. Maybe someone ought to call the Justice Department ... or no, the Supreme Court ... or Congress. Yeah, that ought to do it.
Sharp piece on leveraged rollup implosion. That $1.4B debt against $2M cash ratio is staggering but the politcal angle with those dimissed charges adds another layer. Saw a similar pattern with a regional franchise operator last year where the acquisition pace just masked the unerlying unit economics.
Seems like the pardoner-in-chief does love a fraudster. Moral - if you’re going to fraud, just make sure you sock enough away to pay for that pardon. Tone at the top. I’m sure none of this will affect your 401k though. 😜
Under 18 U.S. Code § 201, bribery in exchange for a pardon could be construed as a federal crime. Maybe someone ought to call the Justice Department ... or no, the Supreme Court ... or Congress. Yeah, that ought to do it.
Sharp piece on leveraged rollup implosion. That $1.4B debt against $2M cash ratio is staggering but the politcal angle with those dimissed charges adds another layer. Saw a similar pattern with a regional franchise operator last year where the acquisition pace just masked the unerlying unit economics.
M&A accounting does amazing things … until it doesn’t.