Agreed, most “fraudulent” listed public companies (on places like the NYSE, where they actually check stuff), fill weird conditions like:
being really old, to where their corporate history stretches back before modern high-standards checks.
being acquired/SPAC’d to allow a fraudulent private company to kinda list itself.
be based on a larger fraud that probably isn’t accounting/insider related.
(Disclaimer: not an expert, not financial advice.)
Agreed, most “fraudulent” listed public companies (on places like the NYSE, where they actually check stuff), fill weird conditions like:
being really old, to where their corporate history stretches back before modern high-standards checks.
being acquired/SPAC’d to allow a fraudulent private company to kinda list itself.
be based on a larger fraud that probably isn’t accounting/insider related.
(Disclaimer: not an expert, not financial advice.)