Topic: Lehman Brothers Inc.
Lehman balance sheet massaging may not be unusual
Reuters US Online Report Business News
NEW YORK (Reuters) - On Wall Street, massaging the balance sheet is a time-honored practice. But did Lehman Brothers Holding Inc <LEHMQ.PK> cross a line in the routine manipulation of its balance sheet, as described by an independent examiner? That is the central question to emerge from the ...
Examiner unveils Lehman accounting tricks
AP News
Lehman's accounting gimmick helped firm hide debt, examiner says; could it mean legal trouble?An accounting gimmick called Repo 105 provided financial relief for Lehman Brothers in the months before its spectacular collapse, an autopsy of the once-venerable Wall Street house has found. The question now is whether the ...
Summary Box: Lehman found to use artifice
AP News
Summary Box: Report finds Lehman used accounting trick to hide debt, gives prosecutors a mapFALL OF A WALL STREET TITAN: The investment bank Lehman Brothers, saddled with tens of billions of dollars of troubled assets, collapsed into bankruptcy in September 2008. Its fall precipitated the financial meltdown. ACCOUNTING GIMMICK: A ...
Lehman report may point way for criminal charges
Reuters US Online Report Business News
WASHINGTON (Reuters) - An explosive report by a court-appointed examiner on the collapse of Lehman Brothers may prove to be a roadmap for prosecutors to bring criminal cases against the investment bank's former executives, legal experts say. The 2,200-page report could lay the groundwork for felony charges under securities ...
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