Object Lesson in Due Diligence

The Refco site is still up in all its glory.

Look it over, and see if you could have detected anything amiss.

I doubt it.
 
The article doesn't mention the fact that the statements back to 98 were unreliable. They stated great health of the company's finances after the scandle - according to who? Probably true but no accountant was willing to vouch for that.
 
Quote from stock777:

The Refco site is still up in all its glory.

Look it over, and see if you could have detected anything amiss.

I doubt it.

I will be surprised if there is not quite a bit more to the story ....
 
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