Eiad Asbahi, founder of Prescience Point, told Business Insider that a number of things signaled possible issues at Celadon, including its accounting practices, nepotism among hires at the executive level, and the use of a regional firm for its auditor. (via Business Insider) (Read the full article here)

Filed under: Uncategorized by dlpr-admin
Comments Off on Business Insider: The short-seller who predicted Celadon’s implosion explains what tipped him off

Two former top executives at Celadon Group Inc have been charged with fraud and lying to auditors by concealing losses in the trucking company’s aging fleet as the market softened, the U.S. Department of Justice said. (via Reuters)

Filed under: Uncategorized by dlpr-admin
Comments Off on Reuters: Two ex-Celadon executives charged with fraud at trucking company