Archive for December, 2019:

Business Insider: The short-seller who predicted Celadon’s implosion explains what tipped him off

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)

Reuters: Two ex-Celadon executives charged with fraud at trucking company

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)


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