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lost_in_life_34 t1_je266tu wrote

Reply to comment by marketrent in Aggregate measure of financial misreporting for nearly 2,000 companies in the U.S. suggests that the collective probability of fraud across major companies is the highest in over 40 years by marketrent

the receivables thing is pretty old. back in the 90's a bunch of companies were selling a lot of stuff to the dot coms and other startups on credit and lost big when they went under and then when all that gear was resold on ebay and chapter 7 auctions

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