Hewlett-Packard Company (NYSE:HPQ) is currently trying to put together the nexus of fraudulent accounting practices supposedly used by Autonomy Corp. to inflate its value before acquisition. At least one value fund manager saw the company's problems, and he reported them weeks ago.
At the Santangels conference in New York, John Hempton, founder of Bronte Capital Management, delivered a presentation on how to fraudulently prepare accounts. The presentation was designed to teach those present how to spot a company that has cooked its books.
Hempton, in a blog post published today,...
Login required to continue reading.
Setup a free account to get access to this article (no credit card required).
View Full ArticleAlready a member? Log in here
