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Linn Energy, LLC Message Board

  • raman_ds raman_ds Jul 3, 2013 7:38 PM Flag

    All: Just spoke with Clay Jeansonne, VP of Investor relations LINN ENERGY

    He is taking phone calls even tomorrow, shot him email or call him, he will respond..
    As per him LINN's accounting books have been thorughly audited by KMPG, no issues.
    SEC guidelines are preventing mgmt from making any public statement.
    As per him, even today all senior mgmt bought shares, including he himself bought 1500 shares.
    The panic today was triggered mainly by cramer mentioning " accounting irregularity at last night's show"
    you can reach him at or 281-840-4193.

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    • The phone listed on the company web side is 281 840 4110
      Any explanation????

    • Do you know KPMG sold fraudulent tax shelters that they admitted to to stay alive?

      June 19 (Bloomberg) -- KPMG LLP, anticipating criminal charges would be a ``nuclear bomb'' that would wipe out the accounting firm, pleaded with federal officials in 2005 not to indict it for selling fraudulent tax shelters, newly released internal documents show.

      Expecting the worst, KPMG partners sought advice from bankruptcy lawyers, the internal documents show. The firm's attorneys told prosecutors that KPMG's demise would disrupt capital markets, leaving more than 1,000 companies without an auditor.

      The argument was dismissed as ``ridiculous'' by David Kelley, then the U.S. attorney in New York in charge of the case. ``You are not the only firm in trouble and not just from criminal exposure,'' Kelley said, according to the memos. ``The industry is going to #$%$.''

      The memos, written by KPMG lawyers who never expected to see them made public, provide a rare look at negotiations between the government and a company trying to stay alive. Dan Ginsburg, a spokesman for KPMG, declined to comment.

      • 1 Reply to michelle_michelle34
      • Your article is 6 years old and they are still in business, KPMG Weighed Bankruptcy as U.S. Threatened Charges, Memos Say

        By Robert Schmidt - June 19, 2007 00:07 EDT

        June 19 (Bloomberg) -- KPMG LLP, anticipating criminal charges would be a ``nuclear bomb'' that would wipe out the accounting firm, pleaded with federal officials in 2005 not to indict it for selling fraudulent tax shelters, newly released internal documents show.

        Expecting the worst, KPMG partners sought advice from bankruptcy lawyers, the internal documents show. The firm's attorneys told prosecutors that KPMG's demise would disrupt capital markets, leaving more than 1,000 companies without an auditor.

        The argument was dismissed as ``ridiculous'' by David Kelley, then the U.S. attorney in New York in charge of the case. ``You are not the only firm in trouble and not just from criminal exposure,'' Kelley said, according to the memos. ``The industry is going to #$%$.''

    • inside trading currently is closed until their numbers come out. how was he able to buy?

    • If their wasn't any accounting issues, then they can SUE cramer, many of us like to see him get some of the hurt that he does to other people. The talking clown of Wall St who probably gets paid to bash a stock

    • As I'll repeat, KMPG only audits GAAP accounting, not the non-GAAP reporting. They approved all the GAAP numbers, but the problem lies with non-GAAP.

    • Wow, executives who earn $500,000- $3million a year investing $35,000 to prop their stock? That takes guts. Look at WLT (Walter Energy) has insiders buying $3 million worth of shares at $75/share and now the stock is at $10.50. They also did another round of insider buys at $17-19 in May.

    • ah, KPMG was the auditor for Lehman Brothers before it collapsed into Bankruptcy and we later find out Lehman was shifting some $50 billion back and forth each quarter to hide their debt load.

      KPMG was also the auditor of MF Global before they went into bankruptcy.

 
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