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JER Investors Trust Inc. Message Board

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  • bapnro bapnro Mar 3, 2009 7:53 PM Flag

    JRT Fraud Should be Prosecuted

    Sure some fraud is going on here, otherwise how you will dilute existing shareholders, without asking them, by such crazy percentage. Everybody will do it if it was so easy.

    Also agree that their financial statements smell bad with such actions. Likely they cook or cooked the books.

    Some of these so-called JRT managers can actually go to jail for this IF it gets uncovered. After SOX, intentionally cooking the books is a dangerous tactic.