right and that assumes that they did something wrong and may be they did and maybe they didnt..hearing 5o million advance paid growers and they said no intentions of selling them crops so as strange as it sounds not sounding like they were hiding expenses no?
While AON was really engaged in bribing some foreign government officials, the among of money was really small, and the act was correctable, due to the nature of the industry in which the company operates. And that stock didn't really crash in taking out the long term investors.
Don't be so quick to conclude that DMND problems might be also correctable easily.
DMND CEO's method of growth, unfortunately, bore resemblance to that of the Worldcom CEO. That is the only thing that worries me to hang on to my little long position left from $27.
And DMND has crashed and some of the biggest long time investors sold out already. Thus, at this point, it is only prudent to reduce/hedge one's risks of the unknowns.
AON is just the most recent SEC/DoJ settlement. They happen pretty regularly. Even Johnson & Johnson settled an SEC/DoJ investigation last year.
The SEC/DoJ doesn't exist to destroy shareholder value. What destroyed Enron and Worldcom were accounting tricks to cover up unprofitable businesses. Unless there is something above and beyond the $50 million payment in question that hasn't been revealed yet, it's not an accounting trick to cover up an unprofitable business.
This is far more serious case than AOL, one of director of DMND killed himself over this accounting fraud thus DOJ will investigate all this matter together what's going on with DMND. The stock will keep pressure down side to low as a $23 ranges next coming month.