I had thought out two likely scenarios in my mind: in the first one, the company kicked the can down the road, “investigating” the Raptors and slow walking the plan to address the fraud until it was impossible to ignore; or two, quickly recognize the fraud for what it was, make plans to write off the Raptor structures as prior year restatements (a hugely negative and big deal to investors and Wall Street), form a crisis management team, hoard cash, estimate… [read post]