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Resource ID: #18547
Subject: Accounting
Source: Business Week
Affiliation: 
Date: Aug. 6

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Description

Business Week tells the story of how one of the dot-com companies, Critical Path, "wound up being accused of accounting irregularities." The article reveals that "greed, colliding personalities and a long-shot bet made with shareholder money ... derailed the promising company." Critical Path eventually became the target of an SEC probe, and shelled out $17 million to settle shareholder suits.

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