Lehman uses gimmicks to conceal real financial situation

Written By: admin on March 15, 2010 No Comment

Lehman uses gimmicks to hide real financial situation
The U.S. investment bank Lehman Brothers has used accounting gimmicks to hide its terrible investments that led to its bankruptcy, according to a report made public on Thursday. The court-appointed examiner Anton R. Valukas compiled the 2,200-page report after one year of investigation into the collapse of Lehman Brothers. Valukas found that Lehman died from multiple causes, including mortgage …