Lehman Brothers "Fudged the Numbers," Says Investigator

 Anton Vakulas, the federal investigator tasked with looking into now-defunct economic grenade Lehman Brothers, appeared on "60 Minutes" last night to explain what happened—and make the case for prosecution. Huffington Post:

“They'd fudged the numbers,” Anton Vakulas, the attorney appointed by the federal bankruptcy court to investigate Lehman Brothers’ collapse told 60 Minutes' Steve Kroft. “They would move what turned out to be approximately $50 billion of assets from the United States to the United Kingdom just before they printed their financial statements.”

The segment, which marks the first time Vakulas has been interviewed since filing hisnine-volume, 2,200-page report two years ago, claims there is sufficient evidence to prosecute officials at Lehman. According to Vakulas, Lehman Brothers was intentionally misrepresenting their financial health.

More in favor of at least some kind of justice for, you know, the global financial collapse. Watch the segment below.



AlterNet / By Julianne Escobedo Shepherd

Posted at April 23, 2012, 6:44am

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