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The DOJ is investigating possible criminal fraud associated with accounting practices at Diamond...

The DOJ is investigating possible criminal fraud associated with accounting practices at Diamond Foods (DMND), according to sources. At issue is how the company accounted for payments to walnut growers last year. The SEC and the company's board already have an [[ongoing investigation]]. Shares -12% AH.
Comments (3)
  • Windsun33
    , contributor
    Comments (4277) | Send Message
     
    Time to buy (DMND) back again.

     

    This investigation will go nowhere, and I am starting to wonder just why so much attention is being paid to such a small company by the government.
    13 Jan 2012, 12:46 AM Reply Like
  • Moon Kil Woong
    , contributor
    Comments (11158) | Send Message
     
    It's sad to think that making and selling nuts and things can get so convoluted and fraudulent. It will be interesting to see the whole story on it. It may read like Krispy Creme.
    13 Jan 2012, 01:18 AM Reply Like
  • Windsun33
    , contributor
    Comments (4277) | Send Message
     
    So far the government has spent more money investigating this than the purported amount of illegal payments (that they were in fact illegal is still not determined). Starting to wonder why this has such a high priority, yet they totally miss things like Madoff and MF Global.
    13 Jan 2012, 01:31 AM Reply Like
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