Aug. 1 at 9:16 PM
$XBP $XELA The real question: why has the SEC allowed Par Chadha to engage in even larger-scale securities fraud after the serious red flags raised in the past? Wasn’t he ever put on a watchlist or barred from controlling public companies?
We've now seen:
Thousands of public investors wiped out,
IRS defrauded, as alleged in the UCC lawsuit, including potential tax fraud by “bad actors”,
Possible offshore laundering through Indian subsidiaries, enabling corporate shell games using underpaid labor.
When will accountability arrive?
