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Your search keyword '"Mollenkamp, Carrick"' showing total 2 results
2 results on '"Mollenkamp, Carrick"'

1. How Success Story at Parmalat Got a Very Sour Final Chapter.

Author

Galloni, Alessandra, Reilly, David, Mollenkamp, Carrick, and Portanger, Erik

Subjects
*FRAUD, *COMMERCIAL crimes, *FINANCIAL crises, *DISCLOSURE, *CRIMINAL investigation, *BUSINESS failures, *CORPORATE debt, *CORPORATE finance, *BONDS (Finance), *LIQUIDITY (Economics), *CASH flow, *INVESTIGATIONS, *GOVERNMENTAL investigations, *DAIRY products industry, *AUDIT departments, *AUDITORS, *FINANCE
Abstract

Examines the financial and liquidity problems at Parmalat SpA, the Italian dairy company. Disclosure of information related to the company's bank accounts, indicating Parmalat can not pay off its $187 million bond; View of author that Parmalat has become one of the biggest cases of corporate fraud in Europe's economic history; Details regarding an auditors attempt to confirm the existence of bank account at Bank of America Corp.; Comments attributed to Italy's prime minister, Silvio Berlusconi, indicating the country would bailout the troubled dairy firm before they file for bankruptcy protection; Number of organizations that have begun criminal investigations into Parmalat; Focus on the investigation.

Published
2003

2. Italian Dairy Is Expected to File For Bankruptcy After Disclosure That Bank Account Doesn't Exist.

Author

Reilly, David, Galloni, Alessandra, Schroeder, Michael, Pacelle, Mitchell, and Mollenkamp, Carrick

Subjects
*DAIRY products industry, *DISCLOSURE, *FINANCIAL disclosure, *TRUTHFULNESS & falsehood, *INVESTIGATIONS, *CORPORATE debt, *CORPORATE finance, *BONDS (Finance), *BANKRUPTCY, *DEFAULT (Finance), *ACCOUNTING firms, *AUDITING, *FINANCE
Abstract

Reports that Parmalat SpA, the struggling Italian dairy industry giant, plans to seek bankruptcy protection in Italian courts. Disclosure of information by the company regarding a company bank account at Bank of America Corp.; How bonds the company claims to have bought back figures into the on-going investigation into the company's financial structure; Value of the company's outstanding debt if it is determined Parmalat did not buy back the bonds; Evidence collected at the office of Grant Thornton, the accounting firm that audited the Parmalat subsidiary that had claimed to have held the Bank of America account; Involvement of Deloitte & Touche LLP and the United State Securities and Exchange Commission in the investigation;.

Published
2003

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