Monday, May 30, 2011

To live and to love.

“Decluttering isn't just simplifying your life.
It's having a vision, setting new priorities
and using those notions to get rid of obstacles.”
—  Peter Walsh


Wednesday, May 04, 2011

EC Charges Six Executives With Financial Fraud at Brooke Corporation



Washington, D.C., May 4, 2011 – The Securities and Exchange Commission today charged six former leading executives affiliated with a Kansas-based financial corporation with hiding critical information from investors and conducting a financial fraud.
The SEC alleges that senior executives at Brooke Corporation and two subsidiaries – whose line of business was insurance agency franchising and providing loans to franchisees – misrepresented their deteriorating financial condition in filings to investors and other public statements in 2007 and 2008. Meanwhile, behind the scenes they engaged in various undisclosed schemes to meet almost weekly liquidity crises, and falsified reports and made accounting maneuvers to conceal the rapid deterioration of the loan portfolio."

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