Too good to be true

Posted by & filed under Fraud Accounting.

 In 2008, two men, one American, one Canadian, catapulted investment fraud into headlines around the world. The Canadian was 67-year-old Earl Jones, a Montreal native who bilked 158 investors, including his cancer-stricken brother, his own daughter and other family members, out of $50 million. Like Madoff, Jones had managed to get away with his Ponzi-type… Read more »

Students Protest: Hike in University Fees!

Posted by & filed under All Articles, Uncategorized.

Quebec students proved they are serious about fighting tuition fee increases as thousands  skipped classes and marched through the streets of downtown Montreal on Thursday to demonstrate their opposition. For Martine Desjardins, president of the Federation Etudiante Universitaire du Quebec, the boycott was a success — both because of the number of students who rallied… Read more »

Groupon shares jump 35% after IPO

Posted by & filed under Financial Statement Analysis.

What is an IPO? An initial public offering, or IPO, is the first sale of a corporation’s common shares to investors on a public stock exchange. The main purpose of an IPO is to raise capital for the corporation. While IPOs are effective at raising capital, being listed on a stock exchange comes with heavy… Read more »