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Utilizing a Ponzi scheme replete with fraudulent account statements to conceal the true financial condition of investments, Lowrance misrepresented to potential investors that they would be paid as much as 4 to 7% monthly interest.
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The suit claims Ellison and other executives made false statements about the company's financial condition as well as its Oracle 11i suite of business management software.
FORBES: Magazine Article
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He spoke to The Associated Press on condition of anonymity because he was not authorized to give official statements.
NPR: Syrian Officials Deny Use Of Chemical Weapons
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Dolson said the condition of Smith's Mercedes-Benz, along with witness statements, led them to believe Smith was no longer alive and had been killed.
NPR: Missing Movie Exec's Car Found; Homicide Suspected
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The official, speaking on condition of not being identified, said the change referred to public statements by the Obama administration instead of how U.S. military hardware were being deployed in the region.
CNN: SHARE THIS
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These statements are likely to address matters such as the company's future financial condition and performance (including earnings per share, profitability, liquidity, cash flows, debt levels, market share growth and other sales information, inventory levels and capital expenditures), its cost reduction initiatives and plans for store closings, and the expansion of product categories, including eBook content and eReaders.
ENGADGET: New Kobo eReader gets wireless connection, faster processor, pretty colors