L&H Made Up Revenues
from the sense-a-pattern? dept
Following on the news from yesterday that Critical Path completely made up about 10% of their revenues, now a report is coming out that Lernout & Hauspie's Korean unit made up almost all of their sales and even had employees pose as customers to trick auditors. The fake earnings allowed the head of the group to earn $25 million in incentive pay. Not surprisingly, lawsuits are expected to follow shortly.