Are there any peniltys for this type of twisting the numbers? Is there anyone that can be trusted anymore?
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Are there any peniltys for this type of twisting the numbers? Is there anyone that can be trusted anymore?
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If they are falsely filing numbers to the SEC then yes, there is a lot that can be done.
That said, if the company is just stating it got an order for X number of vehicles, then there is really nothing that can be done. There are a lot of reasons, often legitimate, why a deal falls through.
So it is all in how they are lying.
In the meantime, the shorts can do a lot of damage to a company that is fudging the numbers.
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The penalties could include some criminal charges for the higher ups but these things tend to be looked into by the SEC and the feds. So I expect fines and stock price to drop. In the best case, we can expect some jail time and maybe the stock to be removed from the market.
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