[Altavia]

Originally Posted by golfing eagles

Unfortunately, your "logic" is flawed. They submitted what they believed was proper billing. They did not submit "proper billing + an overcharge". They received reimbursement for that billing, believing that was what they were due, spent whatever they spent, and had a net ZERO on the books at the end of the year. NO slush fund. NO money in a drawer.

The problem would be, and while this is unlikely, a whole bunch of misinformed people have jumped on this bandwagon: If the billing was intentionally out of compliance, AND cash distributions were made to the shareholders, that would be fraud. But like I stated, highly unlikely

Seemingly triggered by auditors who had stong motivation to drive down the cost of the acquisition(?)