While I'm not really interested about the criminal case against Mr. Grace, how does a public company (this one is on the GBX) who must have been audited overstate income by such a large degree?
Where were the past audits? Did they not detect errors in methodology in their accounting practices? Where are their internal Auditors?
This brings to mind Enron and the true value of our current public accounting practice; are they truly independent?
What's your feeling????