Fraud comes in many shapes and sizes. Poseidon's use of EBITA as the base in their employee bonus system comes to mind as an area that was taken advantage of. Hence now the large writedowns of A/R's. I wonder if the folks that did profit from the EBITA based bonus system will now have to pay those bonuses back...

 The BOD's decision to pay out future dividends back in October, knowing full well at the time that they couldn't afford to. Is that not a form of fraud, or did some clown just "fat finger" their calculator?

Kherson