Tired of being mislead, exaggerated, to and out and out fraud

searcher profile

April 23, 2025

by a searcher from Columbia University - Columbia Business School in Jacksonville, FL, USA

I have seen at least 10 deals now where there was just outright fraud between the CIM and tax returns. I'm NOT talking about the usual add-backs, but rather huge differences in revenue. I am not a litigious person, but I really want to sue some of these people for fraud and wasting my time, or at least trying to get their sale encumbered. I have the resources. Thoughts?
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commentor profile
Reply by an intermediary
from Rensselaer Polytechnic Institute in Norwood, MA, USA
I’m sure there are many cases of misrepresentations that you and others have run into. As others have said, if the broker provided info that is misleading then don’t work with that broker. However - there are several ways that the information between Tax returns and statements based on management reports could be different. The easiest way that could happen is cash vs accrual accounting practices. The timing of revenue and expenses reported on tax returns may be different from the management reports, without it necessarily being fraud.
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Reply by an intermediary
from Arcadia University in Forest Hill, MD, USA
Don't waste your time. Focus on your goal.
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