![]() ![]() The CEO, officers, board of directors, and employees increased the value of their stock options with stock repurchases and issued a $3 per share special dividend. The Securities and Exchange Commission states it clearly saying it regards whistleblower complaints by individuals who know of possible securities law violations as the “most powerful weapon in its law enforcement arsenal.” SEC’s website concedes that “through their knowledge of the circumstances and individuals involved, whistleblowers can help the Commission identify possible fraud and other violations much earlier than might otherwise have been possible.” The filed complaints also “allows SEC to minimize the harm to investors, better preserve the integrity of the United States’ capital markets, and more swiftly hold accountable those responsible for unlawful conduct.”Īs an introduction, the whistleblower’s extensive report describes how Domino’s Pizza began to " orchestrate" a new round of recapitalization on Mawith the placement of certain subsidiaries for a $1.675 billion securitized debt facility. Especially, when it comes from a corporate insider. Why should franchisors be concerned about SEC whistleblower reports? Mainly because the Commission repeatedly expresses that it takes these reported allegations seriously in hopes of finding corporate securities fraud. The report contends that in return, Domino’s Pizza’s CEO, board members, officers, and employees “ could enjoy higher stock prices and dividends through share repurchases and dividend payouts.” The crux of the whistleblower report details how Domino’s allegedly forced and orchestrated an unapproved advertising and promotion increase to franchisees in order to pay a $1.85 billion Securitization Transaction (March 25, 2007) with a new partially funded $1.67 billion Securitization (March 15, 2012) debt owed to Securitization entities (pg. It lists, “Fraudulent investment scheme general trading practices manipulation of security insider trading material misstatement or omission in company’s public filings or financial statements and bribery.” The complaint states serious allegations against the franchisor related to the circumstances surrounding the company’s misconduct. Securities and Exchange Commission (SEC) against Domino’s Pizza, its top-level officers, and various staff members. ![]() A corporate insider has filed a well-documented whistleblower report with the U.S. ![]()
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