List of Flash News about suspected revenue fraud
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2025-09-14 23:16 |
Mark Cuban Flags KPMG Resignation Over Suspected Revenue Fraud, $29.5M World Cup Carbon Credits Judgment: What Traders Should Watch
According to @mcuban on X on Sep 14, 2025, he questioned why referenced internal documents and emails tied to “Sanberg” have not been published and whether a “smoking gun” would be released if available. Source: @mcuban on X, Sep 14, 2025. He asked whether internal sources informed KPMG before its resignation “because of suspected revenue fraud” and noted an internal committee “found nothing.” Source: @mcuban on X, Sep 14, 2025. He asserted a “Ballmer 50/12” directive to KL resulted in only $3.5 million paid, with no further payment until after a December 2022 raise, and a final $7 million never paid. Source: @mcuban on X, Sep 14, 2025. He stated $29 million was paid for World Cup carbon credits without cash escrow after “Sanberg” overruled an executive, leading to a lawsuit in which a judge ruled the $29 million should be returned, and he referenced a $29.5 million judgment. Source: @mcuban on X, Sep 14, 2025. He argued these points show “Sanberg ran everything,” claimed only “Sanberg and KL2” know what happened, and added that if the $29.5 million judgment was collected, none went to KL2; he also linked to a Pablo Torre post on X. Source: @mcuban on X, Sep 14, 2025. For traders, the claims center on audit resignation, litigation recovery, disputed payment schedules, and control assertions that could be material if tied to a public issuer; monitor for any document releases or confirmations. Source: @mcuban on X, Sep 14, 2025. No cryptocurrencies or tokens were mentioned in the post. Source: @mcuban on X, Sep 14, 2025. |