At the end of the quarter – when they’re supposed to report to regulators their balance sheet, the liabilities and assets that they have – they will temporarily put all of the liabilities … they’ll park them in the shadow banking system.
In other words, they won’t report the liabilities … therefore making their profits look greater than they are.
And then when the regulators move on to the next company, they download the liabilities once again. And they do this on a quarter by quarter basis.
This is done by all of the Fortune 1,000 companies. They’re engage in massive accounting fraud to cook their books.
These 4 remaining big accounting firms are involved day in and day out with massive accounting fraud.