alt Hacker News> Being skeptical of reported profit is a prerequisite for any conversation about entertainment industry accounting.
If you are referring to Hollywood accounting, that has nothing to do with audited figured in SEC filings. Hollywood accounting is just poorly written contracts litigated in civil court.
Misstated financials in SEC filings are a criminal offense, which obviously could be happening, but I have yet to see any evidence.
> There's tons and tons of reporting, testimony and an official record of the federal courts of the United States of America, all covering these issues. You don't have to read that stuff, but if you haven't got any actual understanding of this issue, there's no reason to post about it.
So you are alleging the federal courts and prosecutors know about all of this fraud, provably, and are not indicting anyone. Which, of course, could be true due to corruption. I just haven’t seen a reputable article connecting all the dots, which is odd because it seems like the type of thing journalists like to publish.
Also, seems like the other Livenation shareholders would not like to be defrauded, so wouldn’t they be at least suing Livenation for their missing profits?
30% of livenation is owned by another publicly listed company, with majority voting shares held by this guy:
https://en.wikipedia.org/wiki/John_C._Malone
He seems influential enough to not want to take missing profits on the chin. Or is he in on the fraud too?
You see where this starts needing a decent amount of evidence without sounding like a conspiracy theory.
Yes, of course. They are all in on the fraud.
This is like the equivalent of this economist joke:
https://www.econlib.org/bills-on-the-sidewalk/#:~:text=Kevin...
Has anyone not noticed that the Justice Department has literally been for sale? That we have stopped prosecuting white-collar crime in this country for a generation or two?
There's always a way. They hire the former prosecutor, they employ the children of congressmen. The money permeates everybody and everything. It's a criminal organization. It's obvious to anyone paying even the slightest bit of attention.
The idea that you can tell that people aren't committing white-collar crime because they haven't been prosecuted is a hilarious assumption.
It's not a conspiracy theory. It's right out in the open. They think they won't ever face real actual personal consequences. They're probably right.