Krispy Kreme, the corporate crime lottery, and Sarbanes-Oxley

Today’s W$J covers the problems at Krispy Kreme.  There is what looks like possible accounting fraud – shading earnings to show continued growth.  Small adjustments can be very significant, given irrational market reaction to earnings “thresholds.” Indeed, this is the sort of.

Tom Johnson was in Washington DC Christmas Day. The computer executive had taken the red-eye from Las Vegas to the Capital to make sure to spend Christmas morning with his kids. According to credit card receipts, Tom was also in Ft Lauderdale,.