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What folks need to understand is @MarcumLLP is NOW saying Brian Kahn is a related party and that CONTRADICTS what $RILY and Sullivan and Cromwell put out in their press release blaming the Shorts.. Well @FriendlyBearSA @AureliusValue @valueseek_inv @WolfpackReports and I have…
$RILY Lies RILY has no collateral for the $200mm loan & uncollectible bc crooked Kahn skipped payment to Prophecy & RILY fired him. RILY covered up Kahn's bad acts with sham SPV and $200 mm more cash payments to Kahn. RILY lied to investors about paying $92.5 mm RAC settlement…
$RILY is Dirty beyond belief.. Just close your eyes and think about this; "Rily made interesting commentary in 10k. Noted their ability to maximize cash by getting cash from subs. Dizzying array of entities. RILY had spac trust money on books Frg & Rily boards need to answer…
$RILY, B. Riley Financial, is facing allegations of financial fraud and material weaknesses in its 2023 Annual Report. Concerns include undisclosed related party transactions involving Brian Kahn, a DOJ subpoena, and off-balance sheet losses. The company's auditors, Marcum LLP, are under scrutiny for signing off on the report despite these issues. A clawback policy was implemented in case of a restatement, indicating potential irregularities. Investors and regulatory bodies are being called upon to investigate the situation further.