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B. Riley faces financial scrutiny due to defaults by client Brian Kahn, leading to potential restatement of 2023 financials. Allegations of fraudulent practices and cover-ups emerge, with accusations against key figures and firms involved. Concerns raised about undisclosed information and potential legal repercussions.
Tomorrow it all ends and people will end up going to Prison at $RILY . It may take some time but it will happen. The Fraud is massive and we will see how @MarcumLLP plays it tomorrow.. https://t.co/8ev6vzWHMI
Fans of GAAP Accounting. Tomorrow we find out if $RILY really offers 93% LTV loans at 12% PIK rates to anyone who shows up at the bank willing to pledge illiquid stakes in over-levered companies. Now that they made the claim publicly, they have to stand by it...@AlderLaneEggs https://t.co/WenYvshVzB
$rily is some kind of fraud.. This I know and there is NO WAY OUT. https://t.co/Nz6pBa6APo
