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By Mr. Edwards's account, Mr. Dunlap always assured him that the exaggerated profits could be made up, and the falsifications thereby concealed, when results improved later.
Correa declared: "The problem is the exact opposite: The banks have ample funds and reserves, they are breaking historic records with their profits, exaggerated profits based on high interest rates, these will be regulated and controlled".
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The stock prices are artificially boosted by false or exaggerated profitability claims, and the schemers then sell their shares at considerable profit.
While the band's druggy reputation is by no means over-exaggerated, not all of the profits went up their noses.
Aral warns that political operatives, marketers, or anyone who could profit from an exaggerated appearance of popularity could take advantage of this phenomenon to manipulate online ratings.
The discussions thus became simply another verse of the council majority's all-too-familiar tune: 'Our way or the highway.'" Muir called the council majority's direction "politically motivated". It uses "misleading" numbers and exaggerated outcomes for a for-profit company that's accountable to shareholders, not the community, she contended.
All told, the S.E.C. said, the company exaggerated revenue by $3 billion and pretax profits by $1.4 billion from 1997 to 2000, mostly by recognizing revenue from lease deals earlier than they should have been recognized.
Mr. Patel, who has no apparent conflict, gave no reason for the jump, which looks just a bit exaggerated given Amazon's first-quarter profits in the segment of just $4.2 million.
They are not saying these conditions don't exist -- they are indeed problematic for some people -- but that their incidence and relevance is wildly exaggerated in the pursuit of corporate profits.
Of course, investigators are trying to determine whether Enron's trading unit exaggerated the size of its long-term profits or manipulated prices during the California energy crisis.
Profit estimates may be enormously exaggerated, but it would be a mistake not to consider cybercrime a serious problem.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com