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Old 01-26-2005, 03:53 AM
SmartBlondeGPhB SmartBlondeGPhB is offline
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Join Date: Dec 2002
Location: Puget Sound, WA
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The jist of the article is that they improperly booked $1 million in revenue at the end of 2003 so they could show a profit rather than a loss. Then they submitted financial statements without the required auditing.

But, it is the FORMER publisher of Penthouse. Not the current management.
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