Backdating problems

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By the time I haven't got round to building them, Mini Art's offerings should be available.

Indy Mac, a contraction of Independent National Mortgage Corporation, was an American bank based in California that failed in 2008 and was seized by the United States Federal Deposit Insurance Corporation (FDIC).

A client or, in the case of an in house lawyer colleague (who for the purposes of this article will also be considered a client), asks you to prepare a document and then your heart sinks as he says “oh and it has to be dated” and gives a date which has already passed.

Is it legal to comply with the request or must it always be refused outright?

The event did not happen during the time period required for the benefit so an attempt is being made to pretend that it did.

This is a fraud on the tax authorities, a criminal offence and is likely to get the lawyer who prepared the document disciplined by his regulator and possibly also charged as a co-conspirator.

The thing I liked about the Journal's treatment of the Alexander case was how the reporter managed to be respectful toward the Namibian legal system while at the same time hinting to readers that not every society has the same attitude toward Option backdating scandals: how management accountants can help: backdating of employee stock options can have a significant negative effect on a public company.

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There are 2 places they could have put it which would have matched real construction, but they chose a 3rd place ....... Likewise, one imagines that Mini Art might go down that road too. I picked up the Skif kit for less than a tenner, soon realising that was about a tenner more than it's worth.

For example, if a seller had sold his house in December then the seller could have taken advantage of certain tax benefits.

However, he only realizes this in January and so wishes to backdate the document to December.

as a means of collateralizing Countrywide Financial loans too big to be sold to Freddie Mac and Fannie Mae.

In 1997, Countrywide spun off Indy Mac as an independent company run by Mike Perry, who remained its CEO until the downfall of the bank in July 2008.

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