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Tuesday, November 20, 2007

From The "Well, That Took Long Enough" File:

SEC investigating InfoUSA Inc.

"The company said in a short statement filed with the SEC that it had received letter from the federal agency asking for documents about "related-party" transactions, expense reimbursements, other expenditures and "certain trading" in the company's stock."


You mean that you cannot use publicly-traded company money to buy yourself houses, cars, and Memorial Stadium skyboxes? And you can't fly Bill and Hillary Clinton all over the globe for nothing? You're telling me that it seems fishy when you give Bill Clinton $6 million of shareholder's money to be a "consultant?"

I've always wondered if/when this would ever happen. I'd be lying if I said I wasn't happy about it, either. Karma is coming to getcha, InfoUSA! You can only be shady and treat your employees like shit for so long before it catches up with you...

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