IAM015 – Fraud, Chaos and the Death of a Public Company (Part 4)



This is the last in a series of four podcasts detailing the events I faced at a previous employer. If you happen to be listening to this podcast first, you should probably go to Episode 12 and listen to them in order.

In this episode, we discuss the time after the company was delisted, struggling to recover as a public company and dealing with the craziness that ensued.

Below are some links to news stories from the times, if you’re interested in seeing the stories rolling out from the press.

CFO Magazine – Gloomy Skies for Sunterra (March 3, 2006)

CFO Magazine – Sunterra Puts CEO on Leave, CFO Leaves (June 23, 2006)

Letter from Shareholder (June 23, 2006)

Motley Fool – Sunterra’s Forced Vacation (July 6, 2006)

Reuters – Update 1 – Sunterra Says Internal Controls Weak (December 7, 2006)

Reuters – Update 1 – Diamond Resorts to Acquire Sunterra for $16/Shr (March 12, 2007)

Mackinac Partners Case Study (June 15, 2007)



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