Wednesday, March 28, 2012

New Allegations of Fraud Against Green Mountain Coffee Roasters in Amended Class Action Complaint

Yesterday, class action lawyers filed a proposed second amended complaint against Green Mountain Coffee Roasters (NASDAQ: GMCR) alleging violations of various federal securities laws. In January 2012, the Judge dismissed that class action lawsuit, but allowed the plaintiff's lawyers to re-file an amended complaint. The proposed amended complaint cites additional allegations of fraud by the company. Most important, it provides new and more detailed information from various confidential witnesses who claim to have direct knowledge of certain alleged frauds that was not contained in the previous complaint. In addition, the amended complaint cites certain forensic accounting analysis provided by this blog, a report by money manager David Einhorn, and analysis provided by other bloggers. The Securities and Exchange Commission is investigating the company. A marked copy of the proposed amended complaint can be downloaded here and is available for reading below.

2012 03-27 Horowitz vs Green Mountain Coffee Roasters - Proposed Second Consolidated Amended Class Action C...


Written by:

Sam E. Antar

Disclosure

I am a convicted felon and a former CPA. As the criminal CFO of Crazy Eddie, I helped my cousin Eddie Antar and other members of his family mastermind one of the largest securities frauds uncovered during the 1980's. I committed my crimes in cold-blood for fun and profit, and simply because I could. If it weren't for the heroic efforts of the FBI, SEC, Postal Inspector's Office, US Attorney's Office, and class action plaintiff's lawyers who investigated, prosecuted, and sued me, I would still be the criminal CFO of Crazy Eddie today.

There is a saying, "It takes one to know one." Today, I work very closely with the FBI, IRS, SEC, Justice Department, and other federal and state law enforcement agencies in training them to identify and catch white-collar criminals. Often, I refer cases to them as an independent whistleblower. I teach white-collar crime classes for various government entities, professional organizations, businesses, and colleges and universities. I do not seek or want forgiveness for my vicious crimes from my victims. My past sins are unforgivable.

I do not own any Green Mountain Coffee Roasters securities long or short.

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