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For: Lehman Brothers Repo 105 balance-sheet transactions (2007-08)
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Nov 4, 2026 at 12:48 AM
November 2026: Corrected the record on whistleblower Matthew Lee's letter (it did not mention Repo 105; he raised that with Ernst & Young separately in June 2008), Ernst & Young's two Repo 105 settlements ($99 million investor class action, approved April 2014; $10 million New York Attorney General case, April 2015), Dick Fuld's April 2010 House testimony and the SEC's role, and clarified that the bankruptcy examiner found colorable civil claims rather than a finding of fraud, which no court has made.
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