FBEC Worldwide Inc. FBEC (last ticker on record)
CIK 1311735Its SEC filings (opens in a new tab)
- 95% wipeout
- Restatement
These figures describe clients, not conduct. A lawyer or firm can serve many companies that later had trouble for reasons that have nothing to do with their work, and nothing here says any lawyer or firm did anything wrong.
- Red flags
- 2
- Newest began Apr 2014
- Largest fall in its shares
- 99%
- Aug 2010 to Oct 2014
- Law firms
- 3
- Linked to 5 or more companies
- Lawyers
- 3
- Linked to 5 or more companies
What happened
- Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)
- Shares down 95% from their high
- Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)
An SEC release can name a company’s officer, or its stock as what a scheme sold or moved, so the company may be the victim. Each link goes to what to read.
Law firms
The ratios are about all the companies linked to each one, this one included: how many had that outcome, as a multiple of what comparable companies show. 1.00 means no more than expected.
- Munck CarterFirst linked Jan 2010 · Named in SEC correspondence · 5 linked companiesSEC/DOJ scrutiny 0.00× · Went dark 1.39× · 95% wipeout 1.33×
- Andrews Kurth LLPFirst linked Feb 2005 · Named in SEC correspondence · 398 linked companiesSEC/DOJ scrutiny 1.27× · Went dark 0.35× · 95% wipeout 1.30×
- Lionel Sawyer & CollinsFirst linked Feb 2005 · Named in a filing · 128 linked companiesSEC/DOJ scrutiny 1.07× · Went dark 0.88× · 95% wipeout 0.96×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Munck Carter | Jan 2010 | Named in SEC correspondence | 5 | 0.00 | 1.39 | 1.33 |
| Andrews Kurth LLP | Feb 2005 | Named in SEC correspondence | 398 | 1.27 | 0.35 | 1.30 |
| Lionel Sawyer & Collins | Feb 2005 | Named in a filing | 128 | 1.07 | 0.88 | 0.96 |
Lawyers
The ratios are about all the companies linked to each one, this one included: how many had that outcome, as a multiple of what comparable companies show. 1.00 means no more than expected.
- Thomas C. CookThomas C. Cook Attorney at LawFirst linked Nov 2013 · Named in a filing · 80 linked companiesSEC/DOJ scrutiny 1.07× · Went dark 1.96× · 95% wipeout 0.59×
- Jeffrey M. McPhaulWinstead PCFirst linked Jan 2010 · Named in SEC correspondence · 6 linked companiesSEC/DOJ scrutiny 1.34× · Went dark 0.00× · 95% wipeout 1.17×
- Ronald L. BrownAndrews Kurth LLPFirst linked Feb 2005 · Named in SEC correspondence · 14 linked companiesSEC/DOJ scrutiny 4.30× · Went dark 1.75× · 95% wipeout 1.19×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Thomas C. CookThomas C. Cook Attorney at Law | Nov 2013 | Named in a filing | 80 | 1.07 | 1.96 | 0.59 |
| Jeffrey M. McPhaulWinstead PC | Jan 2010 | Named in SEC correspondence | 6 | 1.34 | 0.00 | 1.17 |
| Ronald L. BrownAndrews Kurth LLP | Feb 2005 | Named in SEC correspondence | 14 | 4.30 | 1.75 | 1.19 |