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Koss Stereophones

post #1 of 18
12/25/09 at 2:32pm
Thread Starter 
Perhaps this is why they've struggled to break into the high-end...

Koss embezzlement may exceed $20 million - JSOnline
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post #2 of 18
12/25/09 at 2:53pm
wowza.
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post #3 of 18
12/25/09 at 3:06pm
I hope she goes to jail for a very very long time. Crooks in disguise -- helping with charity and stealing $$$ at the same time. Goes to show you can never be too careful with people no matter what position, education, or title they hold.
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post #4 of 18
12/25/09 at 4:55pm
$1.3M in clothes and jewelry in two years? I... I'm not sure my poor thrift store brain can comprehend that.
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post #5 of 18
12/25/09 at 5:06pm
This must be why we've never seen a Koss ESP960....
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post #6 of 18
12/25/09 at 5:39pm
Can I get a job?
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post #7 of 18
12/25/09 at 6:43pm
Lock up this scum for life. $20m is a huge impact on a company this size.
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post #8 of 18
12/25/09 at 7:03pm
That's a shame for a company that's so loyal and supportive to its customers.

I wish the Koss company all the best in recovering from this mess.
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post #9 of 18
12/25/09 at 7:17pm
Quote:
Originally Posted by MCC View Post
Lock up this scum for life. $20m is a huge impact on a company this size.
Funny you mention that...

Quote:
$20 million - The amount that may have been stolen from Koss since 2006
$18.4 million - The company's reported earnings during the same period
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post #10 of 18
12/25/09 at 7:52pm
I think I'll put my application in this week, they are within walking distance from where I live...
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post #11 of 18
12/25/09 at 9:44pm
$20 million - The amount that may have been stolen from Koss since 2006
$18.4 million - The company's reported earnings during the same period

Does this mean that there might be a loss of ~2 mil. or that they got jipped out of an extra 20 mil profit?
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post #12 of 18
12/25/09 at 11:51pm
Ouch, that really sucks. I hope Koss manages to work it out and get back on its feet. Good luck to them.
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post #13 of 18
12/26/09 at 12:12am
The best budget phones, maybe the IRS will understand
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post #14 of 18
12/26/09 at 3:56am
Women? eh?
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post #15 of 18
12/27/09 at 12:53am
I really hope they are able to bounce back from this. I love the KSC75's and the Portapros. Their lifetime warranty is a big reason why I shop koss. It would be terrible if something like this is what ends koss.

-Nylan
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