Was speaking to a friend the other day about our friends at Bhringer and how they were recently in hot water with the FCC. His comment was that we can expect to see these units discounted and sold of quickly.
He told me about them loosing a court case some time ago in which they were prohibited from manufacturing any more of the item in question (EQ or
compressor – I can’t quite remember) but the court ruling didn’t stop them from selling their existing
stock.
What they did was reduce the sale price on this item dramatically to
clear their
stock, which paid off the fine and legal costs and still gave them money to bank.
On a side
line to this, he told me about a documentary he once saw that showed how big businesses can get away without paying their taxes. Apparently, when they are ordered to produce their financial records
etc, they literally pack up every item of paper and
send it to the IRS.
By law, the IRS has to stamp each individual
page as being recorded and logged and then has to provide secure storage for the duration of the investigation/audit. Apparently, when you
send a couple of truck loads of financial documents, the IRS is unable to provide the man hours and storage to complete the job. As such, they withdraw the order.
Oh to be rich and powerful!