SEC investigating Motive
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Nov 16, 05

As things go from bad to worse, the SEC has launched an investigation of Motive. So not nice. It's not clear yet, but Motive thinks the investigation is related to the restatement of its financial results and stock sales by certain unnamed executives.

Having worked there for about 13 months (at which point I came to my senses and quit), this comes as no suprise to me. I worked in development, so I cannot comment on anything specific about Motive's financial dealings, but things sure seemed sketchy to me. Lots of re-shuffling of money, finances, sales, etc. I kept wondering if this was the kind of thing that bigger companies (like Enron) got busted for doing, but Motive was able to get away with it because they were relatively small.

Again, I can't prove anything, but I never, ever the warm fuzzies about how Motive handled itself financially.