Everybody assumes that finding the fraud is the good part.

Finding the fraud is the beginning of about two years of the worst period in Vance Global’s history, and I lived in a house with the man who had to run it, and I want to describe what it actually did, because the fantasy version — the partner uncovers the theft and the company is saved — is not a thing that happens.

The auditors. The company had reviewed financial statements for three years that were now known to contain fraudulent vendor payments.

Those years had to be reopened.