BHG Alleges 'Accounting Shenanigans' in EchoStar/Dish
New EchoStar and its board "are on track to bankrupt" its Dish Network subsidiary after having stripped it of its assets, investment fund Buxton Helmsley Group wrote the company Monday. It accused Dish, prior to EchoStar's acquiring it (see 2401020003),…
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of having made a variety of material misstatements about its finances. It said the pending EchoStar/Dish debt swaps (see 2401170012) can't go forward until those "accounting shenanigans" are corrected. The combined companies didn't comment Tuesday.