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Thursday, 23rd October 2014

in Bee Cave TX 78738

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PEC in double whammy

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Pedernales Electric is facing two serious financial issues in a short period of time.

 

First, two staff members were arrested and charged with over $50,000 of fraudulent company credit card usage.

 

Now, CEO John Hewa has announced the failure of a $47MM write off associated with the failure of their SAP accounting software implementation.

 

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