CQ thinks it could more serious than just a computer glitch as the company claims.
However, the episode clearly unnerved some of the AAR staff. Brian says he has heard from multiple sources within AAR that only a last-minute infusion of cash from an unknown source helped AAR clear their payroll, but it came a bit too late to float the direct deposit on time. As Brian notes, that would mean the $13 million it got from investors earlier this year has already dissipated. If that is the case, it would explain why Piquant Media had agreed "months ago" to repay Gloria Wise for the misappropriated funds it received, but failed to start payments until the scandal went public.
Don't be surprised if the liberal netlet collapses in the weeks ahead, unless it can find another set of white-knight investors willing to keep the enterprise afloat. Perhaps, as Brian suggests, its high-priced talent will start deferring their own salaries to rescue the company -- if they haven't already.
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