It seems the overhyped doughnut franchise is caught up into accounting problems
http://money.cnn.com/2004/12/16/news...py_kreme.reut/
http://www.msnbc.msn.com/id/6722675/
Another case of cooked financial books with those at the top running away with all the money when the fraud is revealed. Krispy Kreme was always overrated so none of this surprises me. They sell doughnuts for goodness sake.
I wouldn't be surprised if someday soon coffee shops like Starbucks and Second Cup aren't found to be involved in similar activities. They're also extremely overhyped/overrated.