Fraud

Fraud

Luckin Coffee Crashes After Company Admits COO ‘Fabricated Transactions’

Those involved in the scheme allegedly fabricated $310 million in total sales and inflated certain costs and expenses.

Source: Benzinga
April 2, 2020
Hiring

Good Controller/Bad Controller

The “goldilocks” controller has the right mix of skills and interests for your current challenges with the ability to scale the company.
Fraud

High Court Hears Dispute Over ‘Ill-Gotten Gains’

The justices appeared skeptical that the SEC exceeded its powers by obtaining a $27 million disgorgement order against a California couple.
Risk & Compliance

Don’t Discount Secondhand Whistleblower Reports

Research shows that reports based on secondhand information are actually more credible than those from firsthand knowledge.
Leadership

CFO Magazine’s Most-Read Stories of 2019

Our most-popular articles reflected finance chiefs' top concerns during the decade's final year.
Fraud

Five IT Workers Charged in Insider Trading Ring

A former IT administrator at Palo Alto Networks allegedly tipped off four friends in advance of the company's quarterly earnings announcements.
Fraud

Exxon Cleared in Landmark Climate Change Trial

A judge rejected New York state claims that Exxon misled investors about the potential costs of future climate regulations.
Fraud

Solar Firm Owners Charged With ‘Massive’ Fraud

The owners of DC Solar raised nearly $910 million by selling investors solar generators that did not exist, the SEC said.
Fraud

Ex-Celadon Execs Accused of Accounting Fraud

The former COO and CFO allegedly orchestrated a scheme that enabled the trucking company to hide tens of millions of dollars in losses.
Fraud

SEC Charges Former MiMedx Execs With Fraud

The C-suite executives allegedly improperly recognized revenue from distributors with which MiMedx had secret side arrangements.
Fraud

Ex-Outcome Health Execs Charged With Fraud

The SEC says the CFO and two other executives misrepresented Outcome's financial performance to raise nearly $500 million from investors.
Regulation

Whistleblower Tips to SEC Top 5,200 in FY 2019

“The whistleblower program continues to have a significant positive impact on the commission’s enforcement efforts and protection of investors and markets."
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