Fraud

Fraud

Flurry of SEC Cases Disclosed

With its fiscal year-end looming, the SEC disclosed charges and settlements against seven different organizations in two days.

Vincent Ryan
September 27, 2019
Fraud

Comscore Fined $5M Over Accounting Fraud

The data analytics giant's former CEO allegedly improperly recognized revenue from non-monetary transactions to beat Wall Street estimates.
Fraud

Ex-Sodastream CEO Suspected of Insider Trading

Daniel Birnbaum, now Sodastream's chairman, allegedly tipped off an associate in advance of the Israeli company's takeover by PepsiCo.
Fraud

Ex-Live Well Execs Accused of $130M Loan Fraud

The reverse mortgage firm's former CEO and CFO allegedly obtained millions of dollars in loans by grossly inflating the value of bonds used as collateral.
Fraud

Kraft Settles Futures Market Manipulation Case

The company allegedly made more than $5 million in profits and savings from improper wheat futures trading.
Fraud

SEC Charges 1 Global CFO in Fraud Scheme

Regulators said Alan Heide was part of a scheme to fraudulently raise investor funds.
Fraud

SEC Freezes Accounts of Digital Token Promoter

Regulators said Reginald Middleton and his firm Veritaseum failed to register and fraudulently sold ‘VERI’ tokens.
Capital Markets

Ratings Service for Digital Offerings Charged by SEC

Russia-based ICO Rating failed to disclose that its "ratings" of initial coin offerings were actually paid promotions.
Fraud

Former Brixmor Property CFO and CEO Charged with Accounting Fraud

The SEC charged the company and four former executives with manipulating non-GAAP measures.
Legal

Securities Fraud Class Actions Spike Again

Cases filed since the beginning of 2017 represent more than 20% of all such cases filed since 1997.
Fraud

Ex-Illumina Accountant Accused of Insider Trading

Martha Bustos allegedly passed on tips about the biotech firm's quarterly results to a close friend as part of a $6 million scam.
Financial Reporting

Are Women CFOs Less Prone to Financial Misreporting?

In a study of thousands of U.S. companies over 11 years, those with female CFOs were much less likely to file financial reports containing misstatements.
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