SEC Charges Longfin CEO With Accounting Fraud
Venkata Meenavalli, who was previously accused of illegal stock distribution, is now also facing charges that he falsified nearly 90% of Longfin's revenue.
SEC Charges College Controller with Fraud
Keith Borge of the College of New Rochelle agreed to a partial settlement over allegations he misstated assets.
Hong Kong Firm Fined $3M for Accounting Fraud
The SEC says Agria Corp. hid from investors a $17.5 million loss from the sale of its primary operating entity in China.
Internal Controls Violations in Cyber-Fraud Cases?
The SEC takes the position that public companies must assess and calibrate internal accounting controls for the risk of cyber frauds.
Ex-Bankrate CFO Gets 10 Years for $25M Fraud
Edward DiMaria argued the fraud amounted to only an “incremental smoothing of earnings” but prosecutors said he "blatantly manipulated" Bankrate's earnings.
Ex-Bankrate CFO Pleads Guilty to $25M Fraud
Edward DiMaria will be sentenced in September for using "cushion" accounting to inflate Bankrate's reported revenue and earnings.
Ex-Autonomy CFO Convicted of Massive Fraud
A U.S. jury finds Sushovan Hussain "misused his special skills in accounting" to inflate the U.K. software firm's revenues before it was acquired by HP.
‘Impossible Position’ for Corporate Fraud Gatekeepers
The recent Supreme Court whistleblower ruling is a devastating blow to defenses against corporate fraud, says an architect of the SEC whistleblower program.
PwC Fined $2M Over Indian Accounting Fraud
India's securities regulator sanctions the firm for failing to detect the $1.7 billion fraud at Satyam Computer Services.
Ex-Bankrate CFO Charged With Criminal Fraud
Edward DiMaria allegedly used "cushion" accounting and other methods to manipulate Bankrate's reported revenue and earnings.
Ex-American Realty CFO Gets 18 Months in Jail
Brian Block "participated in a scheme to inflate the value" of the REIT by "brazenly" making up numbers for a key metric, a judge says.