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.
Fraud Charges for Ex-Oil Company Finance Execs
Former Penn West CFO Todd Takeyasu and two deputies improperly reduced operating expenses, SEC says.
Two CFOs Tell a Tale of Fraud at HealthSouth
Years after going to prison, disgraced CFOs try to make something good come from their crimes by telling finance executives how they went wrong.
Brazilian Aircraft Maker to Pay $205M Over Bribery Allegations
Aircraft manufacturer Embraer admitted responsibility for multiple FCPA violations in four foreign countries from 2007 to 2011.
Energy Services Vendor, Execs, Settle SEC Fraud Case
The energy services provider and four executives allegedly booked $20 million in improper revenue over a two-year period.