Weatherford Fined $140M for Accounting Fraud
Two senior tax executives at the oil services firm allegedly schemed to report false ETRs that aligned with analysts' expectations.
Accountant Suspended Over Failure to Spot Fraud
Among other things, the accountant and his firm failed to detect fraudulent sales and identify related-party transactions, says the SEC.
Ex-IEC Electronics Execs ‘Pumped Up’ Profits
The two executives have settled SEC charges that they used false inventory accounting to meet IEC's gross profit margin targets.
N.Y. Town Officials Accused of Bond Fraud
Prosecutors say it is the first criminal case to allege accounting fraud against city officials in connection with the sale of municipal bonds.
ArthroCare Execs Win Appeal of Fraud Convictions
An appeals court ordered a new trial for the CFO and CEO of the surgical device maker. Both are serving prison terms.
Ex-CFO, Others Charged in Superior Bank Fraud
Superior’s senior-most officers and certain directors concealed significant losses from loan impairments during the mortgage meltdown, alleges the SEC.
Toshiba Shareholders Sue Over Accounting
The lawsuit is the latest fallout from a financial scandal that has caused Toshiba's stock price to fall 40% since May.
Accounting and Finance Roundup for Executives
Stay up-to-date with the best information on the web. The CFO roundup keeps you informed so you can get involved on every level of finance.
Top OCZ Execs Charged With Accounting Fraud
Former CFO Arthur Knapp agrees to pay $130,000 to settle charges he failed to prevent the misclassification of sales discounts.
ContinuityX Execs Charged With Faking Revenue
The CFO and CEO fabricated nearly all of the Internet services company's revenue using straw buyers and forged documents, says the SEC.
N.M. Bank Settles Fraud Charges for $1.5M
Trinity Capital and some of its executives 'grossly misreported its income to shareholders and regulators,' says the SEC.