cushion accounting

Ex-Trucking Firm CFO Charged in $245M Fraud
Risk & Compliance

Ex-Trucking Firm CFO Charged in $245M Fraud

Peter Armbruster allegedly used deceptive accounting maneuvers so Roadrunner Transportation could meet analysts' estimates.
By Matthew Heller | April 4, 2019
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Ex-Bankrate CFO Gets 10 Years for $25M Fraud
Risk & Compliance

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.
By Matthew Heller | September 26, 2018
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Ex-Bankrate CFO Pleads Guilty to $25M Fraud
Risk & Compliance

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.
By Matthew Heller | July 2, 2018
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