SeaWorld Attorney Charged with Insider Trading
Associate general counsel Paul Powers traded on nonpublic information that SeaWorld's earnings would exceed expectations.
Confronting the Harsh Realities of ‘Cross-Industry’ Fraud
CFOs should be alert to the growing threat from professional thieves who perpetrate the same types of fraud across multiple industries and sectors.
SEC: Telecom Firm Artificially Boosted Revenue
How many schemes did telecom expense management company Tangoe have for recognizing revenue improperly and hiding its pre-tax losses?
SEC Charges Citigroup for Internal Controls Failure
A Citigroup subsidiary failed to detect fraudulent invoices and work estimates in a receivables factoring program for an oil industry provider.
How to Spot a Fraudulent M&A Target
Here are some of the red flags of fraud that CFOs should watch out for when conducting due diligence.
Rev Rec Poses Health-Care Pricing Problems
As the industry consolidates, health-care CFOs will encounter a plethora of revenue streams that need to be accounted for.
AP Benchmarks Reveal Opportunities for Fraud
An APEX Analytix survey uncovers some weak spots in global accounts payable departments.
Cancer-Fighting Investments Went to Fund Restaurants
The SEC filed charges against a Massachusetts businessman for misusing investment funds intended for two pharmaceutical development companies.
Raymond James to Pay $150M Over Resort Fraud
The firm allegedly helped the owner and president of the Jay Peak ski resort misuse $200 million raised from immigrant investors.
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.
Western Union Fined $585M for Aiding Scams
U.S. authorities say Western Union's own agents processed payments for fraudsters in return for a share of the proceeds.