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Tag >> backdating
Jun 06

American Tower subpoenaed by SEC

Posted by Stephen Taub in U.S. Attorneysubpoenastock optionsSecurities and Exchange CommissionSEC filingsJustice Departmentcompliancebackdating

Stephen Taub

American Tower has one again become a target of regulators.

The telecom company said in a regulatory filing it has received a subpoena from the Securities and Exchange Commission requesting certain documents from 2007 through the present, including in particular documents related to the Company's tax accounting and reporting.

Dec 10

BREAKING NEWS: Three ex-finance execs of Vitesse charged

Posted by Stephen Taub in US Attorneystock optionsrevenue recognitionrestatementsfraudcompliancechief financial officerbackdating

Stephen Taub

The former chief financial officer and founder and former CEO of Vitesse Semiconductor were charged for their roles in an accounting and securities fraud scheme.

Louis Tomasetta, the co-founder and former CEO and former CFO and Executive Vice President Eugene Hovanec , were charged with securities fraud, making false entries in the books and records of a corporation, making false filings with the Securities and Exchange Commission and conspiracy for their roles in a scheme to manipulate Vitesse's reported financial statements, according to Preet Bharara, the United States Attorney for the Southern District of New York.

Sep 02

KB Home cleared of accounting charges

Posted by Stephen Taub in stock optionsSecurities and Exchange CommissionseccompliancebackdatingAccounting

Stephen Taub

Finally some good news for KB Home.

The homebuilder said the Securities and Exchange Commission has concluded its investigation into the company's accounting and disclosures and does not plan to recommend any enforcement action. The letter from the regulator concludes the SEC's investigation, which began in October 2009.

Apr 26

Ex-CFO found liable of backdating charges

Posted by Stephen Taub in stock optionsSecurities and Exchange Commissioncompliancebackdating

Stephen Taub

The SEC, under attack last week for its Goldman lawsuit and porn allegations, late Friday finally had a victory to celebrate.

Apr 08

One day, two CFOs, two trials

Posted by Stephen Taub in U.S. AttorneytrialsecfraudcompliancebackdatingAccounting

Stephen Taub

Wednesday was not a good one for the CFO profession.

Two separate trials have gotten underway this week involving chief financial officers. One of them is civil while the other is criminal.

Feb 11

Juniper pays huge sum for backdating options

Posted by Stephen Taub in stock optionsSecurities and Exchange CommissionRaj rajaratnamMadoff scandalJuniper Networkscompliancebroadcombackdating

Stephen Taub

Remember the stock option backdating scandal? It qualified as the biggest financial scandal just a few years ago, until the Bernie Madoff fraud, the subsequent spate of Ponzi schemes, the Raj Rajaratnam insider trading scandal, and, of course, the global financial meltdown.

But, in the past week backdating has twice been in the news. And it was positive or negative, depending upon the participant.

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