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Tag >> cookie jar accounting
Aug 30
2010

Two former Dell finance execs settle fraud charges

Posted by Stephen Taub in settlementSecurities and Exchange Commissionsecfraudcookie jar accountingcomplianceAccounting

Stephen Taub

More problems for Dell.

The Securities and Exchange Commission settled civil charges with two former Dell finance executives for their role in the company's alleged accounting fraud.

Former chief accounting officer Robert Davis agreed to pay a penalty of $175,000, disgorgement of $19,080, and prejudgment interest of $9,078. He also agreed to a five-year suspension from appearing or practicing before the SEC as an accountant.

Aug 25
2010

Ex-Beazer finance exec faces 11 criminal charges

Posted by Stephen Taub in frauddeferred prosecutioncookie jar accountingcomplianceAccounting

Stephen Taub

The former chief accounting officer for Beazer Homes USA has been indicted on 11 criminal counts stemming from a fraudulent accounting scheme.

Michael T. Rand was charged with conspiracy, securities fraud, obstruction, witness tampering, false statements to a financial institution, misleading conduct, and destruction of records, according to an announcement from First Assistant US Attorney David A. Brown of the Western District of North Carolina, and Owen D. Harris, Special Agent in Charge of the FBI in North Carolina.





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