Nov 17, 2016 | Accounting Frauds
The fight between HP and Autonomy saw the former autonomy CFO, Sushovan Hussain, being charged with accounting fraud by a federal grand jury in the US. The charges against Hussain alleged that he made false and misleading statements about Autonomy’s finances, put...Nov 14, 2016 | Accounting Frauds
Weatherford International announced the sudden exit of it’s CEO Bernard Duroc- Danner. The move though sudden is not unexpected. Recently the company settled with SEC on deceptive accounting charges. The company had overstated its results to meet its earlier announced...Nov 11, 2016 | Accounting Frauds
The accounting watchdog in England, Financial Reporting Council, found that misconduct by Deloitte led to the collapse of Aero, an aircraft parts wholesaler. The misconduct cost Deloitte £4 million! The fine is the highest recorded by the FRC for misconduct of a firm....Oct 25, 2016 | Accounting Frauds
Jazzercise, a physical fitness company, have filed a case against their former finance director, Sherri O. Potts, who was stealing from the company. Sherri is charged with 50 theft related charges including forgery, fraudulent appropriation and grand theft by an...Oct 21, 2016 | Accounting Frauds
FMC Technologies Inc and two of its former Controllers settled charges with the SEC, that it overstated profits in one of its business segments. The reason for the overstatement- to meet internal targets, the method of overstatement- improper adjustments and...Oct 20, 2016 | Accounting Frauds
Roger Stadtmueller, a CPA who owns Stadtmueller & Associates, an accounting and consulting services firm in Spokane Washington was charged and sentenced to 15 months of prison for filing fraudulent tax returns for his own company. Stadtmueller had set up a...