Accounting Fraud | featured news

7 Arrested in Olympus Accounting Cover-Up

Tsuyoshi Kikukawa, a former chairman and president of the company, was among those charged with falsifying financial statements.

 

BofA bolsters compliance after $10.7 billion error

BofA bolsters compliance after $10.7 billion error

Bank of America Corp is beefing up its internal accounting controls after it incorrectly classified as much as $10.7 billion in short-term lending and repurchase deals for mortgage securities as sales, according to a letter filed on Friday with U.S. securities regulators.

 

AIG's Greenberg pays $15 million to settle SEC charges

American International Group Inc's former Chief Executive Hank Greenberg agreed to pay $15 million to settle regulators' allegations of improper accounting transactions, the Securities and Exchange Commission said on Thursday.

 

Judge orders Scrushy to pay $2.9B to shareholders

A state judge on Thursday ordered former HealthSouth CEO Richard Scrushy to pay nearly $2.9 billion to shareholders who sued over a massive accounting fraud that nearly sent the rehabilitation chain into bankruptcy.

 

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