accounting fraud Archives - The Industry Spread

SEC Charges Engine Manufacturing Company Executives With Accounting Fraud

July 26, 2019

The Securities and Exchange Commission today charged the former chief executive officer of a Chicago-area engine manufacturing company and two former senior sales executives for their roles in an accounting fraud that allegedly overstated the publicly-traded company’s revenues by almost $25 million.

SEC Charges Truckload Freight Company With Accounting Fraud

April 28, 2019

The Securities and Exchange Commission today charged Indianapolis-based Celadon Group Inc. with an accounting fraud that allowed the truckload freight company to avoid disclosing substantial losses and misrepresent its financial condition.

SEC Charges Transportation Company Executives With Accounting Fraud

April 5, 2019

The Securities and Exchange Commission today charged the former CFO and two former employees of a publicly traded transportation company with accounting fraud for manipulating the company’s financial results in order to meet earnings targets and projections.