Exercising on slot machines

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...

Lime Energy pays $1M for accounting fraud

Lime Energy Co. agreed to pay $1 million to settle accounting fraud charges filed by the Securities and Exchange Commission. SEC alleged that Lime Energy and four of its executives recognized millions of dollars of revenue improperly. In total $20million of revenue...

Creative retail accounting

Rebates are proving to be a bane for the retailers. Not because its illegal but because of how most retailers in the recent times like Tesco and Target have had heartburns due to the accounting treatments for that. The next one in line is Dick Smith that collapsed...

Taxing times for Weatherford

After agreeing to pay $250M to SEC, Department of Justice and Department of Treasury Oil, in 2013, to settle charges that it authorized bribes and other kickbacks to foreign officials to win business overseas; Weatherford International has now agreed to pay another...