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 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...Oct 19, 2016 | Accounting Frauds
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...Sep 29, 2016 | Accounting Frauds
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...Sep 28, 2016 | Accounting Frauds
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...