Sep 25, 2012 | Accounting Frauds
The former controller of New Mexico Finance Authority that provides low-cost financing for capital projects by cities, counties, schools and New Mexico governmental organizations came under scrutiny when he was indicted on securities fraud and forgery charges. The...Aug 28, 2012 | Accounting Frauds
The audit committee of Diamond Foods Inc, the maker of Emerald nuts and Pop Secret found in February 2012, that the company will have to restate its 2010 and 2011 financial statements due to improper accounting for the payments to walnut growers. The payment to walnut...Jan 31, 2011 | Accounting Frauds
Healthcare Locum, a firm specilizing in suppling healthcare staff and social workers to public and private-sector clients, announced the suspension of executive vice-chairman and founder Kate Bleasdale and chief financial officer Diane Jarvis, amidst discoveries of...Jan 7, 2011 | Accounting Frauds
Parmalat SpA, an Italian dairy and food company, declared bankruptcy in late 2003 primarily due to an accounting scandal worth 8 billion euro. The saga began when Parmalat defaulted on a $185 million bond payment in mid-November 2003. This act made the auditors and...