Oct 22, 2010 | Accounting Frauds
Tui Travel a tour operator, a company formed in 2007 from the merger of German group Tui AG’s travel division and First Choice, disclosed that the company had overlooked £117 million of small cash discounts given to British holidaymakers. The finance director of...Oct 8, 2010 | Accounting Frauds
The complaint against John Blahnik, the former treasurer and vice president of treasury, mergers and acquisitions at Delphi Corp. was that he had participated in 3 fraudulent schemes, filing materially false and misleading financial statements on the company’s Forms...Sep 2, 2010 | Accounting Frauds
Finally an SEC investigation that did not lead to any enforcement action. After completing their investigation the SEC did not recommend any enforcement action for KB Homes. The SEC had launched a probe last year into possible accounting and disclosure violations by...Aug 31, 2010 | Accounting Frauds
What would you do with $30 million? Well Sujata Sachdeva, the VP of Finance and Principal Accounting Officer at Koss Corporation bought designer clothes, furs, purses, shoes, jewelry, household furnishings, cars, did home improvement and renovations. The only...Aug 30, 2010 | Accounting Frauds
On August 26,2010; a New Jersey appeals court found sufficient evidence that KPMG was negligent in its audits of the books of Papel Giftware Inc. KPMG audited the books of the ceramic company, the acquirer, Cast Art Industries LLC., and its financial backers relied...