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In March 2017, the U.S. Department of Justice criminally indicted the CMED founder and CEO, as well as former Chief Financial Officer, charging them with securities fraud and wire fraud conspiracy for stealing more than $400 million from investors as part of a seven-year scheme.
A month earlier, the company's internal auditors discovered over $3.8 billion in illicit accounting entries intended to mask WorldCom's dwindling earnings, which was by itself more than the accounting fraud uncovered at Enron less than a year earlier. [111] Ultimately, WorldCom admitted to inflating its assets by $11 billion. [112]
BF Borgers, Trump Media & Technology Group’s independent accounting firm, was charged by the Securities and Exchange Commission on Friday with widespread fraud impacting more than 1,500 filings.
Former CEO Sanjay Kumar, who served time and paid penalties [8]; Former sales executive Stephen Richards [6]; Former CA general counsel Steven Woghin, sentenced to two years. [12]
The SEC charged BF Borgers, the accounting firm for former President Donald Trump’s social media company, with “massive fraud.”
Warned to mind his out-of-court comments, former President Donald Trump returned to his New York civil fraud trial Wednesday as his defense lawyers closely questioned an accountant who prepared ...
New York v. Trump is a civil investigation and lawsuit by the office of the New York Attorney General (AG) alleging that individuals and business entities within The Trump Organization engaged in financial fraud by presenting vastly disparate property values to potential lenders and tax officials, in violation of New York Executive Law § 63(12).
A judge recently ruled that former president is liable for fraud for overvaluing his assets Donald Trump Jr laughs about accounting skills in video shown at father’s fraud trial Skip to main content