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This morning, at a courthouse in Fort Worth, Tex., Slync founder Christopher Kirchner is going on trial to face charges of fraud and money laundering.
A North Texas construction contractor was sentenced to five years of probation and three months in jail after pleading guilty to fraud, Parker County District Attorney Jeff Swain announced in a ...
8 a.m.: Journalists from news outlets across Texas have arrived in Houston for a hearing in the felony securities fraud case against Attorney General Ken Paxton. Paxton has not yet arrived at the ...
In March 2017, the U.S. Department of Justice criminally indicted the CMED founder and CEO, as well as the 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.
If CPAs fail to modify the audit report on financial statements that are materially misstated, investors and firm creditors may experience substantial losses. Depending on the jurisdiction, CPAs may be liable for damages based upon common law, statutory law, or both. Common law liability arises from negligence, breach of contract, and fraud.
SAS 99 defines fraud as an intentional act that results in a material misstatement in financial statements. There are two types of fraud considered: misstatements arising from fraudulent financial reporting (e.g. falsification of accounting records) and misstatements arising from misappropriation of assets (e.g. theft of assets or fraudulent expenditures).
Paxton is also facing a lawsuit by the Texas State Bar, arguing that Paxton falsely claimed to have uncovered voter fraud in the 2020 presidential election. The case is on hold in a Dallas-based ...
The scheme erased more than $3.3 million worth of debts, Texas authorities said. Woman fakes 133 police reports to erase millions in debts, Texas cops say Skip to main content