United Rentals has agreed to pay $14 million to settle charges that it engaged in financial fraud and a broad range of improper accounting practices.
The company is one of the largest equipment rental providers in the world with locations throughout the U.S., Canada and Mexico. The Securities and Exchange Commission alleged that between late 2000 and 2002, URI engaged in a series of dubious three-party sales-leaseback transactions to meet earnings forecasts and analyst expectations.
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