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The retailer said the incident involved only one former employee, who had hidden as much as $154 million of delivery expenses since 2021.
November 27 -
An employee "intentionally" made erroneous accounting accrual entries to hide about $132 million to $154 million of cumulative delivery expenses stretching over multiple years.
November 25 -
The move follows an accounting scandal that has wiped out billions of dollars in market value and drawn investigations by the DOJ and SEC.
November 19 -
The server maker has seen more than $50 billion of its market value wiped out over concerns about its accounting.
November 13 -
The resignation comes after Department of Justice launched a probe into an ex-employee's claims that Super Micro violated accounting rules.
October 30 -
The sofamaker agreed to pay $1.5 million to the SEC to settle allegations that two former executives devised a fraudulent accounting scheme to meet a key Wall Street metric.
October 30 -
Ben la Grange, whose official sentence is 10 years, won some leniency for cooperating with investigators.
October 3 -
The company was hit with a $24 million penalty as a result of an accounting scheme designed to inflate earnings.
August 29 -
Shipbuilder Austal USA and its parent company agreed to a $24 million civil penalty to settle fraud charges by the Securities and Exchange Commission.
August 27 -
Starboard Value LP urged Autodesk Inc.'s board to evaluate whether Chief Executive Officer Andrew Anagnost is the right person to lead the company following recent accounting issues.
August 22