Accounting fraud

The complaints paint a picture of increasingly desperate measures undertaken by MiMedx’s top two officers to hit sales goals year after year.

Under Armour Inc. shares plunged after the company disclosed that federal officials have been probing its accounting practices for more than two years, bringing a fresh headache to investors just as the sports brand prepares for a CEO transition.

Nathan Wheeler, a 43-year-old CPA in Portland, Oregon, who also owns a marijuana business, was sentenced to 51 months in federal prison for wire fraud and tax evasion after embezzling nearly $1 million from an Olympic snowboarding medalist.

Companies lack adequate anti-fraud staff and resources and are seen as more likely to fall prey to fraud than in the past, according to a new report.

The SEC settlement offers a rare glimpse into the steps that were taken to make sure more than $140 million paid to Nissan's ex-chairman wasn’t disclosed publicly.

The legislation would create a whistleblower program similar to the one at the SEC, offering protection to accountants and auditors, and others who know of accounting fraud.

A review of the financial records of the National Rifle Association of America shows that the affiliate transferred nearly three times as much last year as in the past.

A former Walt Disney accountant has accused the company of overstating revenue for years and has filed whistleblower tips with the SEC.

The prevalence of fraud in modern corporations is astounding when one considers the architecture that is in place to eliminate it.

General Electric shares plunged after a prominent whistle-blower working with a short-seller accused the company of masking financial problems.