Accounting fraud

The move comes after ADM adjusted years of financial results due to errors in the way it reported transactions between business units.

Carvana was accused by short-seller Hindenburg Research of impropriety in a report alleging the auto retailer's subprime loan portfolio carries substantial risk.

It's been almost a year since Archer-Daniels-Midland Co. disclosed a probe into its accounting practices that wiped out $12 billion.

The retailer said the incident involved only one former employee, who had hidden as much as $154 million of delivery expenses since 2021.

An employee "intentionally" made erroneous accounting accrual entries to hide about $132 million to $154 million of cumulative delivery expenses stretching over multiple years.

The move follows an accounting scandal that has wiped out billions of dollars in market value and drawn investigations by the DOJ and SEC.

The server maker has seen more than $50 billion of its market value wiped out over concerns about its accounting.

The resignation comes after Department of Justice launched a probe into an ex-employee's claims that Super Micro violated accounting rules.

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.

Ben la Grange, whose official sentence is 10 years, won some leniency for cooperating with investigators.

The company was hit with a $24 million penalty as a result of an accounting scheme designed to inflate earnings.

Shipbuilder Austal USA and its parent company agreed to a $24 million civil penalty to settle fraud charges by the Securities and Exchange Commission.

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.

Mike Lynch, who is missing after his yacht sank off Sicily, had only recently fended off a U.S. criminal fraud case over the sale of his company to Hewlett Packard.

The police are looking into possible accounting and marketing fraud, market manipulation and use of privileged information.

Brazilian Federal Police carried out their most extensive operation yet to punish those responsible for a massive fraud carried out at retailer Americanas SA with arrest and search warrants issued in Rio de Janeiro.

Shares of Bookoff Group Holdings, a chain of second-hand Japanese bookstores, tumbled 10% after discovering fictitious purchases by employees.

Keith Taylor is charged with embezzling about $2.5 million intended to help working families, allegedly spending it on rent for a luxury Manhattan high rise, and meals at top restaurants and steakhouses. 

Prosecutors alleged that Autonomy used a number of manipulations to make its revenue growth appear better than it was, so vendors would then buy the company's products.

The software maker's shares soared by the most in more than a year after the company reassigned its chief financial officer, resolving an internal accounting investigation that delayed filings for weeks.