CEO in fraud case needs more than seven days prison: court The 6th U.S. Circuit Court of Appeals said Michael Peppel, the former chief executive of the audio-visual technology company MCSi Inc, must be resentenced for his 2010 guilty plea to charges of conspiracy to commit fraud, false certification of a financial report, and money laundering. U.S. District Judge Sandra Beckwith in Cincinnati abused her discretion in sentencing Peppel to an "unreasonably low" week behind bars based almost solely on her belief that the defendant was "a remarkably good man," the appeals court said. [Reuters]
Going Concern friendly Dave Albrecht is on the hunt for a new teaching gig. [The Summa]
'Big Four' accounting firms could lose tight grip on UK audit market [Guardian]
Tiffany Sues Costco on Alleged Fakes [WSJ]
The parent company of that magazine your parents read declared bankruptcy again. [BBW]
Burger King Twitter gets McHacked [CNN]
Joy Global's CEO probably isn't looking hard enough for accounting issues in the Chinese company the company recently acquired. [WSJ]
There are two new dynamos in Grant Thornton's Houston TAS practice. [GT]
G20 vows to combat corporate tax avoidance [BBC]
