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February 5, 2023

plugged numbers

Weatherford International Gets in Trouble for Letting Execs Choose Their Own Numbers

Going Concern history buffs will recall a period in 2011-2012 when oil services company Weatherford International had some chronic problems with its tax accounting. Manipulations by two of its former accounting executives — James Hudgins and Daryl Kitay — resulted in a $500 million restatement in 2011. This was followed by two more restatements in […]