Finding a Good CFO Is So Hard Companies Are Just Making Them Up Now
h/t Sam Antar for shooting this story our way. If you have a story you think we should cover go ahead and use the contact info at the bottom of this post to get in touch. Finding a good CFO is tough. So tough, in fact, that one company recently got in a bit of […]
Two Internal Auditors Thought They Could Get Away with Insider Trading, LOL
Two internal auditor buddies got a starring role in an SEC litigation release after they were charged with insider trading for monkeying around with secret information about their respective employers. Lloyd Schuman, a former senior internal auditor at Verso Corp., and Dane Janes, an internal auditor with Ashford Hospitality Trust Inc., agreed to pay a […]
How Do We Fraudulently Boost Revenues for Thee? Let Me Count the Ways
If you’re going to get busted for using fraudulent accounting practices to artificially inflate your company’s revenues, you might as well make it worth your while—or at least worth the fine you’re going to have to pay to the Securities and Exchange Commission. The SEC levied fraudulent accounting charges against Tangoe, formerly a public telecommunications […]
The SEC Wants You to Know What Ponzi Scheme YouTube Videos Look Like
It's kind of like an infomercial but with fewer incompetent idiots trying to accomplish basic tasks like using Tupperware and cracking eggs. Before we get to the video, let's get to the press release from the SEC: The Securities and Exchange Commission today announced fraud charges and an asset freeze against the operators of a […]
Dewey Even Want to Know How Much Trouble the Ex-Heads of This Failed Law Firm Are In?
This is bad. Very very bad. Let's hop in the time machine and go back to 2012, when Colin caught us up on just how bad the situation was over at Dewey (spoiler alert: tax partners were jumping ship and heading to KPMG): You might not be aware of this, but mega law firm Dewey […]
Actually, Providing For Your Child Isn’t That Cool When You Insider Trade to Do It
For the last time, people, insider trading is not cool. Not ever. It is especially not cool when you use an account belonging to someone who is related to you, either by blood or by the miracle of childbirth. Ask our friend Steven M. Dombrowski in Chicago how that worked out for him, although at […]
Per the SEC, Insider Trading Is Not the Right Way to Start a Hedge Fund
Meanwhile, in the land of SEC complaints: The Securities and Exchange Commission today charged a senior portfolio manager at Microsoft Corporation and his friend and business partner with insider trading ahead of company announcements. The SEC alleges that Brian D. Jorgenson, who lives in Lynwood, Wash., obtained confidential information about upcoming company news through his […]