Tag Archives: Books and Records

SEC Charges Dayl W. Pearson, Michael I. Wirth, and R. Jonathan Corless For Overvaluing Assets During The Financial Crisis

In the Matter of KCAP Financial Inc., Dayl W. Pearson, Michael I. Wirth, CPA and R. Jonathan Corless, Admin. Proc. No. 3-15109.  On November 28, 2012, the SEC announced the filing of a settled Administrative Order finding that KCAP Financial … Continue reading

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SEC Charges Joseph Pacificio with Financial Fraud

SEC v. Joseph Pacifico, Case No. 1:12-cv-03636 (N.D. Ga.).  On October 18, 2012, the SEC announced charges against Joseph Pacifico, a former President of Carter’s, Inc., marketer of children’s clothing, for engaging in financial fraud at Carter’s.  Carter’s Executive Vice … Continue reading

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SEC Files Fraud Charges Against Bank Executives For Misstating Losses

SEC v. Gilbert G. Lundstrom et al., Case No. 8:12-cv-00343 (D. Neb.); SEC v. Don A. Langford, Case No. 8:12-cv-00344 (D. Neb.).  On September 25, 2012, the SEC announced fraud charges against Gilbert Lundstrom, who was CEO and chairman of … Continue reading

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Tyco International, Ltd. To Pay $26 Million to Settle Foreign Corrupt Practices Act Violations

SEC v. Tyco, International Ltd., Case No. 1:12-cv-01583 (D.D.C.).  On September 24, 2012, the SEC announced the filing of a settled FCPA case against Tyco.  In 2006, the SEC filed a settled FCPA action against Tyco in which the company … Continue reading

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SEC Obtains Asset Freeze and Temporary Restraining Order Against Michael Borish and Michael Ciarlone

SEC v. Freedom Environmental Services, Inc., et al., Case No.: 6:12-CV-1415-ORL-28-DAB (M.D. Fl.).  On September 17, 2012, the SEC announced it had obtained a temporary restraining order, asset freeze and appointment of a receiver to preserve assets.  The SEC charged Michael … Continue reading

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SEC Files Settled Case Against Gilbert Fiorentino For Hiding Perks and Other Compensation

SEC v. Gilbert Fiorentino, Case No. 12-cv-23388, (S.D. FL.).  On September 17, 2012, the SEC announced filing a settled civil fraud action against Gilbert Fiorentino, a former director of Systemax, Inc.  Between 2006 and 2010, Fiorentino received more than $400,000 … Continue reading

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SEC Charges Yan-qing Liu With Fraud For Bolstering Financial Results With Fake Sales

SEC v. China Sky One Medical, Inc. and Yan-qing Liu, Case No. CV12-7543 MWF (MANx) (C.D. Cal.).  On September 4, 2012, the SEC charged China-based China Sky One Medical, Inc. (“CSKI”) and its CEO and chairman Yan-qing Liu with fraud.  CSKI claimed in public … Continue reading

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SEC Settles FCPA Action Against Oracle For $2 Million

Securities and Exchange Commission v. Oracle Corp., 12-CV-4310 CRB (N.D. Cal.).  On August 16, 2012, the SEC announced settled FCPA charges against Oracle Corporation.  Between 2005 and 2007, employees of Oracle’s Indian subsidiary Oracle India Private Limited (“Oracle India”) secretly … Continue reading

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SEC Files Settled FCPA Actions Against Pfizer Inc. and Wyeth LLC

SEC v. Pfizer Inc., Case No. 1:12-cv-01303 (D.D.C.); SEC v. Wyeth LLC, Case No. 1:12-cv-01304 (D.D.C.).  On August 8, 2012, the SEC announced the filing of settled actions against Pfizer and Wyeth for violations of the Foreign Corrupt Practices Act … Continue reading

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SEC Charges Chicago-Based Huron Consulting Group and Two Former Executives With Accounting Violations

In the Matter of Huron Consulting Group, Inc., Gary L. Burge, CPA, and Wayne E. Lipski, CPA, Admin. Proc. No. 3-14958.  On July 19, 2012, the SEC issued an administrative order finding that Huron Consulting Group Inc., a provider of … Continue reading

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