By Aaron Nicodemus2024-09-06T16:57:00
Massachusetts-based technology company Circor International settled charges with the Securities and Exchange Commission regarding deficient internal accounting controls without paying a fine.
The SEC charged the company’s former finance director, Nicholas Bowerman, with fraud for falsifying the financial results of Pipeline Engineering, a U.K.-based subsidiary of Circor.
Bowerman allegedly manipulated Circor’s internal accounting controls to perpetuate the fraud, “manipulating account reconciliations, falsifying certifications, fabricating bank confirmation documents, and misleading Circor’s management and independent auditors,” the SEC said in a press release Thursday.
2024-09-17T18:54:00Z By Aaron Nicodemus
Gatekeepers including chief financial officers and the chair of the audit committee have a responsibility to shareholders to report fraud wherever they find it–especially when that fraud involves an artificial intelligence tool meant to combat fraud.
2024-05-13T17:22:00Z By Kyle Brasseur
Restaurant operator FAT Brands said it would contest charges announced by the Department of Justice regarding violations of the Sarbanes-Oxley Act related to personal loans made to executive officers.
2024-02-07T12:51:00Z By Kyle Brasseur
China-based technology company Cloopen Group Holding won’t pay a fine in settling with the Securities and Exchange Commission over an alleged accounting fraud scheme perpetrated by two of its former senior managers.
2025-09-12T19:40:00Z By Oscar Gonzalez
The DOJ sued Uber Thursday, alleging it violated the Americans with Disabilities Act (ADA) by denying people with disabilities equal access to its services.
2025-09-11T20:53:00Z By Neil Hodge
Europe’s banking regulator warns that weak compliance at fintech, regtech, and crypto firms may let money laundering and terrorist financing risks slip through. The EBA also found EU regulators’ approaches are often inconsistent and unclear.
2025-09-10T22:24:00Z By Adrianne Appel
California, Colorado, and Connecticut launched a joint enforcement sweep against businesses that fail to honor consumers’ online opt-out requests, the states announced Tuesday.
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