China’s Luckin Coffee has agreed to pay a $180 million penalty to settle accounting fraud charges, the Securities and Exchange Commission says.
The former chief of WorldCom, convicted in one of the largest corporate accounting scandals in U.S. history, died just over a month after his early release from prison. Bernard Ebbers was...
INDIANAPOLIS (AP) — Two former senior management officials at an Indianapolis-based transportation and trucking company have been charged in a securities and accounting fraud scheme, according to...
JACKSON, Miss. (AP) — A former telecommunications executive convicted in one of the largest corporate accounting scandals in U.S. history is asking a judge to shorten his prison sentence so he can...
OYSTER BAY, N.Y. (AP) — Charles Wang, a technology company founder and former owner of the New York Islanders hockey team, died Sunday. He was 74.
Wang died of lung cancer in Oyster Bay, New York, his attorney, John McEntee, said in an emailed statement.
Wang "was an entrepreneur, visionary, author, and philanthropist but will be remembered most affectionately by those who knew him for his love of life, family, and friends," McEntee said.
SEOUL, South Korea (AP) — South Korea's top financial regulator said Thursday it had found intentional breaches of accounting rules at Samsung Biologics, the contract drugmaking unit once seen as Samsung's future growth engine.
The Financial Services Commission said it will bring the case to prosecutors and ask Samsung Biologics to dismiss executives in charge of accounting breaches. It will also penalize an accounting firm that audited Samsung.
LONDON (AP) — The trial in Britain of three former Tesco supermarket executives accused of accounting fraud has collapsed after one of the defendants was hospitalized.
Judge Deborah Taylor discharged the jury Monday after Carl Rogberg, 50, suffered a heart attack. Reporting restrictions were lifted Tuesday.
Prosecutors accuse Rogberg, Chris Bush, 51, and John Scouler, 49, of failing to correct inaccurately recorded income figures.
MINEOLA, N.Y. (AP) — The former chairman and CEO of a New York software company who orchestrated a $2.2 billion accounting fraud is out of prison.
Newsday (http://nwsdy.li/2mRyAgI ) reported Friday that Sanjay Kumar was released in late January. He served nearly 10 years.
BIRMINGHAM, Ala. (AP) — HealthSouth Corp.'s CEO Jay Grinney will retire at year's end.
The company, in a statement Thursday, said Grinney, 65, became the company's chief executive in 2004 during a critical time — the scandal of Richard Scrushy, who was fired in 2003 after regulators charged him with accounting fraud.
DUBLIN (AP) — Three former senior bankers have been imprisoned for their roles in hiding billions in losses at the defunct Anglo Irish Bank, the biggest accounting fraud in Irish corporate history.
Judge Martin Nolan told the trio — former Anglo executives Willie McAteer and John Bowe and former Irish Life and Permanent chief executive Denis Casey — they were guilty of committing "sham transactions" designed to hide 7.2 billion euros ($8 billion) in deposit losses...