Justice Department to Offer More Rewards to Corporate Whistleblowers March 8, 2024 By Karen Freifeld and Chris Prentice The U.S. Justice Department is expanding its whistleblower program to coax more tipsters to disclose corporate misconduct by offering monetary...
Company Auditors Face More Rigorous Role in Spotting Fraud: Global Body February 8, 2024 By Huw Jones Accountants must play a role in spotting fraud when they check the books of companies, a global standard setting body...
Elizabeth Holmes Sentenced to More Than 11 Years in Prison for Theranos Fraud November 21, 2022 By Jody Godoy A federal judge on Friday sentenced Theranos founder Elizabeth Holmes to 11 years and three months in prison for defrauding...
Judge Rejects ‘Gag Order’ for Elon Musk April 21, 2022 By Jonathan Stempel Elon Musk will not be subjected to a “gag order” preventing him from discussing a lawsuit claiming he defrauded Tesla...
UK Accounting Firm Grant Thornton Fined for Audit of Café Chain Patisserie Valerie September 28, 2021 Accountancy firm Grant Thornton has been fined for its audit of Patisserie Valerie, the British cafe chain that collapsed in...
Accounting Fraud Pushes UK’s Patisserie Valerie into Insolvency January 23, 2019 By Ellen Milligan U.K. entrepreneur Luke Johnson’s efforts to save Patisserie Valerie failed as an accounting scandal pushed the bakery chain’s parent into...
Patisserie Holdings’ CFO Arrested as UK Fraud Office Probes Accounting Scandal October 12, 2018 By William Mathis Patisserie Holdings Plc finance chief Chris Marsh was arrested as U.K. fraud prosecutors opened a probe into an accounting scandal...
Number of Securities Class Actions Up But Settlement Values Down January 30, 2018 By Jonathan Stempel The number of class action lawsuits in the United States accusing companies of fraud and other securities law violations soared...