Breaking records with SEC fines

In 2002, Xerox set a record, receiving the largest SEC fine up to that point – $10 million. The new record is now held by WorldCom, which received a fine of $750 million. Other companies that have received 6-digit fines include Royal Dutch/Shell Group, Qwest Communications International, AOL-Time Warner, and Computer Associates International. Thanks CFO … Read more Breaking records with SEC fines

Wisconsin Fraud: UW-Whitewater dean “improperly uses” $50,000

Lee Jones, the former dean of graduate studies at the University of Wisconsin – Whitewater “improperly used” over $50,000 on a group he founded called Brothers of the Academy. The spending was discovered during an audit. The audit report says that Mr. Jones broke university policies on credit card expenditures, but that the spending wasn’t … Read more Wisconsin Fraud: UW-Whitewater dean “improperly uses” $50,000