{"id":23,"date":"2005-12-13T20:26:00","date_gmt":"2005-12-14T02:26:00","guid":{"rendered":"http:\/\/www.sequence-inc.com\/wordpress\/?p=23"},"modified":"2006-03-04T01:10:05","modified_gmt":"2006-03-04T07:10:05","slug":"sec-and-corporate-fines","status":"publish","type":"post","link":"https:\/\/www.sequenceinc.com\/fraudfiles\/sec-and-corporate-fines\/","title":{"rendered":"SEC and corporate fines"},"content":{"rendered":"<p>The Securities &#038; Exchange Commission is set to issue guidelines on fines for corporate wrongdoer. SEC Chairman Christopher Cox is pushing for standards in levying fines, and would like those guidelines available to the public. The standards won&#8217;t speak to the size of fines, but will dictate when a fine is appropriate.<\/p>\n<p>Some more recent penalties include:<br \/>\nWorldCom (MCI) &#8211; $750 million for fraudulent financial statements<br \/>\nTime Warner &#8211; $300 million for inflating advertising revenue at AOL<br \/>\nQwest Communications &#8211; $250 million for accounting fraud<\/p>\n<p>Full story <a href=\"http:\/\/www.businessweek.com\/investor\/content\/nov2005\/pi20051130_9161_pi001.htm\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Securities &#038; Exchange Commission is set to issue guidelines on fines for corporate wrongdoer. SEC Chairman Christopher Cox is pushing for standards in levying fines, and would like those guidelines available to the public. The standards won&#8217;t speak to [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5],"tags":[],"class_list":["post-23","post","type-post","status-publish","format-standard","hentry","category-fraud-news-stories"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p6Z0e-n","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/posts\/23","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/comments?post=23"}],"version-history":[{"count":0,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/posts\/23\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/media?parent=23"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/categories?post=23"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/tags?post=23"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}