Ceo, Accounting Fraud | featured news

AIG's Greenberg pays $15 million to settle SEC charges

American International Group Inc's former Chief Executive Hank Greenberg agreed to pay $15 million to settle regulators' allegations of improper accounting transactions, the Securities and Exchange Commission said on Thursday.

 

Judge orders Scrushy to pay $2.9B to shareholders

A state judge on Thursday ordered former HealthSouth CEO Richard Scrushy to pay nearly $2.9 billion to shareholders who sued over a massive accounting fraud that nearly sent the rehabilitation chain into bankruptcy.

 

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