Difference between revisions of "Accounting fraud"

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=='''Channel-Stuffing'''==
=='''Channel-Stuffing'''==


*'''<u>SEC v. Symbol Technologies Inc.</u>'''
*'''[https://www.sec.gov/litigation/litreleases/2015/lr23247.htm SEC v. Symbol Technologies Inc.]'''


On April 27, 2015, the SEC obtained a '''$131 million''' judgment against Symbol Technologies Inc. for fraudulent revenue-recognition practices, including quarter-end “stuffing” of Symbol’s distribution channel to help meet revenue and earnings targets imposed by its CEO.
On April 27, 2015, the SEC obtained a '''$131 million''' judgment against Symbol Technologies Inc. for fraudulent revenue-recognition practices, including quarter-end “stuffing” of Symbol’s distribution channel to help meet revenue and earnings targets imposed by its CEO.