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Two Former Kmart Execs Indicted for Fraud

> > On 2/26/03 the SEC has filed complaints against two former executives of Kmart alleging a $42 million accounting fraud. Both men face criminal and civil charges.

According to reports, the fraud reportedly caused Kmart to understate losses by $0.06 per share. The SEC investigation is ongoing.


Source: Washingtonpost.com


Published:2003-02-26
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