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Ex-CEO of Enterasys Pleads Guilty

Accounting fraud cost the networking company at least $20 million.

> > Enrique Fiallo, former CEO of Enterasys Networks, has pleaded guilty to a federal charge of conspiracy to commit securities, mail, and wire fraud. Fiallo participated in accounting fraud that was designed to inflate the company revenue to meet Wall Street projections but that eventually cost the networking company at least $20 million.
Source: CFO


Published:2004-09-17
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