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Sarbanes-Oxley News & Developments
Auditor Pleads on Document Cover-upGoal was seemingly to avoid being 'second-guessed' for failing to recognize red flags at a company that he had audited.
> > Thomas Trauger admitted that he knowingly altered, destroyed, and falsified records with the intent to impede and obstruct an investigation by the U.S. Attorneys Office. In the wake of Sarbanes-Oxley, Trauger could have been sentenced to 25 yrs in prison and fined $500,000. Under the terms of his plea agreement, he faces five yrs in prison.
Source: CFO
Published:2004-11-02
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