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SEC Charges Former Fischer Execs

The commission alleges that the former CEO and two former CFOs improperly boosted revenue by $45 million over a three-year period.

> > The complaint by the SEC alleged that former chief executive officer Louis Rivelli, former chief financial officer Rodney Johnson, and former chief financial officer Stephen Burke improperly boosted revenue by $45 million, or 38%, over 11 quarters in 2001, 2002, and 2003, according to the Rocky Mountain News. A July 2003 restatement wiped out two years of earnings,according to the newspaper.
Source: CFO


Published:2005-06-09
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