Tuesday, April 5, 2022

Senior Executive of Oil-Services Company Sentenced to Three Years for $886 Million Securities Fraud Scheme

A North Dakota man, formerly the executive vice president of U.S. operations at a publicly traded Canadian oil-services company, was sentenced yesterday to three years in prison for perpetrating a scheme to fraudulently inflate the company’s reported revenue that resulted in shareholder losses in excess of $886 million. 

from Justice News https://ift.tt/nsCKzEg
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