SEC Bringing Lowest Number of Corporate Accounting Fraud Cases in a Decade
June 3rd, 2013Post 2008, what’s fraud?
Via: New York Times:
In April 2003, a New York Times article discussed the push by federal prosecutors to crack down on accounting fraud in which one expert said, “These have become the hot, sexy cases.”
What followed were the convictions of chief executives including Jeffrey K. Skilling of Enron, Bernard J. Ebbers of WorldCom and John J. Rigas of Adelphia Communications.
The attraction seems to have worn off. The number of corporate accounting cases at the Securities and Exchange Commission has dropped to its lowest level in a decade, with only 79 such cases filed in the most recent fiscal year.
