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As far as fraud goes this seems a variety that would have extremely little impact (if any) In terms of lost investor money. They shifted revenue toward the end
by ineedasername 4y ago
As far as fraud goes this seems a variety that would have extremely little impact (if any) In terms of lost investor money. They shifted revenue toward the end off the quarter and booked it in the following quarter by delaying delivery.
I’m not saying it was okay, it did present investors with in accurate information, but over a slightly longer period of time it wouldn’t really impact total revenue reported. Basically I’m having a hard time feeling much outrage for this, and the $8 million fine seems an appropriate penalty for a relatively low impact bit of fraud.