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GM could face fraud charges
2015-06-10 03:01:04| Automakers - Topix.net
The U.S. Justice Department is weighing charging General Motors Co. with criminal wire fraud stemming from the auto maker's failure to recall millions of vehicles equipped with a defective ignition switch, said people familiar with the matter.
GM May Face Federal Wire-Fraud Charges Over Switches
2015-06-09 22:59:25| Automakers - Topix.net
CEO Mary Barra told reporters ahead of the company's annual shareholder meeting Tuesday that she met with Department of Justice officials last year but declined to comment further. The WSJ said the U.S. Attorney's Office in Manhattan is weighing felony charges after concluding that the Detroit-based automaker likely concealed information and made misleading statements about the switches, which have been linked to 109 deaths.
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Feds Weigh Charges Against GM Following Ignition Switch Recall
2015-06-09 16:34:05| Automakers - Topix.net
Federal prosecutors are weighing criminal wire fraud charges against General Motors over the company's failure to recall vehicles equipped with faulty ignition switches, the Wall Street Journal reported on Tuesday. Citing people familiar with the matter, the newspaper said U.S. prosecutors in New York are considering other possible charges and have not made a final decision.
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CSC Agrees To $190M Settlement With SEC Over Accounting Fraud Charges
2015-06-05 22:42:36| IT Services - Topix.net
The Securities and Exchange Commission Friday charged CSC and eight former executives of the solution provider giant with multiple counts of accounting fraud. The Falls Church, Va.-based solution provider has agreed to a $190 million penalty to settle the case.
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CSC to pay $190 million to settle SEC charges
2015-06-05 18:43:19| IT Services - Topix.net
The Securities and Exchange Commission on Friday sealed a $190 million settlement with Computer Sciences Corp. in connection with accounting fraud charges against the information-technology services provider. The agency had reached a tentative settlement with Computer Sciences worth the same amount in December, but recent media reports suggested that in-fighting at the agency could result in a lower fine.
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