Culled–CNN By Chris Isidore, CNN Business Sears, the once-dominant retail chain that changed how Americans shopped and lived, has filed for bankruptcy. The 132-year-old company has been struggling for several years and is drowning in debt. The final straw was a $134 million debt payment due Monday that it could […]
Frauds & Scandals
SEC Suspends Former BDO Accountants for Improperly “Predating” Audit Work Papers
October 12, 2018/US SEC The Securities and Exchange Commission today suspended three former BDO USA LLP accountants for their improper professional conduct during an audit of an exchange-listed insurance company. According to the SEC’s order, BDO fell behind schedule while conducting its 2013 integrated audit of AmTrust Financial Services Inc. […]
Facebook Says Hackers Saw Personal Info of 14 Million People
The exposed data included relationship status, birth date, hometown, education and the 15 most recent searches, Facebook said. October 12, 2018/NBC News Facebook said on Friday that hackers were able to access the personal information of 14 million people through a security flaw that the company first disclosed last month, […]
