Xerox was caught booking copier / printer revenue when the sale was made, not when the actual payments were received, in 1997-2000. I think the stockholders got some money for the boosted revenues. https://www.sec.gov/litigation/complaints/complr17465.htm
On Mon, Apr 11, 2022 at 9:42 PM Charles Mills <charl...@mcn.org> wrote: > > If you report revenue in category X when it was actually in category Y I > believe that would be misleading investors and could result in criminal or > civil exposure, even if the total dollars were correct. I am not saying IBM > did that; just saying that if some company did that ... > > What CA did was move revenue from month Y to month X. The total revenue was > ultimately accurate. > > Charles > > > -----Original Message----- > From: IBM Mainframe Discussion List [mailto:IBM-MAIN@LISTSERV.UA.EDU] On > Behalf Of Mike Schwab > Sent: Monday, April 11, 2022 1:35 PM > To: IBM-MAIN@LISTSERV.UA.EDU > Subject: Re: IBM Deceived Investors > > Did IBM inflate their total number? That could result in criminal > charges and stockholder lawsuits. > > Sounds like they just moved actual revenues from one category to > another category to get bonuses. I expect only clawback from the > employees. > > On Mon, Apr 11, 2022 at 5:08 PM Bill Johnson > <00000047540adefe-dmarc-requ...@listserv.ua.edu> wrote: > > > > I worked for Phar Mor. Where the CEO and his minions actually cooked the > > books. And went to prison. 10 years for the CEO. 3 for the CFO. Gained some > > street smarts. (More on street smarts later) The civil suits came AFTER the > > criminal ones. This case is a joke. The board approved. The auditors > > approved. This won’t even go to trial. > > > > > > Sent from Yahoo Mail for iPhone > > > > > > On Monday, April 11, 2022, 11:28 AM, Steve Beaver <st...@stevebeaver.com> > > wrote: > > > > The problem becomes if in discovery something is unearthed > > > > > > > > > > -----Original Message----- > > From: IBM Mainframe Discussion List [mailto:IBM-MAIN@LISTSERV.UA.EDU] On > > Behalf Of Bill Johnson > > Sent: Sunday, April 10, 2022 11:36 AM > > To: IBM-MAIN@LISTSERV.UA.EDU > > Subject: Re: IBM Deceived Investors > > > > Nobody goes to prison should they lose a civil lawsuit. The auditing firm > > gave their seal of approval. > > > > > > Sent from Yahoo Mail for iPhone > > > > > > On Sunday, April 10, 2022, 12:18 PM, Charles Mills <charl...@mcn.org> wrote: > > > > I knew a guy -- friend of a friend -- who spent a couple of years in a > > minimum security Federal prison -- "Club Fed" as it was the fashion to say > > at the time. (Silicon Valley securities fraud -- he claimed he was innocent > > and took the fall for investors who were of the type you did not want to > > cross -- but who knows?) > > > > Anyway he always strongly implied that it was a lot more unpleasant and a > > lot less country club than people liked to think. He would never talk about > > the experience beyond saying "I would rather have read the book." Being > > locked up is no fun. Your house may be lovely but I'll bet you would not > > want to be involuntarily confined there for the next two years. > > > > Charles > > > > > > -----Original Message----- > > From: IBM Mainframe Discussion List [mailto:IBM-MAIN@LISTSERV.UA.EDU] On > > Behalf Of Stefan Skoglund > > Sent: Sunday, April 10, 2022 8:34 AM > > To: IBM-MAIN@LISTSERV.UA.EDU > > Subject: Re: IBM Deceived Investors > > > > lör 2022-04-09 klockan 13:26 +1000 skrev Wayne Bickerdike: > > > Hmm. Sanjay Kumar did some serious jail time for fiddling the books. > > > Steve > > > Richards was sent to a dangerous max-security prison. > > > > It isnt really my beef, but is Taft correction facility a max-security > > prison ? > > Compared with the one in Terre-haute for example. > > > > ---------------------------------------------------------------------- > > For IBM-MAIN subscribe / signoff / archive access instructions, > > send email to lists...@listserv.ua.edu with the message: INFO IBM-MAIN > > > > ---------------------------------------------------------------------- > > For IBM-MAIN subscribe / signoff / archive access instructions, > > send email to lists...@listserv.ua.edu with the message: INFO IBM-MAIN > > > > > > > > > > ---------------------------------------------------------------------- > > For IBM-MAIN subscribe / signoff / archive access instructions, > > send email to lists...@listserv.ua.edu with the message: INFO IBM-MAIN > > > > ---------------------------------------------------------------------- > > For IBM-MAIN subscribe / signoff / archive access instructions, > > send email to lists...@listserv.ua.edu with the message: INFO IBM-MAIN > > > > > > > > > > ---------------------------------------------------------------------- > > For IBM-MAIN subscribe / signoff / archive access instructions, > > send email to lists...@listserv.ua.edu with the message: INFO IBM-MAIN > > > > -- > Mike A Schwab, Springfield IL USA > Where do Forest Rangers go to get away from it all? > > ---------------------------------------------------------------------- > For IBM-MAIN subscribe / signoff / archive access instructions, > send email to lists...@listserv.ua.edu with the message: INFO IBM-MAIN > > ---------------------------------------------------------------------- > For IBM-MAIN subscribe / signoff / archive access instructions, > send email to lists...@listserv.ua.edu with the message: INFO IBM-MAIN -- Mike A Schwab, Springfield IL USA Where do Forest Rangers go to get away from it all? ---------------------------------------------------------------------- For IBM-MAIN subscribe / signoff / archive access instructions, send email to lists...@listserv.ua.edu with the message: INFO IBM-MAIN
