PYMNTS-MonitorEdge-May-2024

accounting fraud

Wirecard Again Facing Accounting Fraud Allegations
Wirecard Again Facing Accounting Fraud Allegations
October 16, 2019  |  B2B Payments

Germany-based Wirecard is once again facing allegations of accounting fraud by the Financial Times (FT). The FT reported this week that its review of internal...

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GE Accused Of $38B Accounting Fraud
GE Accused Of $38B Accounting Fraud
August 16, 2019  |  B2B Payments

General Electric has been targeted in accusations of massive accounting fraud by the whistleblower that called out Bernard Madoff’s Ponzi scheme, reports in CNBC said...

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Autonomy’s Ex-CFO Gets Five Years For Accounting Fraud
Autonomy’s Ex-CFO Gets Five Years For Accounting Fraud
May 14, 2019  |  Legal

The former CFO of Autonomy has been sentenced to five years in prison for accounting fraud. Sushovan Hussain was convicted on 16 counts of wire...

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UK Watchdog’s Tesco Accounting Fraud Case Collapses
UK Watchdog’s Tesco Accounting Fraud Case Collapses
December 07, 2018  |  B2B Payments

The case against two former Tesco directors initiated by U.K. regulators earlier this year has collapsed after a judge dismissed the case due to lack...

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Patisserie Valerie Finance Director Arrested Amid Accounting Probe
Patisserie Valerie Finance Director Arrested Amid Accounting Probe
October 12, 2018  |  B2B Payments

The chief financial officer of U.K. café chain Patisserie Valerie has been arrested after the company revealed “significant, and potentially fraudulent, accounting irregularities,” according to...

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Tesco Accounting Scandal Costs Grocer $300M
Tesco Accounting Scandal Costs Grocer $300M
March 29, 2017  |  B2B Payments

U.K. grocery giant Tesco will pay nearly $300 million to settle allegations by the nation’s Serious Fraud Office (SFO) and Financial Conduct Authority (FCA) of...

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Blockchain Steals The Show, Accounting Scandals, And Banks Vs. Alt Lenders For SMEs
Blockchain Steals The Show, Accounting Scandals, And Banks Vs. Alt Lenders For SMEs
September 14, 2015  |  B2B Payments

The habits of B2B payments are shifting. OK, that’s a pretty broad statement. But thanks to some hard data, we can pinpoint exactly where, and...

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