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May 26, 2007
SEC Prevails in Accounting Fraud Case Involving Insurance
Timothy Harcharik, director of risk management at Brightpoint Inc., was found liable for violating the securities laws because of his involvement in the company's use of insurance to hide the company's losses. AIG previously settled DOJ and SEC charges that it sold insurance products to companies, including Brightpoint, to inflate earnings. See NYTimes, S.E.C. Wins Verdict on Insurance Abuse
May 26, 2007 in News Stories | Permalink
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