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17 Jun 2003
Steven S. Spitzer, 44, entered the plea in San Diego yesterday and agreed to help investigators ? he faces the possibility of a five year prison sentence, according to reports.
Spitzer apologised for his actions through his attorneys and said he had made 'some very poor decisions'.
Between December 1999 and March 2001 Spitzer generated $20m in phantom sales.
In April this year, former CFO, Matthew C. Gless, pled guilty to conspiracy to commit securities fraud and faces a prison term of up to 15 years, while last year a former Peregrine treasurer pled guilty to banking fraud.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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