Brexit & EconomyPoliticsFormer Krispy Kreme execs settle SEC charges

Former Krispy Kreme execs settle SEC charges

Doughnut franchise settles allegations of inflated earnings

Three former executives of Krispy Kreme Doughnuts Inc have settled charges
with the SEC over allegations they inflated earnings of the chain-group.

Ex-chairman, president, and chief executive Scott Livengood, and ex-CFO’s
John Tate Randy Casstevens did not admit to or deny the allegations in their
settlement, according to
cfo.com

The SEC alleged that between February 2003 and May 2004, the company inflated
its quarterly and annual earnings.

Further Reading:

SEC
targets Stanford’s London auditor for info

RIM
execs nailed for backdating

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