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.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements