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Executives of McCann-Erickson charged with accounting fraud

Posted on 30. May, 2008 by admin.

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The SEC charged two executives at McCann-Erickson Worldwide with accounting fraud. The SEC charges allege that the company overstated revenue in the 1997 to 2002 time period by $181 million. The overstated revenue was material and defrauded the parent company investors.
Salvatore Lagreca, Vice Chairman and Director Finance, and Brian Watson, Director of Operations [...]

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