Former Gateway Officials Liable in SEC Fraud Case

Two former Gateway officials were accused of manipulating earnings four years ago. The officials were found guilty for breaching fraud and record-keeping laws and making false statements, the Securities and Exchange Commission said.
"The desire to meet Wall Street analysts‘ expectations is no excuse for accounting tricks and other deceptive practices," said Randall R. Lee, director of the SEC’s Pacific Regional Office in Los Angeles.

Read More On:SDA India