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Home  >  austin accounting  >  Former accounting chief at Dell sued for fraud

Former accounting chief at Dell sued for fraud

Posted on Tuesday, August 31st, 2010 at 5:20 pm.

A month after Dell settled their fraud case with the U.S. Securities and Exchange Commission, the former chief accounting officer and assistant controller was sued on fraud charges.

The SEC said that the man was involved in the accounting issue that lead to mishap in Dell’s financial results between 2003 and 2006. Last month, Dell agreed to pay $100 million to resolve a suit that claimed that Dell’s top executives made accounting violations.

The payment allows Micheal Dell, the founder of the computer company, to remain chief executive officer. The SEC claims that the miscalculations that the man made led to the misstatements on the annual financial accounts for the company.

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