Former Pareteum executives charged with accounting and disclosure fraud by SEC

The U.S. Securities and Exchange Commission on Thursday charged former executives for telecommunications firm Pareteum with accounting and disclosure fraud, according to a statement.

The SEC said it charged Pareteum's former chief financial officer, Edward O’Donnell, and its former chief commercial officer, Victor Bozzo, for engaging in fraudulent revenue recognition practices. Pareteum filed for Chapter 11 protection in May 2022.



source https://www.foxnews.com/us/former-pareteum-executives-charged-accounting-disclosure-fraud-sec

Comments

Post a Comment

Popular posts from this blog

US companies work to ramp up domestic rare earth manufacturing

China has dominated the Rare Earth Element supply chain for decades. The U.S. is working to build out its own facilities, using more environmentally friendly manufacturing. "The foreign dependency is real. It's actually not getting better," Noveon Magnetics CEO Scott Dunn said. "A lot of years and a lot of dollars have to really be invested in this space." Noveon Magnetics is helping increase domestic Rare Earth Magnet production with a sustainable shortcut. "We sort of just bypass that entire chain. We take waste magnetic material directly into magnet manufacturing and deliver a finished product, which is really what the market needs," Dunn said. THE REAL DANGER OF DOING BUSINESS IN CHINA Less than 1% of the world’s Rare Earth Elements are recycled, with most ending up in landfills. "Most of this material is discarded and really not recovered," Dunn said. "It's a little bit tough to handle. They exist in lower weight percent...
Read more

Los Angeles pastor John MacArthur publicly rebukes Gavin Newsom for 'diabolical' policies, invoking Jesus

A prominent Christian pastor in Los Angeles issued an open letter Thursday that rebuked Democratic California Gov. Gavin Newsom for his recent multi-state billboard campaign that promoted abortion by quoting Jesus. Pastor John MacArthur, 83, who serves as senior pastor of Grace Community Church in Los Angeles, also accused the governor of exhibiting a worldview whose "diabolical effects" have effectively trashed the state, leading to "epidemics of crime, homelessness, sexual perversions (like homosexuality and transgenderism), and other malignant expressions of human misery that stem directly from corrupt public policy." Newsom was met with outrage earlier this month from Christians who took offense when his gubernatorial campaign erected billboards in states where abortion is outlawed or restricted, urging women in such states to come to California to abort their babies. Some versions of the billboards advertised California's easily obtainable abortions b...
Read more

Hand-grenade shaped doggy bag causes panic at Oregon middle school

A hand grenade-shaped dog poop bag caused a stir at an Oregon middle school, forcing students to evacuate inside as a bomb squad investigated. The McMinnville Police Department said in a Facebook post on Wednesday that officers responded to a local middle school at 10:35 a.m. Monday for a potential hand grenade on school grounds.  Authorities said they found the alleged hand grenade in a grass field near the school's running track, away from any school buildings . Arriving officers secured the area and contacted the Oregon State Police Bomb Squad as students were required to wait safely indoors. ‘BROKEN WINDOWS’ POLICY PROPOSED FOR SCHOOLS AS VIOLENCE SURGES: ‘WE LOST SIGHTS OF THE BASICS’ The department said that they used a drone to get close-up photos of the apparent hand grenade while keeping a safe distance from the suspected explosive . COLORADO HOTEL FEATURES HOLIDAY COCKTAILS FOR A CAUSE BY DONATING PROCEEDS TO LOCAL ANIMAL ORGANIZATION "After reviewing the ph...
Read more