Accounting fraud

Under Armour Inc. shares plunged after the company disclosed that federal officials have been probing its accounting practices for more than two years, bringing a fresh headache to investors just as the sports brand prepares for a CEO transition.

Nathan Wheeler, a 43-year-old CPA in Portland, Oregon, who also owns a marijuana business, was sentenced to 51 months in federal prison for wire fraud and tax evasion after embezzling nearly $1 million from an Olympic snowboarding medalist.

Companies lack adequate anti-fraud staff and resources and are seen as more likely to fall prey to fraud than in the past, according to a new report.

The SEC settlement offers a rare glimpse into the steps that were taken to make sure more than $140 million paid to Nissan's ex-chairman wasn’t disclosed publicly.

The legislation would create a whistleblower program similar to the one at the SEC, offering protection to accountants and auditors, and others who know of accounting fraud.

A review of the financial records of the National Rifle Association of America shows that the affiliate transferred nearly three times as much last year as in the past.

A former Walt Disney accountant has accused the company of overstating revenue for years and has filed whistleblower tips with the SEC.

The prevalence of fraud in modern corporations is astounding when one considers the architecture that is in place to eliminate it.

General Electric shares plunged after a prominent whistle-blower working with a short-seller accused the company of masking financial problems.

The former executives were charged with manipulating income at the New York-based shopping-center owner.

The embattled National Rifle Association reported some good news this year: Revenue from membership dues jumped 33 percent last year to $170 million. But that picture may not be as rosy as those numbers suggest.

This is the latest case of a Big Four firm being sanctioned for its accounting shortcomings.

Tongaat Hulett Ltd. said South African police are investigating an unnamed former executive for his role in an accounting scandal that’s forced the sugar maker to restate financials and ask for its shares to be suspended.

Steinhoff International Holdings NV is seeking more than 850 million rand ($59 million) from former Chief Executive Officer Markus Jooste for his role in the accounting crisis that triggered the retailer’s near-collapse.

PricewaterhouseCoopers was fined 4.55 million pounds by the U.K.’s accounting watchdog over failings in its handling of technology firm Redcentric.

The Securities and Exchange Commission has added fraud charges to its previous charges against Longfin Corp., a defunct company that used to promote cryptocurrency and went public under dubious circumstances.

Clawbacks on incentive-based compensation for executives could lead to misconduct and misreporting of financial results, according to a new academic study.

Former Hewlett-Packard Co. head Meg Whitman was accused of "trashing" the reputation of Autonomy founder Mike Lynch without understanding whether fraud had been committed at the firm he sold for $11 billion.

One of China’s largest listed drug makers said related parties used the firm’s funds to trade its shares, a day after the securities regulator alleged financial data had been fabricated.

The global retailer at the center of South Africa’s biggest corporate scandal cut the value of its assets because of accounting irregularities.