SEC Charges Seattle-Area Company and Former CFO with Phony Accounting of Infomercial Sales
August 09, 2010
August 09, 2010
WASHINGTON, Aug. 9 -- The Securities & Exchange Commission issued the following news release:
The Securities and Exchange Commission today charged the former chief financial officer of a Seattle-area skin care retailer with fraudulently boosting earnings by reporting sales of anti-aging products promoted through Home Shopping Network infomercials while the products still sat unsold in the company's warehouse. The agency also separately settled charges against the company . . .
The Securities and Exchange Commission today charged the former chief financial officer of a Seattle-area skin care retailer with fraudulently boosting earnings by reporting sales of anti-aging products promoted through Home Shopping Network infomercials while the products still sat unsold in the company's warehouse. The agency also separately settled charges against the company . . .