“Ex-Salix Official to Pay Fine,” The Wall Street Journal, September 29, 2018 B10. A company’s CFO understated the company’s inventories held by wholesalers; fined $1 million.
“Under-reporting,” also known in lay circles as lying, is generally not a good thing, especially for a CFO. See also, “Lender’s Unit Resolves SEC Case,”The Wall Street Journal, September 29, 2018 B10.
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