On top of criminal charges brought by the Manhattan D.A. yesterday, the SEC announced its own case against five defendants from collapsed law firm Dewey & LeBoeuf LLP. The SEC alleged that the defendants resorted to a “grab bag of accounting gimmicks” to artificially inflate the firm’s income and distort financial performance in advance of a bond offering.
via SEC Sues Five From Dewey & LeBoeuf for Allegedly Fraudulent Bond Offering – Compliance Week
