19.96%SPY 79.52 
5.39%XLF 9.68 3.09%
Digg
Del.icio.us
Newsvine 
Facebook
Stumbleupon
ANN ARBOR, Mich. - A former executive at an Ann Arbor database company has agreed to pay more than $400,000 to settle allegations of accounting fraud.
Scott Hirth agreed to settle the matter without admitting or denying the allegations. He was a financial officer at ProQuest Co., now known as Voyager Learning Co., based in Dallas.
The Securities and Exchange Commission says Hirth altered the books over a five-year period to impress his bosses. When they disclosed that to investors in 2006, the company's stock dropped more than 50 percent over three months.
A message seeking comment was left at Hirth's home in Carleton. The settlement was filed Tuesday in federal court in Detroit.
In 2001, ProQuest became the successor to Bell & Howell Co.
Citigroup Inc. shares tumbled below $5 a share Thursday to their lowest level in...
As more Americans rely on charity amid worsening economic gloom, operators of fo...
Betty James, who co-founded the company that made the Slinky and beat the odds as a single mother in the late 1950s to become a successful execut...
Baldwin Linguas:
Translations Interpreting Localization:
English French Portuguese Spanish
Apply online today. No medical exam. No agent visit. Get instant coverage if you qualify.
new york web designers specializing in custom web design, joomla web design. Get a free quote today.
Partners   
|
© 2008 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives
EMAIL
PRINT
RSS
SHARE
