March 31, 2015
Posted January 28, 2016
The SEC charged Andrew Miller, the former CEO of Silicon Valley-based technology firm Polycom Inc., with using nearly $200,000 in corporate funds for personal perks that were not disclosed to investors. The SEC separately charged Polycom in an administrative order finding the company had inadequate internal controls and failed to report Miller’s perks to investors. Polycom agreed to pay $750,000 to settle the SEC’s charges. SEC
Tagged in: Misrepresentations, Regulatory Violations, Securities Fraud,