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September 29, 2016

Posted  October 10, 2016

Casino-gaming company International Game Technology (IGT)  will pay a $500,000 penalty for firing an employee with several years of positive performance reviews because he reported to senior management and the SEC that the company’s financial statements might be distorted.  The SEC found that the employee was removed from significant work assignments within weeks of raising concerns about the company’s cost accounting model.  He was terminated approximately three months later.  SEC

Tagged in: Accounting Fraud,