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Accounting Fraud

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Alleged $1.3M Scheme: Kubient CEO Accused Of Accounting Fraud, Misleading Investors Alleged $1.3M Scheme: Kubient CEO Accused Of Accounting Fraud, Misleading Investors
Alleged $1.3M Scheme: Kubient CEO Accused Of Accounting Fraud, Misleading Investors A New York resident who was the chief executive officer of digital advertising technology company Kubient fabricated documented and misled investors and auditors, according to federal authorities. The scheme by Long Island resident Paul Roberts, age 48, of Melville caused Kubient to improperly recognize more than $1.3 million in fraudulent revenue in Kubient’s financial statements at the time of the company's initial public offering, according the United States Attorney for the Southern District of New York Damian Williams. Roberts was charged this with one count of securities fra…

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by Joe Lombardi
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Ex-CFO From Area Sentenced, Ordered To Pay $21M Accounting Fraud Ex-CFO From Area Sentenced, Ordered To Pay $21M Accounting Fraud
Ex-cfo From Area Sentenced, Ordered To Pay $21M Accounting Fraud A former chief financial officer of Bankrate Inc. who lived in Fairfield County was given a “significant” prison sentence for accounting and securities fraud and must pay back more than $20 million. Monroe resident Edward DiMaria was sentenced to 10 years prison followed by three years of supervised release after pleading guilty in June to conspiracy to make false statements about a public company; falsifying a public company’s books, records and accounts; securities fraud and making false statements to the SEC. DiMaria must also pay $21.23 million in restitution. According to prosecutors, …

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by Zak Failla