A Few Clouds 80°
Tag:

Accounting Fraud

News
$1.3M Scheme: CEO From Long Island Accused Of Accounting Fraud, Misleading Investors $1.3M Scheme: CEO From Long Island Accused Of Accounting Fraud, Misleading Investors
$1.3M Scheme: CEO From Long Island 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…

SHARE

by Joe Lombardi