(no subject)

[winterbadger]

thanks to robbysmom for pointing this one out to me:

NEW YORK (Reuters) - Halliburton Co.and several top executives intentionally engaged in "serial accounting fraud" from 1998 to 2001, including when it was led by Vice President Dick Cheney, according to a new filing in a shareholder class-action lawsuit against the company.

The filing accuses Houston-based Halliburton, the world's No. 2 oilfield services company, of systematic accounting misdeeds far more wide-ranging than those charged in a recent civil lawsuit by the U.S. Securities and Exchange Commission. Cheney was not named as a defendant in either proceeding.

Halliburton agreed on Tuesday to pay $7.5 million to settle SEC charges that it misled investors by not disclosing an accounting change that boosted profit in 1998 and 1999.

more at http://www.reuters.com/newsArticle.jhtml?type=domesticNews&storyID=5899628

Comments

[peaceful-fox.livejournal.com]

From that article:
...and being unable to account for $3.1 billion of profit and cash.


I just can't understand how that can *Happen*!!!!!!!!!!!