Xerox Allegedly Unethical Firms Business

Business

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Top: Society: Issues: Business: Allegedly_Unethical_Firms: Xerox:

• Top/Society/Issues/Fraud/Investment

• - "CNN is reporting that Xerox incorrectly booked close to $6 billion in revenue over the past five years." News and reader discussion. [Plastic]
  
• - Press release. "The Securities and Exchange Commission today filed suit against Xerox Corporation in connection with a wide-ranging, four-year scheme to defraud investors."
  
• - "Dollar plunges as firm admits exaggerating revenues." By Nils Pratley and Jill Treanor. [Guardian]
  
• - "Xerox Corp. improperly booked nearly $2 billion in revenue over the past five years, the company said Friday, as the copier maker was forced to restate earnings to reflect $1.4 billion less in pre-tax profits during the period." [CNN Money]
  
• - "The company, whose name is synonymous with photocopiers, has already been fined $10m this year by the US financial watchdog, the securities and exchange commission, for overstating profits by $3bn between 1997 and 2001." By Mark Tran. [Guardian
  
• - "Xerox admits overstating its profits by $1.4bn from 1997 to 2001, casting a fresh shadow over US corporate and auditing practices." [BBC News]