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Shortfalls were plugged through altered or entirely fictitious accounting entries, backed by falsified documents.
They allege that the firm's former boss, Richard Scrushy, personally instructed staff to plug gaps in profits with altered, or fictitious, accounting entries.
After creating a fictitious accounting firm from scratch, Samuel Israel's Bayou Group hedge fund collapsed just four years ago and cost investors $400 million.
While working there I learned about "transfer pricing," the fictitious accounting used inside a vertical company in order to assign profits to divisions.
Similar(53)
Auditors had used the fictitious account to certify the company's books.
In 2009, the police provided a fictitious account of the last moments of Ian Tomlinson's life.
A miracle play presents a real or fictitious account of the life, miracles, or martyrdom of a saint.
Records provided by the speaker's office show that at least five fictitious accounts were used in the 2002 fiscal year.
These channels, presented by face-lifted relics of the shah's era, have intensified their efforts to incite revolution, broadcasting fictitious accounts of mayhem and death.
The indictment highlights instances of Mr. Konigsberg working with Mr. Madoff's firm to illegally backdate trades and create fictitious account activity to minimize his clients' tax burden.
Mr. Nicholson, 43, told the judge that he created fictitious account statements for more than 250 clients, many of them suburban residents of New York and New Jersey.
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