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Both (1) and (2) are indicators of ineffective board oversight, material weaknesses and fraudulent statements.
A private equity fund owner can be held accountable for fraudulent statements made to a buyer by the portfolio company.
The S.E.C. is examining the company's books for inadequate disclosures or fraudulent statements about its financial strength.
Flynn has pleaded guilty to lying to the FBI – 'making false, fictitious, and fraudulent statements' about his contacts with Russia.
The S.E.C. did convince the jury that the younger Mr. Bent's statements were negligent, and that the parent company had made fraudulent statements.
"Senator Kruger will fully cooperate with the authorities' investigation into the fraudulent statements made by Mr. Levitis and hopes he is brought to justice swiftly and decisively".
Similar(18)
makes any materially false, fictitious or fraudulent statement or representation shall be [guilty of a felony].
"That is a fraudulent statement," said Mr. Adamson, who said he had worked at the company for 25 years.
If the trustee make a false representation, equity would compel him to make good the loss sustained by the purchaser in consequence of the fraudulent statement.
People who do not live in the UK and submit incorrect address details when applying for an Ehic in Britain are making a fraudulent statement, the spokesman said.
Rather, it punishes anyone who knowingly "makes any materially false, fictitious or fraudulent statement or representation" in "any matter" being investigated by the federal government.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com