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Re: ChangeDirector post# 211968

Friday, 01/25/2013 10:43:54 AM

Friday, January 25, 2013 10:43:54 AM

Post# of 312015
Not to mention a fabrication. So called "accounting errors" are suject to Tier 1 fines of $5000.

$150,000 fines are for fraud, or Tier 3 penalties. All nicely summarized here.

"The company agreed to a $150,000 civil penalty, a proverbial slap on the wrist considering the legal expenses that would likely come from a trial, especially considering a fine of this small size is typical of the type of for filing errors as opposed to fraud (which start at $250k per incident)."