Dell Fraud

Judge Approves Dell's $100 Million Civil Fraud Settlement

A federal judge has approved the $100 million settlement that Dell and the Securities and Exchange Commission reached in July. The commission had accused Dell of improperly using payments from Intel to pump up its profits. Aside from the fine, Dell agreed to improve its financial disclosure procedures.

Legal Briefing: Dell Settles with the SEC for $100 Million

According to the SEC lawsuit that Dell just settled for $100 million, Dell cooked its books from 2002 to 2006 by using "exclusivity" payments from Intel totaling $4.3 billion to inflate its revenue numbers and otherwise fraudulently meet Wall Street analysts' expectations.