Koss

Koss Corp. has sued its auditor, Grant Thornton, for failing to find the alleged $31 million fraud perpetrated by Koss' VP of Finance. It's easy to point fingers, but in this case, it seems clear the blame lies with Koss management.

The news keeps getting worse at embattled stereo-headphone maker Koss Corp. The Milwaukee company now fears that the amount that disappeared from its coffers is closer to $31 million, according to a filing by CEO Michael Koss with the U.S. Securities Exchange Commission. The company last month...