Christie Hefner, daughter of Hugh Hefner, was in control of Playboy Enterprises for two decades as its CEO. What she wasn't in control of was her husband, William Marovitz, who was secretly trading Playboy stock based on inside information. A new report by Bloomberg reveals the details of his transgressions for the first time.
Office Depot has agreed to pay $1 million to settle Securities and Exchange Commission charges that it improperly disclosed key financial information to only a few analysts and shareholders. The CEO and former CFO also will pay $50,000 each.
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.
After a five-year investigation by the Securities and Exchange Commission, computer maker Dell agreed to pay a $100 million settlement to end civil charges of fraudulent accounting. The agency accuses Dell of pumping up its reported profits with undisclosed payments from Intel.