Wednesday, September 17, 2014

Living high off the hog

Another white collar case, this one resulting in an $18 million settlement. This involved executives at a China-US hog farm company.

"Xiong, Jin, Li, and Ouyang inflated revenues by, among other things, booking sales of nonexistent hogs and by manipulating hog weights, and later covered it up by, among other things, reporting that the fake hogs had died," the complaint states.

See my September 4 post.

(Source: Wikipedia)
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