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24 Oct 2011, 3:54 pm
The SEC announced a proposed settlement with Koss Corporation (“Koss”) and Michael J. [read post]
29 Dec 2009, 2:00 am
It is alleged that Sachdeva spent millions in corporate funds on clothing, jewelry, and other items. [read post]
10 May 2021, 7:09 am
The targeted stocks included GameStop (NYSE: GME), AMC (NYSE: AMC), Blackberry (NYSE: BB), Nokia (NYSE: NOK), Koss Corporation (NYSE: KOSS), and Express, Inc. [read post]
25 Jan 2012, 11:03 am
On Tuesday, January 24, 2012, the SEC filed a Memorandum which defended the proposed settlement with Koss Corporation ("Koss") and its CEO. [read post]
1 Sep 2010, 1:30 pm
The SEC today charged two former senior accounting professionals at Koss Corporation, a Milwaukee-based headphone manufacturer, with accounting fraud, books-and-records violations, and related misconduct arising from the embezzlement of more than $30 million from the company. [read post]
7 Jan 2010, 1:52 pm
CFO.com reports on the alleged $31 million embezzlement by the former vice president--finance of Koss Corp., a small public corporation that has been exempt from the Sarbanes-Oxley 404(b) requirement that its auditor evaluate its internal controls. [read post]
17 Jan 2010, 8:00 am
The problem with blaming the auditors in this case is that if we do so, then we should blame the auditors in nearly every other corporate fraud. [read post]
2 Feb 2012, 1:42 pm
In a letter dated February 1, 2012 to the parties, Judge Rudolph Randa stated that the SEC's Brief responding to certain questions the Court had raised regarding the language of the proposed settlement with Koss Corporation ("Koss") and Michael Koss "largely satisfies the Court’s concerns. [read post]
26 Jun 2010, 8:44 am
The latest news in the Koss Corporation fraud committed by ex-VP of Finance Sue Sachdeva is a lawsuit filed by the company against Sachdeva and auditors Grant Thornton. [read post]
17 Feb 2010, 6:35 am
Koss Corporation (NASDAQ:KOSS) filed a 10-Q with the Securities and Exchange Commission yesterday that pointed out the obvious… Now that their VP of Finance isn’t stealing at least $31 million from them, they think they’ll be more profitable. [read post]
23 Nov 2011, 2:00 am
Surely, neither Koss Corporation nor Mr. [read post]
23 Dec 2009, 5:26 pm
Sachdeva, Koss’s finance executive, principal accounting officer and corporate secretary since 1992, was put on unpaid administrative leave pending the company’s investigation of the alleged unauthorized transactions, the company said this week. [read post]
9 Dec 2011, 4:58 am
Sujata Sachdeva stole $31 million or so from Koss Corporation, the Wisconsin headphone company whose revenues were in the $40-$50... [read post]
6 Dec 2011, 1:25 pm
It offers us a different view from that of Tracy Coenen regarding the SEC’s action against Michael Koss and Koss Corp. for the embezzlement perpetrated by Sujata Sachdeva. [read post]
24 Dec 2011, 3:48 pm
District Judge Rudolph Randa rejected the settlement with Koss Corp., a headphone manufacturer accused of accounting fraud, saying that the settlement was too vague and that more facts were needed. [read post]
3 Jan 2012, 8:58 am
Koss Corporation, No. 2:11-cv-00991, ED Wis). [read post]
7 Feb 2012, 7:26 am
Koss Corporation, No. 2L11-cv-00991, ED Wis). [read post]
16 Aug 2009, 4:13 pm
” Woo is an independent risk management consultant and doctoral scholar at Stanford University with prior experience as a research manager at Moody’s KMV London and a background in corporate finance at White & Case LLP. [read post]
1 Sep 2021, 2:22 pm
The targeted stocks included GameStop (NYSE: GME), AMC (NYSE: AMC), Blackberry (NYSE: BB), Nokia (NYSE: NOK), Koss Corporation (NYSE: KOSS), and Express, Inc. [read post]
30 Dec 2011, 11:12 am
District Court for the Eastern District of Wisconsin cited Judge Rakoff’s Citigroup decision and requested that the commission provide a factual predicate showing the fairness and appropriateness of its proposed settlement of fraud charges against Koss Corporation, a Milwaukee-based maker and seller of stereo headphones. [read post]
