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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]
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]
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]
16 Feb 2010, 9:09 am
Another scheme, reported by Tracy Coenen, who investigates corporate fraud and consumer scams, is the 2009 theft from the stereophonic headphone maker Koss Corp. [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]
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]
29 Dec 2009, 2:00 am
It is alleged that Sachdeva spent millions in corporate funds on clothing, jewelry, and other items. [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]