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24 Oct 2011, 3:54 pm by Securites Lawprof
The SEC announced a proposed settlement with Koss Corporation (“Koss”) and Michael J. [read post]
1 Sep 2010, 1:30 pm by Securites Lawprof
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 by Tracy Coenen
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 by Tracy Coenen
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 by Steve Smith
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 by Tracy Coenen
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 by Securites Lawprof
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 by Tracy Coenen
  It is alleged that Sachdeva spent millions in corporate funds on clothing, jewelry, and other items. [read post]
23 Dec 2009, 5:26 pm by WSJ Staff
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]