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30 Oct 2006, 2:30 pm
Now Delphi successfully avoids getting fined by basically crying poverty.Former CEO JT Battenberg III and 8 former Delphi executives were accused of fraud or aiding in accounting violations. 3 of the nine, including former Finance Chief Alan Dawes, agreed to pay fines.The SEC justified its agreement with Delphi by saying that "Despite engaging in widespread fraudulent conduct, Delphi took significant remedial steps and cooperated extensively" said the SEC's… [read post]