SEC Files Second Suit Over United Rentals Fraud

Law360, New York (January 2, 2008, 12:00 AM EST) -- The U.S. Securities and Exchange Commission has filed another lawsuit in its ongoing investigation of United Rentals Inc., this time targeting the former chief financial officer of a construction company who allegedly signed off on transactions that helped United Rentals in its fraudulent accounting scheme.

Regulators filed a suit against Joseph P. Apuzzo, the former CFO of construction equipment company Terex Corporation, on Dec. 27, alleging that the one-time executive aided and abetted United Rentals by signing two sale-leaseback agreements with the company that allowed United...
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