SEC Reaches Settlement With Participant In Lucent Scandal
The final judgment permanently enjoins Ackerman from violating or aiding and abetting the violation of any of the SEC’s antifraud provisions. The SEC also ordered Ackerman to pay a $50,000 civil penalty.
Ackerman and Lucent officer William Plunkett made a deal in which a $125 million software sale was recorded as revenue for a different quarter that...
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