We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Ingram Micro To Pay $15M Over McAfee Fraud Case

Law360 (May 13, 2009, 12:00 AM EDT) -- Computer technology distribution company Ingram Micro Inc. has agreed to pay disgorgement of $15 million to resolve claims that it participated in McAfee Inc.'s alleged accounting fraud.

The U.S. Securities and Exchange Commission said Tuesday it had settled cease-and-desist proceedings against Ingram Micro for allegedly violating the books and records and internal control provisions of the securities laws.

“Ingram Micro's books, records and accounts failed to accurately and fairly reflect its transactions with McAfee, and ... Ingram Micro failed to devise and maintain a system of...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.