SEC Expands Probe Into $46M Payments To Delphi

Law360, New York (July 26, 2006, 12:00 AM EDT) -- The top accountant at Electronic Data Systems Corp. is under scrutiny from the U.S. Securities and Exchange Commission—the latest development in a two-year probe into the millions of dollars the company paid to now-bankrupt auto supplier Delphi Corp.

An EDS spokesperson said that Scot H. McDonald, the company’s controller and principal accounting officer, is most likely being eyed for possible aiding and abetting related to $46 million in payments and credits to Delphi in 2000 and 2001.

McDonald was reassigned to the position of vice president...
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