SEC Sues General Cable Execs Over Accounting Fraud

Law360, New York (January 25, 2017, 4:21 PM EST) -- The U.S. Securities and Exchange Commission filed a complaint Tuesday against three former executives of General Cable Corp., alleging they worked to conceal accounting errors, a month after General Cable itself paid $6.5 million to settle SEC charges related to the improper accounting.

The SEC sued Mathias Francisco Sandoval Herrera, the former CEO of General Cable’s “rest of world” segment, and Maria D. Cidre, the former CFO of the segment, alleging they deliberately omitted inventory accounting errors from reports and directed subordinates to destroy documents to...
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Case Title

United States Securities and Exchange Commission v. Sandoval Herrera, et al.


Case Number

1:17-cv-20301

Court

Florida Southern

Nature of Suit

Securities/Commodities

Judge

Joan A. Lenard

Date Filed

January 24, 2017

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