Ex-Collins & Aikman CEO Settles SEC Case For $7M
By Nick Malinowski ( April 19, 2010, 6:55 PM EDT) -- Former White House Budget Director David Stockman has agreed to pay $7.2 million in disgorgement and civil penalties to the U.S. Securities and Exchange Commission for his alleged role in fraudulent schemes to inflate the reported income of now-bankrupt automotive parts manufacturer Collins & Aikman Corp. when he was the company's CEO....
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