Symmetry Medical execs settle accounting fraud
Former executives at medical device maker Thornton Precision Components (TPC), the UK subsidiary of Symmetry Medical, have reached a settlement with the US regulator over an alleged accounting fraud that was “so pervasive” that it distorted the financial statements of the parent company..
The US Securities and Exchange Commission (SEC) charged four former officials of the British unit for systematically distorting financial statements over a three year period.
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