Action against Defendants, the former CEO of an engine-manufacturing company and two former sales executives, for alleged accounting fraud.  According to the SEC, Defendants caused their employer to falsely record revenue from sales that were incomplete or that for other reasons should not have been recorded.  The SEC further alleges that Defendants misled the company’s accountants and external auditor.  Two Defendants have been charged in a parallel criminal proceeding.

SEC Complaint

SEC Litigation Release

SEC Press Release