Tag Archives: False Revenue

SEC Sonos False Revenue Fine

On Aug. 7, SEC fined Sonus Networks for false revenue projections. Sonus Networks and executives agreed to pay over $1.9mn to settle charges. Alleged Violations Former Sonus CFO, Mark Greenquist, was found to be aware of red flags which undermined the company’s first quarter 2015 announced estimates of revenue. Warnings included Sonus pulling forward deals…
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