Friday, August 17, 2007

Dell admits to fraud

<A HREF="http://www.newsfactor.com/story.xhtml?story_id=54718">Accountants and senior management at Dell cooked the books</A> for more than three years, moving funds between accounts so the company could show it was meeting its quarterly targets, the company admitted in a filing this week with the Securities and Exchange Commission.

That's the conclusion of a year-long independent investigation into financial shenanigans at the company from 2003 through the first quarter of 2007.

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