SEC Starts Civil Charges Against AMS; “It’s possible that other suits will be filed” Following the plea entered by former AMS employee Mary Roke on two criminal charges (covered here yesterday), the SEC filed additional civil charges against her, in a complaint that alleges “that AMS fraudulently overstated its earnings through two schemes. The SEC “alleges that the fraudulent schemes caused AMS to overstate its pre-tax earnings by about 9% in fiscal year 2001, 10% in fiscal year 2002, and 19% in fiscal year 2003.” The commission also says that their “investigation is continuing.” SEC Pacific regional office director Randall […]
