The Securities and Exchange Commission Friday charged CSC and eight former executives of the solution provider giant with multiple counts of accounting fraud. The Falls Church, Va.-based solution ...

Computer Sciences Corp. is dishing out $190 million to settle charges that the company and former executives manipulated financial results and concealed problems about the company’s largest ...

Apparently, CSC was also borrowing large sums of money from the NHS at a high interest rate to meet cash-flow targets and failing to disclose the arrangement to investors, the SEC says.

Apparently, CSC was also borrowing large sums of money from the NHS at a high interest rate to meet cash-flow targets and failing to disclose the arrangement to investors, the SEC says.

AP Former CSC CEO Michael Laphen The news … Continued The post The SEC just clawed back $4 million from the former CEO of tech giant CSC and accused it of fraud appeared first on Business Insider.

CSC will pay $190 million to settle a case brought by the Securities and Exchange Commission over four-year-old charges that it violated antifraud, reporting and books-and-records laws.

CSC’s accounting and disclosure fraud began after the company realised it would lose money on the NHS contract because it could not meet deadlines, the SEC said.

Capital Business CSC reaches $190 million settlement with SEC over accounting probe December 30, 2014 More than 10 years ago Summary ...

WASHINGTON (MarketWatch) -- Computer Sciences Corp. CSC, +3.06% and two former executives were charged by the Securities and Exchange Commission with manipulating financial results and concealing ...

The deal is a previously undisclosed part of a $190 million settlement of fraud charges over work performed overseas, which the SEC approved in December. CSC did not admit or deny wrongdoing as ...