SEC
Whistleblower
Advocates

December 29, 2016

General Cable Corporation

Financial Fraud

SANCTION AMOUNT: $6500000

Defendants: General Cable Corporation

Commission found that, from 2008 to the second quarter of 2012, Respondent materially misstated its financial statements due to improper inventory accounting at its Brazil subsidiary that went undetected due to the company’s internal accounting controls failures. This settlement was reached simultaneously with a settlement resolving FCPA charges that also had been brought against Respondent.

Thank you for submitting some email to us.