June 05, 2015
Claus Zilmer, Computer Sciences Corporation, Michael Laphen, Michael Mancuso, Wayne Banks, Paul Wakefield
SANCTION AMOUNT: $190,263,390
Defendants: Computer Sciences Corporation
Claus Zilmer, Michael Laphen, Michael Mancuso, Wayne Banks, Paul Wakefield
Settlement of charges against corporate Respondent and executives for alleged manipulation of financial results by fabricating new items in the accounting models, to avoid significant reductions to earnings in 2010 and 2011 resulting from losses under a key contract due to failure to meet deadlines. $190 million of this sanction is attributable to the corporate Respondent.
- Key Docs
- Official SEC press release