SEC
Whistleblower
Advocates

October 20, 2016

FMC Technologies, Inc., Jeffrey Favret, Steven K. Croft

Financial Fraud

SANCTION AMOUNT: $2,530,000

Defendants: FMC Technologies, Inc.
Jeffrey Favret, Steven K. Croft

Settlement of charges that profits of Respondent company were overstated in one of its business segments to meet internal targets. Individual Respondents are former executives who were allegedly responsible for the overstatement, which was in the amount of $800,000 pre-tax operating profits .

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