SEC
Whistleblower
Attorneys

August 07, 2018

Ribbon Communications Inc., Mark Greenquist, Michael Swade

Financial Fraud

SANCTION AMOUNT: $1970000

Defendants: Ribbon Communications Inc.
Mark Greenquist, Michael Swade

Cloud communications company and two executives were charged with providing misleading quarterly revenue estimates, and they agreed to settle. The Commission's Order cites red flags that were missed or ignored, including that Ribbon Communications (or rather, its predecessor) had pulled forward deals initially projected to close in 2015 in order to achieve revenue guidance for the fourth quarter of 2014.

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