Officer & Director Bars Imposed
Tracking judicial and administrative sanctions across corporate fraud defendants: incarceration terms, permanent bars from serving as officers or directors of public companies, independent practice suspensions, and court-appointed compliance monitors.
OUTCOME PROFILE
- Sanction Category: Officer & Director Bars Imposed
- Cases with this Outcome: 4 primary cases in the library.
- All entries cite final court judgments or administrative Commission orders.
Prison Sentences Federal and criminal prison terms. O&D Bars Statutory disqualifications from public boards. Auditor Bars Rule 102(e) practice suspensions. Monitorships Independent compliance monitors. DPAs & NPAs Corporate settlement agreements.
CASES INVOLVING OFFICER & DIRECTOR BARS IMPOSED (4)
PRIMARY ENFORCEMENT RECORDS| Case Title | Jurisdiction | Status | Primary Scheme | Action Date |
|---|---|---|---|---|
| WorldCom: $11B Operating Expense Capitalization Fraud | US | ADJUDICATED | capitalising operating expenses | June 26, 2002 |
| Enron Corp.: Off-Balance-Sheet SPEs and Mark-to-Model Fabrication | US | ADJUDICATED | off balance sheet entities | October 31, 2001 |
| Wirecard AG: 1.9 Billion Euro Fictitious Cash Fraud | DE | ADJUDICATED | fictitious cash and assets | June 22, 2020 |
| Satyam Computer Services: $1B Fabricated Cash and Ghost Employees | IN | ADJUDICATED | fictitious revenue | January 9, 2009 |