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Halliburton settles SEC charges

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RodneyCK2 Donating Member (813 posts) Send PM | Profile | Ignore Tue Aug-03-04 07:37 PM
Original message
Halliburton settles SEC charges
Has anyone reported on this yet?

Oil services giant to pay $7.5 million, accused of failing to disclose accounting change

This can't be good for Cheney, he he... Go DICK!!!

Article here:
http://www.msnbc.msn.com/id/5592508/
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papau Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-03-04 07:40 PM
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1. Top Execs charged and going to Court - all except the CEO - Mr. Cheney
And the US Media says nothing!

:-)
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papau Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-03-04 07:42 PM
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2. SEC does not feel Cheney had control of Company, the CFO,or the Controller
The U.S. Securities and Exchange Commission did not charge Cheney, but brought charges against the Houston-based oil services company, former Chief Financial Officer Gary Morris and former Controller Robert Muchmore.

The SEC said its action focused on Halliburton's failure to disclose a 1998 change in accounting practices that caused its profit statement for that year and and 1999 to be misleading.
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