Data-measurement firm Comscore has settled fraud charges with the Securities and Exchange Commission and will pay a $5-million penalty.
Its former CEO, Serge Matta, will also pay $700,000 and give Comscore back $2.1 million from his pay and sales of company stock. He is also barred from serving as an officer or director of a public company for a decade. Comscore and Matta did not admit or deny the SEC’s charges.
The SEC said Comscore, which tracks digital and TV audiences and movie theater ticket sales, overvalued deals where it provided data sets to other companies, allowing it to inflate its revenue. The agency said Matta then misled Comscore’s accountants.The agency said Comscore also made misleading public statements about how many customers it had in an attempt to show steady growth, when its customers were actually declining in number.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Russia facing potential Olympic ban after WADA cites 'inconsistent' dataRussia is once again in danger of being banned from next year's Olympics af...
Consulte Mais informação »
Wall Street ends flat as mixed economic data fuels cautionU.S. stocks barely budged on Monday, with gains in shares of Apple offset by mix...
Consulte Mais informação »
Russian hacker pleads guilty for role in stealing personal data of 80 million peopleA Russian man who federal authorities say played a role in the largest theft of customer data from a US financial institution in history pleads guilty to a variety of charges. He will be sentenced in February.
Consulte Mais informação »
Data from medical offices, motels and animal shelters can help reduce suicidesGet breaking national and world news, broadcast video coverage, and exclusive interviews. Find the top news online at ABC news.
Consulte Mais informação »
Issa Rae Acquires Stake in Streamlytics, a Streaming-Media Data StartupActress and creator Issa Rae is getting into the streaming data and analytics business. Rae has taken a minority stake in Streamlytics, an L.A.-based startup led by tech entrepreneur Angela Benton,…
Consulte Mais informação »