SEC Charges Three Executives at U.S. Navy Shipbuilder Austal USA with Accounting Fraud

SEC Charges Three Executives at U.S. Navy Shipbuilder Austal USA with Accounting Fraud

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The Securities and Exchange Commission today charged three executives of Mobile, Alabama-based shipbuilder, Austal USA LLC, for orchestrating a fraudulent revenue recognition scheme that allowed its parent company to meet or exceed analyst expectations…

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