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Hewlett-Packard (HPQ) discloses in its 10k filing that as a result of the findings of an ongoing...

Hewlett-Packard (HPQ) discloses in its 10k filing that as a result of the findings of an ongoing investigation, it's provided information to the U.K. Serious Fraud Office, the U.S. Department of Justice and the SEC related to the accounting improprieties, disclosure failures and misrepresentations at Autonomy that occurred prior to and in connection with HP's acquisition of the company. (SEC 10-K)
Comments (6)
  • deercreekvols
    , contributor
    Comments (5056) | Send Message
     
    The US needs a Serious Fraud Office.

     

    Maybe this branch would prosecute the law-breakers instead of claiming they don't have the funds to pursue criminals like the SEC claims.
    27 Dec 2012, 07:00 PM Reply Like
  • watermark302
    , contributor
    Comments (139) | Send Message
     
    Interesting that the Brits cull "serious fraud" from any other fraud.
    27 Dec 2012, 07:28 PM Reply Like
  • Seth Walters
    , contributor
    Comments (673) | Send Message
     
    Everyone loves a bit of unserious fraud. It would be like if all of the companies in the S&P 500 announced that they were awarding their employees $10 trillion in bonuses, then declaring Chapter 7 bankruptcy as none of their firms had the current assets to pay current liabilities.

     

    On April 1st.

     

    That would be hilarious. That's an unserious fraud. Because it was April Fools, you see.

     

    It would only be a serious fraud if all of the companies then did buybacks of all their shares at the bankrupt prices. Now that would be serious. >_>
    27 Dec 2012, 09:50 PM Reply Like
  • TwistTie
    , contributor
    Comments (2477) | Send Message
     
    Get serious.
    28 Dec 2012, 07:18 AM Reply Like
  • SoldHigh
    , contributor
    Comments (983) | Send Message
     
    If I recall correctly, ORCL looked at Autonomy and called BS, passing on Autonomy.

     

    HPQ clearly wasn't as smart.
    27 Dec 2012, 10:55 PM Reply Like
  • untrusting investor
    , contributor
    Comments (9920) | Send Message
     
    Yes, and hard to believe that a major company like HPQ would not have done serious due diligence in investigating Autonomy before agreeing to spend multi-billiions.
    28 Dec 2012, 01:33 AM Reply Like
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