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Violation Tracker Individual Record

Company: Evoqua Water Technologies Corp.
Current Parent Company: Xylem
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $8,500,000
Year: 2024
Date: May 14, 2024
Offense Group: financial offenses
Primary Offense: accounting fraud or deficiencies
Violation Description: Evoqua Water Technologies Corp., a Pennsylvania company with a division in Rhode Island, entered a non-prosecution agreement (NPA) with the U.S. Attorney's Office relating to securities fraud arising from improper revenue recognition and false statements to its external auditors between late 2016 and 2018. Under the NPA, EVOQUA will pay an $8.5 million criminal penalty.
Level of Government: federal
Action Type: agency action
Agency: U.S. Attorney-District of Rhode Island
Civil or Criminal Case: criminal
Prosecution Agreement: non-prosecution agreement
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: miscellaneous services
Specific Industry of Current Parent: water technologies
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.