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Violation Tracker Individual Record

Company: Xerox Corporation
Current Parent Company: Xerox
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $10,000,000
Year: 2002
Date: April 11, 2002
Offense Group: financial offenses
Primary Offense: accounting fraud or deficiencies
Violation Description: Xerox Corporation agreed to pay $10 million to settle accounting fraud allegations, including accusations that from at least 1997 through 2000 the company used a variety of what it called accounting actions and accounting opportunities to meet or exceed Wall Street expectations and disguise its true operating performance from investors.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Connecticut
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: miscellaneous services
Specific Industry of Current Parent: document processing
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.