Dell Pays $100 Million to Make Accounting-Fraud Charges Go Away


SEC enforcer and all-around badass Robert Khuzami had this to say about his most recent score:

“Accuracy and completeness are the touchstones of public company disclosure under the federal securities laws. Michael Dell and other senior Dell executives fell short of that standard repeatedly over many years, and today they are held accountable.”

In his statement, Dell, who will pay an additional civil fine of $4 million, sounded duly humbled.

"We are pleased to have resolved this matter. We are committed to maintaining clear and accurate reporting of our periodic results, supporting our customers, and executing our growth strategy."

Ha, no, just kidding.

Dell Reaches Settlement with Securities and Exchange Commission [Marketwatch]
SEC Charges Dell and Senior Executives with Disclosure and Accounting Fraud [SEC]