The four former employees say Halliburton?s subsidiary Kellogg Brown & Root inflated its financial results by overbilling for services, overstating its accounts receivable due from customers and understating accounts payable owed to vendors.
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Halliburton Accused Of Fraud in Accounting
Four former finance employees at the US oil and gas service company Halliburton...
Four former finance employees at the US oil and gas service company Halliburton contend that a regular accounting fraud by the company management from 1998 to 2001, according to a new filing.
The filing accuses Halliburton of accounting improprieties that go far beyond those outlined by the Securities and Exchange Commission in its civil suit against Halliburton, which the company settled on Tuesday, paying $7.5 million.
The four former employees say Halliburton?s subsidiary Kellogg Brown & Root inflated its financial results by overbilling for services, overstating its accounts receivable due from customers and understating accounts payable owed to vendors.
The four former employees say Halliburton?s subsidiary Kellogg Brown & Root inflated its financial results by overbilling for services, overstating its accounts receivable due from customers and understating accounts payable owed to vendors.
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