Irving Escobar was sentenced to five years in prison for his participation in a scheme to defraud TJX customers by using their credit card information to buy Wal-Mart gift cards in Florida. And so we come to the end of the line, as it were, in the digital theft of credit card data on 45.7 million customers of TJX — the parent company of such retail brands as T.J. Maxx and Marshalls.
Analysis and Commentary, Prosecutions
No, not that Escobar…
Analysis and Commentary, Prosecutions
Low Hanging Fruit
The PCAOB picked apples off the ground instead of reaching into the tree this week with the announcement that they have charged 37 unregistered audit firms and 32 partners with violating the Sarbanes-Oxley Act. The auditors in question had apparently signed off on company financials without first registering with the PCAOB. Details, including a list of the offending firms, can be found here on teh SEC website.
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