The data analytics firm's former CEO, Serge Matta, has also been charged with making false and misleading statements about its performance metrics.
The Securities and Exchange Commission has charged media analytics firm Comscore and its one-time CEO with accounting and disclosure fraud.
Matta will also reimburse Comscore the $2.1 million he made through the sale of the company's stock or incentive-based compensation. He will also be prohibited from serving as an executive officer or director of a public company for 10 years. Comscore, which was founded in the late 1990s and counts WPP as an investor, has been in a period of turmoil, losing money and seeing a revolving door of executives. CEO Bryan Wiener resigned from his post in March after a little more than a year, saying at the time that he had "irreconcilable differences" with the board over the company's strategy.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PayPal was just fined $311,000 by a UK regulator over its $2.2 billion iZettle acquisitionPayPal had been told to keep its business separate from iZettle while UK regulators probed the acquisition.
Read more »
Media-Measurement Company Comscore Pays $5 Million Fraud SettlementComscore, a company that vies with Nielsen to measure media audiences for entertainment companies and advertisers, has paid a $5 million settlement related to charges it overstated revenue and made…
Read more »
German prosecutors fine Daimler almost $1 billion for breaking diesel rulesDaimler will pay a fine of 870 million euros ($957 million) for breaking diesel ...
Read more »
5 Tips On How To Best Manage Your Finances If You’re Self-EmployedVanessa Duran, a Principal at DCC Accounting, shares 5 tips to manage your finances.
Read more »
Must Read: Jennifer Lopez's Versace Appearance Was a Marketing Hit, Dior Is Flourishing Despite Poor ReviewsMust Read: Jennifer Lopez's Versace Appearance Was a Marketing Hit, Dior Is Flourishing Despite Poor Reviews:
Read more »