Corporate Law News

SEC Settles Fraud Claims With Hill International, Former Exec

Jan. 17, 2020, 4:38 PM

The Securities and Exchange Commission has settled with construction management consulting firm Hill International and two of its former executives over allegations of fraudulent accounting practices and failure to maintain accurate books and records.

  • Hill and former Chief Accounting Officer, Ronald Emma, have, without admitting or denying the allegations, consented to entry of judgments that impose permanent injunctions and civil penalties of $500,000 and $75,000, respectively
  • Emma agreed to be permanently suspended from appearing and practicing before the SEC as an accountant
    • SEC claims led Hill artificially boosted net earnings from approximately May 2014 to March 2017
    • Emma and Nicholas...
To read the full article log in. To learn more about a subscription click here.