S.E.C. COMPLETES OFFICEMAX PROBE

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S.E.C. COMPLETES OFFICEMAX PROBE

 user 2007-11-12 at 11:36:00 am Views: 44
  • #21079

    SEC completes OfficeMax probe
    November 2007 — Washington (DC): The Securities and Exchange Commission (SEC) has completed its probe into OfficeMax’s accounting for vendor income and has said that no enforcement action is required.In December 2004 the retailer launched an internal review following claims from a vendor accusing certain OfficeMax employees of requesting inappropriate promotional payments and falsified supporting documentation.Six employees were fired when the review was completed in March 2005. Three months later the SEC began its own investigation.