L&H Made Up Revenues

from the sense-a-pattern? dept

Following on the news from yesterday that Critical Path completely made up about 10% of their revenues, now a report is coming out that Lernout & Hauspie’s Korean unit made up almost all of their sales and even had employees pose as customers to trick auditors. The fake earnings allowed the head of the group to earn $25 million in incentive pay. Not surprisingly, lawsuits are expected to follow shortly.

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