9 Tech Companies Who Paid Biggest Fines In History
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9 Tech Companies Who Paid Biggest Fines In History

By SiliconIndia   |   Wednesday, 27 March 2013, 12:31 Hrs
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Bangalore: News of tech biggies fighting against each other, CEO’s jabbing at one another at public appearances, has become a source of relaxation and entertainment in our lives. These companies are led by some of the iconic legends of today that we both admire and follow but being human as they are, even they make mistakes and get caught – a result of which are fines of billions of dollars.



#9 Dell



Fined - $100 Million



Hardware giant, Dell was slapped with $100 million penalty to settle charges of accounting fraud and lying to investors. Under the SEC settlement, Chairman and CEO Michael Dell, one of the world's richest men with a net worth of some $13 billion, also agreed to pay a $4 million penalty. Other senior Dell executives were also hit with fines.



The SEC charged Dell with failing to disclose material information to investors and using fraudulent accounting methods to make it look like the company was consistently meeting Wall Street's earnings targets and reducing its operating expenses.



Read More: 11 Most Loved Tech CEOs In The World / 10 Countries With World's Fastest Internet



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