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Judge approves $100 million Dell settlement

crimeandpunishment (1754306) writes | more than 3 years ago

Government 0

crimeandpunishment (1754306) writes "It's official. Dell will pay the US government $100 million to settle fraud charges. CEO Michael Dell will personally pay a $4 million fine. A federal judge approved the settlement after Michael Dell assured him the company will deliver on the reforms it promised. Dell was accused of pumping up its profits over five years by improperly using payments from Intel, in order to meet Wall Street targets."
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