Dell Technologies—Dell paid $100 million to settle SEC accounting fraud charges
· $100.0M
Dell and Michael Dell paid $100 million in 2010 to settle SEC charges that the company manipulated its accounting to meet Wall Street targets, including undisclosed payments from Intel totaling $4.3 billion over several years.
Scoring Impact
| Topic | Direction | Relevance | Contribution |
|---|---|---|---|
| Corporate Governance | -against | primary | -1.00 |
| Corporate Transparency | -against | secondary | -0.50 |
| Overall incident score = | -0.664 | ||
Score = avg(topic contributions) × significance (high ×1.5) × confidence (0.59)
Evidence (1 signal)
Confirms Legal Action Oct 13, 2010 verified
SEC charges Dell and senior executives with accounting fraud, $100M settlement
The SEC charged Dell Inc. and Michael Dell with failing to disclose material information about exclusivity payments from Intel and using a cookie jar reserve to pad earnings. Dell paid $100 million to settle.