( ) -q-25- UNDATED (Correspondent Jeremy House) “are awaiting trial.” A shipbuilder for the U.S. Navy has agreed to admit wrongdoing and pay $24 million to settle an accounting fraud investigation. [CutID: <Cuts> AUSTAL-USA-FRAUD-house-q-WEDam.mp3 Time: 25s Title: AUSTAL-USA-FRAUD-house-q-WEDam Out-cue: are awaiting trial] TAG: Correspondent Jeremy House reporting. —————————– VERBATIM: The U.S. Department of Justice says […]
Audio
US Navy shipbuilder agrees to pay $24 million in fraud settlement
( ) -q-25- UNDATED (Correspondent Jeremy House) “are awaiting trial.”
A shipbuilder for the U.S. Navy has agreed to admit wrongdoing and pay $24 million to settle an accounting fraud investigation.
[CutID: <Cuts> AUSTAL-USA-FRAUD-house-q-WEDam.mp3
Time: 25s
Title: AUSTAL-USA-FRAUD-house-q-WEDam
Out-cue: are awaiting trial]
TAG: Correspondent Jeremy House reporting.
—————————–
VERBATIM: The U.S. Department of Justice says from 2013 through July 2016, Austal USA conspired to mislead shareholders and investors about its financial condition. The company pleaded guilty to one count of securities fraud and one count of obstruction of a federal audit. Three former Austal USA executives were indicted last year on accounting fraud charges. They are awaiting trial.