The SEC filed complaints that CSC was manipulating financial results and concealing issues with a new, high-profile contract. According to the allegations, CSC learned it was unable to meet deadlines and risked losing money on a multi-billion dollar contract with the United Kingdom’s National Health Service. To mediate this loss, CSC finance executives altered accounting models to artificially increase company profits, according to the SEC.
CSC and the five executives who are paying settlements neither admit or deny wrongdoings.
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