Nov. 16, 2022 – Corroboration from multiple witnesses that a chief financial officer was aware of misleading entries in his corporation’s financial statements was sufficient to sustain a guilty verdict, the U.S. Court of Appeals for the Seventh Circuit has ruled.In
U.S.. v. Armbruster, No. 21-3370 (Sept. 7, 2022), the Seventh Circuit also reiterated that circumstantial evidence is sufficient to prove the mental state necessary for a fraud conviction.Spate of MergersPeter Armbruster, a certified public accountant, became the controller
Continue Reading Circumstantial Evidence Sufficient to Sustain Securities Fraud Conviction