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Two Executives in Networking Indicted for Fraud

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Two Clarent Corp. executives were indicted for securities fraud in California.
 
The charge is that they used improper accounting practices in order to artifically inflate the share price of the company.
 
Information about side-deals was not disclosed to the company's independent auditors, the indictment says.
 
The company lost most of its market value and was eventually sold.

Former networking execs indicted for securities fraud -

ComputerWorld - 3/28/2006 12:28 PM

Two Clarent Corp. executives were indicted for securities fraud in California.
 
The charge is that they used improper accounting practices in order to artifically inflate the share price of the company.
 
Information about side-deals was not disclosed to the company's independent auditors, the indictment says.
 
The company lost most of its market value and was
 
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