Super Micro accused of resuming improper practices post-SEC settlement, with new concerns over export compliance.
Sectors & Industries
September 3, 2024
A recent investigation into Super Micro Computer Inc., a Silicon Valley-based server maker, has uncovered serious allegations of accounting manipulation, including undisclosed related party transactions, sanctions evasion, and customer issues.
Despite a previous $17.5 million SEC settlement for accounting violations, the company reportedly resumed improper practices shortly after.
The investigation also revealed concerns about Super Micro's business dealings with related parties and compliance with U.S. export bans, particularly in relation to Russia.
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