Two ex-Penn West executives must face U.S. SEC fraud charges

NEW YORK (Reuters) – A U.S. judge has ordered two former finance executives at Penn West Petroleum Ltd, now known as Obsidian Energy Ltd , to face regulatory charges that they helped engineer a multi-year accounting fraud to reduce the Canadian company’s operating expenses.


Source: Reuters

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>