Global Investigations Review - The law and practice of international investigations

SEC offers reprieve to ex-General Cable CEO in false accounting case

By Michael Griffiths

13 November 2018

SEC offers reprieve to ex-General Cable CEO in false accounting case US Securities and Exchange Commission (Credit: Credit: krblokhin via iStockphoto)

The former CEO of General Cable appears set to avoid a civil trial over alleged false statements made to conceal a $46.7 million hole in the company’s accounts, after agreeing an in-principle settlement with the SEC.