FYI
Super Micro Computer, Inc. (SMCI) was involved in an accounting fraud that came to light in 2020. The SEC charged the company and its former CFO with accounting violations related to financial disclosures for fiscal years 2014-2017. As a result, SMCI was fined $17.5 million and delisted from Nasdaq from August 23, 2018, until March 22, 2019. The CEO, Charles Liang, was required to reimburse the company $2.1 million in stock profits. SMCI has since made substantial improvements to its internal controls and management team[2][3][5].
Sources
[1] Any thoughts on SMCI Accounting fraud at 2020? https://www.reddit.com/r/SMCI_Stock/comments/1azq73l/any_thoughts_on_smci_accounting_fraud_at_2020/
[2] SEC Charges Super Micro and Former CFO in Connection with ... https://www.sec.gov/newsroom/press-releases/2020-190
[3] Supermicro Announces Settlement of Financial Accounting ... https://ir.supermicro.com/news/news-details/2020/Supermicro-Announces-Settlement-of-Financial-Accounting-Investigation/default.aspx
[4] Why Super Micro Computer Shares Sank Friday - Yahoo Finance https://finance.yahoo.com/news/why-super-micro-computer-shares-180933991.html
[5] SEC charges Super Micro and its former CFO with accounting ... https://www.cnbc.com/video/2020/08/25/sec-charges-super-micro-and-its-former-cfo-with-accounting-violations.html
