Tag Archives: Ausal

Former Austal USA Executives Indicted for Alleged Accounting Fraud, Face SEC Complaint

Former Austal USA Executives Indicted for Alleged Accounting Fraud, Face SEC Complaint

USS Tulsa (LCS 16) returns to Austal USA after launching from the drydock at BAE Ship Systems on March 16, 2016. US Navy photo.

A federal grand jury on Friday indicted former Austal USA executives on felony fraud charges, alleging that they intentionally manipulated costs and earnings reports and mislead company investors and shareholders about the true costs of building Littoral Combat Ships for the U.S. Navy. Read More