Administrative Order by the U. S. Securities and Exchange Commission imposing a financial penalty of $1,589,926 on Mancera SC, described as “the Mexican member firm of Ernst & Young Global”, and bans on accountants Alejandro Valdez Mendoza, CP and Angel Radames Corral Nieblas, CP, both citizens of Mexico, for regulatory breaches regarding Desarrolladora Homex, SAB de CV, which was described as a construction firm that “engaged in a massive fraudulent accounting scheme over at least a three-year period” and whose shares were listed on the Mexican Stock Exchange and New York Stock Exchange.
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December 17, 2020
Mancera SC, Alejandro Valdez Mendoza, Angel Radames Corral Nieblas
U. S. Securities and Exchange Commission
Topics
Accounting Fraud Listed Securities Mexico RegulatoryKeywords
Alejandro Valdez Mendoza Angel Radames Corral Nieblas Desarrolladora Homex, SAB de CV Ernst & Young Mancera SC