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Watch all Super Bowl 2015 Ads Online Sexiest Super Bowl 2015 Ad: Carl's Jr. Superbowl Ad with Charlotte McKinney Bud Light Super Bowl 2015 Ad Life-Sized PacMan Mercedes-Benz Super Bowl 2015 Ad Fable T-Mobile Super Bowl 2015 Ad with Kim Kardashian Budweiser Super Bowl 2015 Ad Lost Dog Budweiser Super Bowl 2015 Ad Beer Run All Super Bowl 2015 Advertisers All Celebrities that appear in Super Bowl 2015 Commercials
Carl's Jr. Super Bowl 2015 Ad stars Charlotte McKinney

Carl's Jr. Super Bowl 2015 Ad stars Charlotte McKinney

Budweiser Super Bowl 2015 Ad Beer Run stars a Clydesdale

Budweiser Super Bowl 2015 Ad Beer Run stars a Clydesdale

Microsoft's HoloLens starts the Era of Holographic Computing

HoloLens starts the Era of Holographic Computing

Budweiser Super Bowl 2015 Ad Lost Dog Teaser Released

Budweiser Super Bowl 2015 Ad Lost Dog Teaser Released

Victoria's Secret Super Bowl 2015 Ad is Online

Victoria's Secret Super Bowl 2015 Ad is Online

HP Says the Justice Department Is Probing Autonomy for Fraud

Dec 28 2012, 1:12pm CST | by , in News | Technology News

HP Says the Justice Department Is Probing Autonomy for Fraud
 
Buy HP from Amazon Cyber Monday and Black Friday Now
 

Fraud investigation begins

HP took a massive hit after its purchase of Autonomy didn't work out so well. HP has alleged since it had to take the massive write-down on the purchase of the software company that accounting impropriety during its inspection of the Autonomy books is to blame. HP has announced that the US Department of Justice has officially opened an investigation into its allegations of accounting fraud.

Last year HP purchased Autonomy for $11 billion. In November of this year, HP announced that it uncovered accounting fraud at the company forcing it to take a write-down of $8 billion. HP has stated in the past that it had offered evidence to federal regulators and the launch of an investigation would seem to confirm that fact.

"As a result of the findings of an ongoing investigation, HP has provided information to the U.K. Serious Fraud Office, the U.S. Department of Justice and the (Securities and Exchange Commission) related to the accounting improprieties, disclosure failures and misrepresentations at Autonomy that occurred prior to and in connection with HP's acquisition of Autonomy. On Nov. 21, 2012, representatives of the U.S. Department of Justice advised HP that they had opened an investigation relating to Autonomy. HP is cooperating with the three investigating agencies."

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