Wednesday, March 05, 2008 Dyadic's internal dirty laundry first came to light at the company last April, when then-CFO Wayne Moor went to the company's Asian subsidiary to pick up the pieces after the unexpected death of an executive. While there, he learned of accusations about tax fraud and kickbacks that had been made against other executives — allegations that a whistleblower had first presented in late 2003 and 2004 to founder and CEO Mark Emalfarb. By the end of the month, Emalfarb took a leave of absence after the company realized that he had not shared with others at the company the initial emails that had been sent to him four years ago, alleging impropriety. Emalfarb was fired in September, and Moor has since taken his place as CEO. Ignore a Whistleblower — at Your Peril Labels: Dyadic International, Mark Emalfarb, Wayne Moor, whistleblower Previous articles Sarbanes in Switzerland?
|
Sponsored by:
Kumquat: Get the feedback you deserve
Learn more
FREE to Inside Sarbanes Oxley readers
|
About inside Sarbanes-Oxley inside Sarbanes Oxley is dedicated to finding the best sources of news and information on the changing landscape of Sarbanes Oxley and compliance. Whether you call it SOX, Sarbox, or the Sarbanes-Oxley Act of 2002, look no further than inside Sarbanes Oxley. More Copyright © 2004-2006, Inside Sarbanes-Oxley
|
Additional resources Try these recently updated resources: RSS Feed Interested in staying up-to-date on all the latest Sarbanes-Oxley news? Subscribe to the inside Sarbanes-Oxley RSS feed and get all of the latest news on SOX delivered directly to your feed reader. inside
Sarbanes-Oxley RSS Feed
|
