The world's largest courier service, UPS, will pay $45 million in fines after settling claims one of its units misrepresented earnings, the U.S. Securities and Exchange Commission confirmed in a release this week.

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Financial Crime Weekly: UPS Pays $45M Fine, BIT Mining Pays $4M Fine For Bribery - United Parcel Service (NYSE:UPS)

United Parcel Service Inc. will pay $45 million to settle charges that it improperly valued its freight division, the Securities and Exchange Commission announced Friday.

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UPS to pay $45M to US settle charges that it improperly valued its freight division

United Parcel Service Inc. will pay $45 million to settle charges that it improperly valued its freight division, the Securities and Exchange Commission announced Friday

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UPS pays a $45 million fine for misrepresenting its earnings and BIT Mining pays a $4 million fine for bribery of foreign officials.

United Parcel Service Inc. will pay $45 million to settle claims by the US Securities and Exchange Commission that the courier misrepresented its financial results by improperly valuing its freight business.

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UPS Hit With $45 Million Penalty by SEC Over Improper Valuation

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UPS will pay $45 million in fines with SEC settlement

UPS will pay $45 million to settle charges that it improperly valued its freight division, the Securities and Exchange Commission announced Friday. The regulator agency said that UPS materially misrepresented its earnings because it failed to follow generally accepted accounting principles when valuing its freight unit. The SEC order said that in 2019 UPS determined that its freight division was likely to sell for no more than about $650 million…

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The United Parcel Service will pay up to a $45 million penalty for improperly valuing a business unit, the U.S. Securities and Exchange Commission (SEC) said on Friday.

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UPS to pay $45 million penalty for improperly valuing business unit, SEC says

(Bloomberg) -- United Parcel Service Inc. will pay $45 million to settle claims by the U.S. Securities and Exchange Commission that the carrier misrepresented

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UPS pays $45 million SEC fine for improper valuation - THE BHARAT EXPRESS NEWS

UPS has reached a $45 million settlement with the Securities and Exchange Commission over claims made by the agency that the carrier improperly valued its freight business in financial results reporting.

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UPS Settles With SEC Over Freight Business Valuation

PRESS RELEASE
UPS to Pay $45 Million Penalty for Improperly Valuing Business Unit Washington D.C., Nov. 22, 2024 — The Securities and Exchange Commission today announced settled charges against United Parcel Service Inc. for materially misrepresenting its earnings because it failed to follow generally accepted accounting principles (GAAP) in valuing one of its worst performing businesses.    According to the SEC’s order, UPS determined in 2019 t…

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SEC: UPS to pay $45 million penalty for improperly valuing business unit - The Loadstar

UPS will pay $45 million in fines with SEC settlement

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