ASB News: Executives at US Navy shipbuilding contractor hit with accounting fraud charges - 3rd Apr 2023, 8:53am

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Three Alabama men allegedly orchestrated a multimillion-dollar accounting fraud scheme at a defense contractor that builds ships for the Navy, federal prosecutors said.

The Department of Justice (DOJ) announced Friday that the men were indicted for allegedly conspiring to mislead shareholders and the investing public about Mobile, Alabama-based, shipbuilder Austal USA’s financial condition from around 2013 through at least July 2016.

According to the DOJ and Securities and Exchange Commis...

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