Former Bankrate CFO gets 10 years for cooking the books to the tune of $25 million

Former Bankrate CFO gets 10 years for cooking the books to the tune of million
The former chief financial officer of Bankrate will spend the next 10 years in prison after admitting in court earlier this year that he falsified the company’s accounts in a scheme that ended up costing shareholders $25 million. According to the Department of Justice, Edward DiMaria used his position at Bankrate to artificially boost the company’s earnings from 2010 through 2014.
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