SEC v. American Renal Holdings Associates, Inc.

American Renal Holdings Associates, Inc., Jonathan Wilcox, Jason Boucher, and Karen Smith allegedly engaged in a fraudulent scheme to manipulate the revenue of American Renal Associates Holdings, Inc. According to the SEC, from 2017 through at least November 2018, the defendants improperly manipulated certain revenue adjustments to enhance ARA’s financial performance and that Boucher and Smith created false documents to mislead ARA’s auditor.

Summary generated from official Securities and Exchange Commission press release