SEC v. Nicholas Bowerman

Nicholas Bowerman allegedly worked at CIRCOR’s U.K.-based business unit, Pipeline Engineering, and, between 2019 and 2021, manipulated CIRCOR’s internal accounting records by falsifying Pipeline Engineering’s financial results before they were included in CIRCOR’s consolidated financial statements. Bowerman allegedly concealed his misconduct by manipulating account reconciliations, falsifying certifications, fabricating bank confirmation documents, and misleading CIRCOR’s management and independent auditors. As a result of Bowerman’s conduct, CIRCOR allegedly overstated by millions of dollars its performance for fiscal years 2019 and 2020 and the nine months ending on October 3, 2021.

Summary generated from official Securities and Exchange Commission press release