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Resource ID: #13173
Subject: Fraud
Source: Business Week
Affiliation: 
Date: 

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Description

In May, Bernard F. Bradstreet, the 51 year old former president and co-chief executive of Kurzweil Applied Intelligence Inc. was convicted of masterminding an astonishingly blatant accounting fraud at Kurzweil, the small but leading-edge player in computerized speech recognition in Waltham, Mass. This Business Week article investigates how with Bradstreet at the helm, the company booked millions of dollars in phony sales supposedly selling goods to customers but instead shipping them to a local warehouse to gather dust. (Sept. 16, 1996)

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