Defendant Name:
Molex Incorporated
Defendant Type:
Public Company
SIC Code:
3670
CUSIP:
60855420
Document Reference:
34-74696
Document Details
Legal Case Name
In the Matter of Molex Incorporated
Document Name
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
Document Date
09-Apr-2015
Document Format
Administrative Proceeding
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On April 9, 2015, the SEC instituted settled administrative proceedings against Molex Incorporated. According to the complaint: "From at least 1989 to April 2010, Katsuichi Fusamae, a senior finance employee and controller at Molex Japan Co., Ltd...., the Japanese subsidiary of the U.S. based public company Molex Incorporated..., engaged in a financial fraud that spanned more than 20 years and resulted in losses to Molex in excess of $200-million....Also as a result of the scheme, Molex and Molex Japan failed to make and keep accurate books and records reflecting Molex Japan's trading and borrowings."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
