1. SEC Charges Former Polycom CEO with Concealing Extravagant personal expenses

    SEC Charges Former Polycom CEO with Concealing Extravagant personal expenses

    SAN JOSE -- Federal regulators have charged Andrew Miller, former CEO of videoconferencing firm Polycom, with using nearly $200,000 in corporate funds for personal perks that were not disclosed to investors, including travel to luxury resorts with his girlfriend...

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    1. Miller used Polycom funds to travel with his friends and girlfriend to luxurious international resorts while falsely claiming the trips were business-related site inspections in advance of company sales retreats.
    2. As previously disclosed in Polycom filings, the company has been cooperating with the enforcement staff of the SEC in connection with its investigation focused on the expenses of Andrew Miller.
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