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SEC Accuses Former NextCard Executives of Accounting Fraud, Improper Stock Sales

Securities regulators are suing the management team behind the rapid rise and fall of online credit card lender NextCard Inc., alleging the company's top executives cooked the books and then scrambled to sell their stock before the ruse unraveled into financial ruin. The civil complaint filed Tuesday by the Securities and Exchange Commission continues the government's effort to clean up one of the dot-com bust's biggest debacles.

September 29, 2004 at 12:00 AM

1 minute read

By Michael Liedtke | Updated on September 29, 2004
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