Complaint Review: Ocwen - West Palm Beach Florida
- Ocwen West Palm Beach West Palm Beach, Florida U.S.A.
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- Category: Mortgage Companies
Ocwen SEC contacted for investigation, Sarbanes Oxley violations West Palm Beach Florida
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The SEC has been notified that Ocwen has intentionally and willfully falsified, obfuscated and deleted data that shows the Material Weakness in the IT practices and effect the companies finicial reporting as described in Sarbanes Oxley 404 requirements.
Ocwen IT staff did knowingly delete data that showed uptime for the RealSuite of Applications to maintain and provide finicial information.
Ocwen IT staff did at the specific instruction of the CIO willfully delete a 1 year time frame of Uptime for the entire set of RealSuite applications.
This uptime data supported several lawsuits that specifcally show Ocwen illegal accounting practices. Ocwen executive management has in fact threaten legal action if this information was disclosed in violation of the Whistleblower Act.
Alan
33431, Florida
U.S.A.
This report was posted on Ripoff Report on 08/25/2004 06:38 AM and is a permanent record located here: https://www.ripoffreport.com/reports/ocwen/west-palm-beach-florida/ocwen-sec-contacted-for-investigation-sarbanes-oxley-violations-west-palm-beach-florida-105290. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
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