The Securities and Exchange and Commission (SEC) has alleged that nine individuals – employees or agents of vendors at US Foodservice, an Ahold subsidiary – have aided and abetted a huge financial fraud by signing false audit confirmations sent to them by the auditors at US Foodservice. SEC allegations that US Foodservice employees contacted vendors and pressured them to sign false documentation come as a further blow to the food conglomerate whose reputation has suffered considerably over the past two years due to accounting impropriety.
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