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Violation Tracker Individual Record

Company: United Parcel Service Inc.
Current Parent Company: United Parcel Service
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $45,000,000
Year: 2024
Date: November 22, 2024
Offense Group: financial offenses
Primary Offense: accounting fraud or deficiencies
Violation Description: The Securities and Exchange Commission announced settled charges against United Parcel Service Inc. for materially misrepresenting its earnings because it failed to follow generally accepted accounting principles (GAAP) in valuing one of its worst performing businesses.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Georgia
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: freight and logistics
Specific Industry of Current Parent: package delivery
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.