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WANdisco suspends stock trading, launches fraud investigation

Technology group WANdisco has warned of a significant drop in revenue in 2022 after discovering a potential “fraudulent fraudulent activity”.

The UK- and US-based software group announced this week that Additional publication requested that its shares be suspended from trading on the UK Aim market pending an investigation.

Irregularities relate to “orders received and related earnings and bookings represented by one senior sales employee.” one disco said Thursday.

The findings “lead to significant uncertainties regarding” [the company’s] overall financial situation,” he added.

“The Board now expects full-year 2022 earnings to be lower to $9 million, rather than the previously reported $24 million. I’m not confident.”

https://www.ft.com/content/02f88975-b227-4d50-b5e8-1d2a4f31feec WANdisco suspends stock trading, launches fraud investigation

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