April 25, 2001 |
Sirena Apparel Group Inc.'s former chief financial officer pleaded guilty to charges he falsified the swimwear maker's books to meet revenue forecasts, federal prosecutors said Tuesday. Richard A. Gerhart, 49, of Irvine, pleaded guilty to nine counts before U.S. District Judge Dickran Tevrizian in Los Angeles. The charges include making a false statement to the Securities and Exchange Commission and falsification of books and records. Tevrizian set an Aug.
April 12, 2001 |
Sirena Apparel Group Inc.'s former chief executive pleaded guilty to charges he falsified the swimwear maker's books to meet revenue forecasts, federal prosecutors said. Maurice B. Newman, 67, entered his plea before U.S. District Judge Dickran Tevrizian in Los Angeles. Tevrizian set a June 25 sentencing date, when Newman could face as much as 25 years in prison and a fine of $8.8 million.
September 19, 1997 |
CaliforniaMart President Maurice "Corky" Newman, who helped rebuild the tenant base at the Los Angeles apparel showroom center, said Thursday that he is leaving the post to become chairman and chief operating officer of Sirena Apparel Group, a South El Monte-based swimwear producer. The move is effective Sept. 29. Susan Scheimann, vice president of marketing and leasing at CaliforniaMart, has been named acting president.
June 11, 1999 |
Two shareholders' suits were filed Thursday against Sirena Apparel Group Inc. accusing the El Monte company of filing false financial statements for the first three quarters of fiscal 1999. Sirena said Monday that it had fired its chief executive and its chief financial officer "following the discovery of accounting irregularities" and would restate its financial results for the first three quarters of the fiscal year ending June 30.
September 28, 2000 |
Maurice "Corky" Newman, a well-known Southern California fashion executive who was fired last year amid allegations of misconduct at Los Angeles-based Sirena Apparel Group, will face criminal charges of accounting fraud, federal prosecutors said Wednesday. Newman, 67, former chief executive at bathing-suit maker Sirena, was arrested Tuesday by FBI agents and named in a 10-count indictment for misleading investors last year about Sirena's financial health.
July 9, 1999
* Sirena Apparel Group Inc. said its stock would be delisted from the Nasdaq Stock Market effective at the close of business today because it no longer meets Nasdaq's maintenance requirements. The Vernon-based maker of private-label swimwear, which filed a petition for Chapter 11 bankruptcy protection in June, said it doesn't intend to list its stock on any other market at this time.