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Since then MiniScribe Corporation was known as Maxtor Colorado Corporation and later merged with its parent. In a subsequent court case, Wiles claimed to have known nothing of these schemes, saying he was duped by the middle management. Several of those middle managers testified that Wiles was aware of the fraud.
May 13, 2019 · MiniScribe launched an internal investigation, which exposed a systematic conspiracy by managers to both accelerate sales and exaggerate inventory, including the creation of a computer program ...
- Dale Nicholls
Aug 9, 1994 · Patrick J. Schleibaum, who was chief financial officer of MiniScribe, was found guilty in June in federal court in Denver of two counts of filing a false statement with the SEC and of insider...
Sep 13, 1989 · Sept. 13, 1989 12 AM PT. From Reuters. NEW YORK — The former managers of computer disk-drive maker MiniScribe Corp. allegedly “perpetrated a massive fraud” by masking the company’s declining...
Sep 13, 1989 · By Associated Press. September 12, 1989 at 8:00 p.m. EDT. LONGMONT, COLO., SEPT. 12 -- An internal report released by MiniScribe Corp. says former senior managers of the computer disk-drive maker...
Oct 10, 2019 · On February 1992, a Texas judge overturned a verdict of more than $550 million to former bondholders of Miniscribe, defunct at this time, and the parties in the case reached a settlement. State district judge Roy Engelke said the verdict was not supported by sufficient evidence and was contrary to the great weight and preponderance of the evidence.
Feb 25, 1992 · Feb. 25, 1992 12 AM PT. Quentin T. Wiles of Sherman Oaks, who was ordered by a Texas jury earlier this month to pay $250 million in punitive damages for his role in the collapse of computer disk...
