USA: Cutter & Buck Ex-CFO Given 3-Month Sentence
Stephen Lowber, the disgraced former chief financial officer at Cutter & Buck, has been given a three-month prison sentence for hiding an accounting fraud.
The golf apparel company was found guilty of adding $5.7 million to its revenues for merchandise that was warehoused rather than sold, and Lowber admitted to helping to hide the fraud.
Cutter & Buck has settled a civil lawsuit connected to the case.
Last week, the Seattle-based company's ex-controller, Athena Diaz, admitted to evading internal accounting operations.
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