The <a href="https://www.foxnews.com/category/politics/finance/sec" target="_blank">U.S. Securities and Exchange Commission</a> on Thursday charged former executives for telecommunications firm Pareteum with accounting and disclosure fraud, according to a statement.

<div class="m"><picture><source media="(max-width: 767px)" srcset="https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2023/09/343/192/US.jpg?ve=1&amp;tl=1, https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2023/09/686/384/US.jpg?ve=1&amp;tl=1 2x" height="192" width="343"><source media="(min-width: 768px) and (max-width: 1023px)" srcset="https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2023/09/672/378/US.jpg?ve=1&amp;tl=1, https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2023/09/1344/756/US.jpg?ve=1&amp;tl=1 2x" height="378" width="672"><source media="(min-width: 1024px) and (max-width: 1279px)" srcset="https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2023/09/931/523/US.jpg?ve=1&amp;tl=1, https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2023/09/1862/1046/US.jpg?ve=1&amp;tl=1 2x" height="523" width="931"><source media="(min-width: 1280px)" srcset="https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2023/09/720/405/US.jpg?ve=1&amp;tl=1, https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2023/09/1440/810/US.jpg?ve=1&amp;tl=1 2x" height="405" width="720"> <img src="https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2023/09/1200/675/US.jpg?ve=1&amp;tl=1" alt="U.S. Securities and Exchange Commission" width="100%" height="auto"></picture></div> <div class="info"><div class="caption"><p><span>The headquarters of the U.S. Securities and Exchange Commission (SEC) are seen in Washington, July 6, 2009.&nbsp;</span> <span>(REUTERS/Jim Bourg)</span></p></div></div>

The SEC said it charged Pareteum's former chief financial officer, Edward O’Donnell, and its former chief commercial officer, Victor Bozzo, for engaging in <a href="https://www.foxnews.com/privacy-policy" target="_blank">fraudulent revenue recognition practices</a>. Pareteum filed for Chapter 11 protection in May 2022.

The U.S. Securities and Exchange Commission (SEC) has taken legal action against former executives of telecommunications company Pareteum, alleging accounting and disclosure fraud.{ai:summary}<p>Former executives of telecom firm Pareteum, Edward O'Donnell and Victor Bozzo, have been charged by the SEC with accounting and disclosure fraud. Pareteum filed for Chapter 11 protection in May 2022. #economy</p>

Former Pareteum executives charged with accounting and disclosure fraud by SEC

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