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SEC Charges Dialysis Provider And Three Former Senior Executives With Revenue Manipulation Scheme - American Renal Associates Agrees To Pay $2 Million Civil Penalty

<p><span>The Securities and Exchange Commission today charged American Renal Associates Holdings, Inc. (ARA), a provider of dialysis services through clinics across the country, with engaging in a revenue manipulation scheme that resulted in the restatement of several years of financial reporting. The SEC also charged two of ARA&rsquo;s former chief financial officers, Jonathan Wilcox and Jason Boucher, and former ARA Controller, Karen Smith, for their misconduct related to the scheme.</span></p> ....

New York , United States , Jennifers Leete , Pei Chung , Brian Palechek , Jonathan Wilcox , Davidj Gottesman , Karen Smith , Deboraha Tarasevich , Jonathan Austin , Jason Boucher , Christopher Bruckmann , Exchange Commission , American Renal Associates Holdings Inc , Division Of Enforcement , American Renal Associates Holdings , Associate Director , Southern District , Sarbanes Oxley Act ,