A locally-based Italian restaurant chain settles up with the SEC for not reporting the fringe benefits enjoyed by some of their executives:
The SEC accused Buca of failing to disclose in its proxy statements and Forms 10-K for 2000 to 2003 that its former chief executive was improperly reimbursed for personal expenses totaling nearly $850,000. The expenses included family wedding expenses, dog kenneling, and home remodeling costs, the SEC said in a statement.
The government also alleged that Buca's former chief financial officer was improperly reimbursed of more than $111,000 for vacations and visits to strip clubs.
Working late again tonight honey.
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