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  "documentTitle": "Lasertec Corporation (6920)",
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      "text": "The 16-page SEC complaint reads like a manual for how to cook the books if you’re a semiconductor company, detailing the accounting tricks and levers applicable to the industry.",
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      "text": "The 16-page SEC complaint reads like a manual for how to cook the books if you’re a semiconductor company, detailing the accounting tricks and levers applicable to the industry: 1) “fraudulent revenue recognition practices” such as “pull in” sales by offering “undisclosed concessions...to order products earlier than wanted or needed so Magnachip would hit revenue targets”; 2) “recognizing revenue on ‘sales’ of non-existent or unfinished products...falsified books and records”; 3) “manipulated gross margin...delayed scrapping obsolete inventory by several months or years...inflated its gross margin...records did not accurately reflect inventory values...made improper entries...to increase the inventory value when no manufacturing process had occurred.”",
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      "text": "“fraudulent revenue recognition practices” such as “pull in” sales by offering “undisclosed concessions...to order products earlier than wanted or needed so Magnachip would hit revenue targets”; 2) “recognizing revenue on ‘sales’ of non-existent or unfinished products...falsified books and records”; 3) “manipulated gross margin...delayed scrapping obsolete inventory by several months or years...inflated its gross margin...records did not accurately reflect inventory values...made improper entries...to increase the inventory value when no manufacturing process had occurred.” — SEC complaint against Magnachip Semiconductor",
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      "text": "Excerpts from SEC order detailing 'Sun Ip Go' revenue recognition, fraudulent practices, and gross margin manipulation.",
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