132. i2a#39;s recognition of the full $10 million license fee in the first quarter 2000 was improper under GAAP. ... The cash exchange amounted to little more than a check-swapping scheme that effectively enabled i2 improperly to recognize its own cash as revenue. ... aquot;barteraquot; deal, whereby i2 sold $10 million of software to Enron while committing to buy a reciprocal amount of broadband services from Enron.
|Title||:||Gregory Brady, William M. Beecher, and Reagan L. Lancaster: Securities and Exchange Commission Litigation Complaint|
|Publisher||:||DIANE Publishing -|