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Federal Regulators Detail United Rentals Fraud Scheme - ENR | McGraw-Hill Construction

Publication Date: 09-JAN-08
Author: Tudor Van Hampton
Format: HTML

    
Description:
The world’s largest equipment-rental operator and its suppliers allegedly conspired in a series of illegal sale-leaseback deals that inflated United Rentals Inc.’s stock price and allowed at least one executive to walk away with millions of dollars of personal profit. A federal probe, which has been ongoing for several years, broke open last month and may continue to widen.
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