SEC Charges Fluor Corp. for Accounting Improprieties

The Securities and Exchange Commission today announced that Irving, Texas-based Fluor Corporation will pay $14.5 million to settle charges stemming from the company’s improper accounting on two large-scale, fixed-price construction projects. Five former and current officers and employees also agreed to settle related charges for causing Fluor’s violations. The five former and current Fluor officers and employees who agreed to settle charges for causing Fluor’s violations are: Bradley R. Scott, a current Fluor business-line CFO, Robin K. Chopra, Fluor’s former Chief Accounting Officer and Controller; James F. Brittain, a former Fluor business-line president; Jon Eric Best, a former Fluor business-line CFO; and Kent N. Smith, a former Fluor business-line senior vice president.