SEC Charges Former Finance Director at CIRCOR International with Accounting Fraud

The Securities and Exchange Commission today announced fraud charges against Nicholas Bowerman, a former finance director of CIRCOR International Inc., a formerly publicly traded technology manufacturer. The SEC alleges that Bowerman’s fraud led to the company making misleading statements to the public about the company’s financial performance from 2019 through 2021. The SEC also announced related settled internal accounting charges against CIRCOR. Bowerman worked at CIRCOR’s U.K.-based business unit, Pipeline Engineering. According to the SEC’s complaint against Bowerman, between 2019 and 2021, Bowerman manipulated CIRCOR’s internal accounting records by falsifying Pipeline Engineering’s financial results before they were included in CIRCOR’s consolidated financial statements.