Spain's Gowex Files For Bankruptcy, Ex-CEO Could Face 10 Years In Jail - Presented by: The Aol. On Network

Spanish wireless networks provider Gowex filed for bankruptcy on Monday, a week after an accounting fraud at the firm was revealed, while the High Court said its founder could face a jail sentence of more than 10 years. Law firm Velez & Urbina said Gowex had decided to file for bankruptcy because it was in a state of "imminent insolvency" and faced a "financial standstill" after a high number of contracts were ended and new projects were canceled.



Related Videos

Most Popular Videos

Latest Videos


Most Active by Volume

Company Last Sale Change Net / %
RAD $ 6.78 0.72 ▲ 11.88%
BAC $ 17.53 0.27 ▲ 1.56%
PBR $ 6.90 0.20 ▲ 2.99%
AAPL $ 112.65 3.24 ▲ 2.96%
TLM $ 7.78 0.14 ▲ 1.83%
GE $ 25.14 0.71 ▲ 2.91%
ORCL $ 45.35 4.19 ▲ 10.18%
PBR/A $ 7.17 0.15 ▲ 2.14%

As of 12/18/2014, 04:15 PM
More Most Active

Latest News Headlines

View All