SEC Says Bisys Ex-VP Juggled The Books

     MANHATTAN (CN) – The senior financial officer of The Bisys Group overstated the income from its Insurance Services division by $180 million from fiscal years 2001 through 2003, the SEC says in Federal Court. It seeks penalties and a restraining order against Steven Wevodau, 43, of Mechanicsburg, Pa.

     Wevodau was vice president of finance for Bisys’ Insurance and Education Services group from 1996 until March 2002.

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