NEW YORK--(BUSINESS WIRE)--
The Law Offices of Vincent Wong notifies investors of an investigation concerning whether GlobalSCAPE, Inc. (“GlobalSCAPE”) (NYSEMKT: GSB) violated federal securities laws.
Click here to learn about the case: http://docs.wongesq.com/GSB-Request-Form-1684. There is no cost or obligation to you.
On August 7, 2017, the Company disclosed that its Audit Committee “has been conducting an investigation into certain transactions in the fourth quarter of 2016 involving improper arrangements with customers that circumvented the Company’s internal controls and their potential effect on previously reported revenue.” GlobalSCAPE further revealed that “the improper arrangements with customers that circumvented the Company’s internal controls have the effect of overstating the reported amounts of accounts receivable as of December 31, 2016, and license revenue for the three months and year ended December 31, 2016, by approximately $403,000 and $396,000, respectively.”
To learn more about the investigation of GlobalSCAPE contact Vincent Wong, Esq. either via email [email protected], by telephone at 212.425.1140, or visit http://docs.wongesq.com/GSB-Request-Form-1684.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
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