Ex-Deloitte Risk Chief Settles Claim He Took Casino Markers
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A former Deloitte LLP executive will be suspended from practicing as an accountant for two years after settling U.S. regulatory claims that he took thousands of dollars in markers while serving as an adviser on the firm’s audit of a casino gaming corporation.
The Securities and Exchange Commission action against James T. Adams, 62, was announced by the agency in a statement today outlining settlement of its administrative case. Adams, who was Deloitte’s chief risk officer, was accused of drawing markers -- which are used by a casino customer to receive gaming chips drawn against a line of credit -- from July 2009 until he retired from the firm in May 2010, the SEC said.