SEC wants to sanc­tion a PwC ac­coun­tant for fail­ing to flag Steven Bur­rill as he loot­ed a biotech fund

Once a high-pro­file ven­ture in­vestor in biotech, Steven Bur­rill be­came no­to­ri­ous in biotech af­ter ac­cept­ing re­spon­si­bil­i­ty for loot­ing one of his funds to pay for busi­ness and per­son­al ex­pens­es, in­clud­ing gifts for a mis­tress. Now the SEC is go­ing af­ter his ac­coun­tant at PwC, look­ing to bar him from num­ber crunch­ing af­ter lay­ing out al­le­ga­tions of how quick­ly he was will­ing to ac­com­mo­date Bur­rill’s theft.

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