Ausal

Indicted Shipbuilder Suspended from Fincantieri Shipyard

Fincantieri Bay Shipbuilding. Fincantieri Marine Group

A shipbuilder who federal prosecutors say committed fraud at an Alabama shipyard from 2013 to 2016 has been suspended from his current job in Wisconsin, USNI News has learned.

Craig Perciavalle, who was the former president of Austal USA in Mobile, was suspended without pay from his current role as the general manager of Fincantieri Bay Shipbuilding, part of Fincantieri Marine Group’s holdings in Wisconsin, according to a Wednesday statement...

https://news.usni.org/2023/04/05/indicted-shipbuilder-suspended-from-fincantieri-shipyard

Former Austal USA Executives Indicted for Alleged Accounting Fraud, Face SEC Complaint

USS Tulsa (LCS 16) returns to Austal USA after launching from the drydock at BAE Ship Systems on March 16, 2016. US Navy photo.

A federal grand jury on Friday indicted former Austal USA executives on felony fraud charges, alleging that they intentionally manipulated costs and earnings reports and mislead company investors and shareholders about the true costs of building Littoral Combat Ships for the U.S. Navy.

A grand jury in Alabama issued the March 30 indictment against Craig Perciavalle, 52,...

https://news.usni.org/2023/04/03/former-austal-usa-executives-indicted-for-alleged-accounting-fraud-face-sec-complaint

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