NU Online News Service, March 13, 3:38 p.m. EDT
Willis Group Holdings took a charge of $28 million after an internal audit discovered a group of employees within the company falsified commissions and fees earned for more than five years.
In a filing with the Securities and Exchange Commission, London-based insurance broker Willis says an audit discovered an uncollectable accounts receivable balance of about $28 million covering the years 2005 to 2011.
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