SiliconBeat

Tuesday was Barry Zwarenstein’s last day as chief financial officer at VeriFone Holdings, the same day the company officially wiped out $70 million in past profits when it filed amended financial statements with the Securities and Exchange Commission.

In December the San Jose-based electronic payments company shocked investors when it said it had miscalculated its costs for inventory, manufacturing and distribution in its previous three quarterly reports.

In April, VeriFone’s board completed its investigation into the matter, an effort involving some 70 professionals and forensic accountants, Read the rest of this entry »