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Your resource for xerox news on our products, business solutions, citizenship, company information via news releases, videos and more. Xerox restates billions in revenue: yet another case of accounting fraud by joseph kay 1 july 2002 in the latest scandal involving a prominent american corporation, xerox revealed last week that over the past five years it has improperly classified over $6 billion in revenue, leading to an overstatement of earnings by nearly $2 billion. Xerox corporation (/ ˈ z ɪər ɒ k s / also known as xerox, stylized as xerox since 2008, and previously as xerox or xerox from 1960 to 2008) is an american global corporation that sells print and digital document solutions, and document technology products in more than 160 countries.Download