revealed that Sunbeam was in severe crisis, and that Dunlap had encouraged violations of accepted accounting rules. Dunlap was fired, and under CEO Jerry W. Levin, the company filed for Chapter 11 bankruptcy protection in 2001. Soon after Sunbeam filed for bankruptcy, the U.S. Securities and Exchange Commission (SEC) sued Dunlap and four other Sunbeam executives, alleging that they had engineered a massive accounting fraud. The SEC said $60 million of Sunbeam's supposed record $189 million earnings for 1997 were the result of fraudulent accounting. It also said that Dunlap had falsely created the impression of massive losses in 1996 to make it look as if Sunbeam made a dramatic turnaround the next year. Along with Dunlap and several other officers, the SEC sued Phillip Harlow at Sunbeam's accounting firm, Arthur Andersen. Dunlap was ultimately banned from serving again as an officer or director of a public company. Post-SEC investigation In 2002, Sunbeam emerged from bankruptcy as American Household, Inc. (AHI), a privately held company. Its former household products division became the subsidiary Sunbeam Products, Inc. AHI was purchased in September 2004 by the Jarden Corporation, of which it was a subsidiary until 2016 when Jarden Corporation was purchased by Newell Rubbermaid to form Newell Brands. Current Jarden has continued to grow its brands, purchasing the Holmes Group in 2005, K2 in 2007, and Mapa Spontex in 2009. More recently, Jarden purchased Aero International and Quickie Manufacturing. As of 2015, Sunbeam batteries were made in China and imported into the United States by Greenbrier International and into Canada by DTSC Imports for Dollar Tree stores. See also Conair Corporation Sunbeam Corporation Limited (Australian Brand) References External links 1910 establishments in Florida 2004 mergers and acquisitions 2016 mergers and acquisitions American companies established in 1910 Companies based in Boca Raton, Florida Companies that filed for Chapter 11 bankruptcy in 2001 Cooking appliance brands Electronics companies established in 1910 Home appliance brands Home appliance manufacturers of the United States Manufacturing companies based in Florida Newell Brands