On This Day - What happened 11 April 2002 AD

On 11 April 2002, during a march headed to the presidential palace, nineteen people were killed, and over 110 were wounded.

During The Events of April 2002, Chávez believed that the best way to stay in power was to implement Plan Ávila. Military officers, including General Raúl Baduel, a founder of Chávez's MBR-200, then decided that they had to pull support from Chávez to deter a massacre and shortly after at 8:00 pm, Vásquez Velasco, together with other ranking army officers, declared that Chávez had lost his support. Chávez agreed to be detained and was transferred by army escort to La Orchila; business leader Pedro Carmona declared himself president of an interim government. Carmona abolished the 1999 constitution and appointed a governing committee.

On April 11, 2002, the U.S. Securities and Exchange Commission filed a complaint against Xerox. The complaint alleged Xerox deceived the public between 1997 and 2000 by employing several "accounting maneuvers," the most significant of which was a change in which Xerox recorded revenue from copy machine leases – recognizing a "sale" when a lease contract was signed, instead of recognizing revenue over the entire length of the contract. At issue was when the revenue was recognized, not the validity of the revenue. Xerox's restatement only changed what year the revenue was recognized.