The [tag]SEC[/tag] press release: The [tag]Securities and Exchange Commission[/tag] today announced settled administrative actions finding improper professional conduct by a former [tag]KPMG[/tag] engagement partner and senior manager for failing properly to complete the audit of [tag]Tenet Healthcare Corporation[/tag]’s fiscal year […]

I have recently begun reading the true story of the rise and fall of Enron. The book is Conspiracy of Fools: A True Story by Kurt Eichenwald. It is fascinating so far, so I thought I’d post here about it […]

Employers are putting the brakes on the use of internet services by employees. They are stooping the use of instant messaging and downloading of files, for starters, in an attempt to protect company computers from viruses, data bottlenecks, and potential […]

Milwaukee County has sued its former actuarial firm, Mercer Human Resource Consulting, for malpractice and breach of contract related to the 2000 county pension deal. Mercer advised the county on the cost of the pension enhancements under a contract signed […]

The European Union’s chief antitrust regulator has warned Microsoft Corp that it can’t sell the Windows Vista operating system in Europe if it has certain features. One concern is Microsoft’s potential to unfairly direct users to Microsoft’s internet search service. […]

Federal prosecutors in New York, Alabama, and New Hampshire have threatened to label companies uncooperative if they continue to pay the legal fees of indicted executives. Prosecutors want individuals to pay their own legal fees, even though the fees can […]

A long post, compliments of the Wall Street Journal. I thought this was a great piece. They chronicled how various high-profile white collar defendants fared. The lineup includes Frank Quattrone, Bernie Ebbers, Richard Scrushy, John Rigas, Dennis Kozlowski, Mark Belnick, […]

Martin Frankel, infamous looter of insurance companies, was sentenced to 17 years in prison for his theft of more than $200 million. This is the same sentence he received in 2004, and he was resentenced pursuant to a Supreme Court […]

The trial of former Enron executives Jeffrey Skilling and Kenneth Lay will continue this week, with the prosecution expected to wrap up its case. However, according to the Wall Street Journal: …there has been no smoking gun — no emails […]

Accusations of corruption are still lingering for Red Cross volunteers. They are being accused of diverting relief supplies, failure to follow Red Cross procedures for supply tracking and distributions, and use of felons as volunteers (which is against Red Cross […]