Posted by Tracy Coenen on April 30, 2006 · Leave a Comment
The Los Angeles Times has discontinued the column and blog of Pulitzer Prize-winning reporter Michael Hiltzik. He is being reassigned after he serves a suspension. His offense: posting things on the Internet using assumed names.
The newspaper says he did not commit any ethical violations in his newspaper column and did not have inaccuracies in [...]
Posted by Tracy Coenen on April 28, 2006 · 1 Comment
A multi-million dollar bank fraud and money laundering scheme led to the arrest of Olympic gold medalist Tim Montgomery today. He, his track coach Steven Riddick, and 12 others have been indicted by a grand jury in New York. The group is accused of depositing $5 million in stolen, altered, and counterfeit checks [...]
Posted by Tracy Coenen on April 27, 2006 · Leave a Comment
Exxon Mobil is taking heat for reporting “record profits” of $8.4 billion for the first quarter of 2006. This was up 7% from the same quarter last year.
While this is a record-breaking figure dollar-wise, the media is scarcely reporting that this profit was earned on gross revenue of $88.98 billion. That makes the net profits [...]
Posted by Tracy Coenen on April 26, 2006 · Leave a Comment
The four men involved in the tire slashing of 25 vans rented by Republicans to help transport voters to the polls in November 2004 have all been sentenced to jail. Milwaukee Circuit Court Judge Michael Brennan said the vandalism was not just a harmless prank. Regarding their attempts at voter suppression, he said:
They see you [...]
Posted by Tracy Coenen on April 25, 2006 · Leave a Comment
Kenneth Lay maintained on Tuesday that Enron was a financially healthy company that was just a victim of outside forces. He claimed that in late 2001 he was just a desperate executive who was trying to fight off a negative image cast upon the company by the media.
A lot of his testimony focused on [...]
Posted by Tracy Coenen on April 23, 2006 · Leave a Comment
This weekend, Reggie Bush’s parents and brother moved out of the Spring Valley home they’e been living in since last year. Apparently, information has surfaced linking the property to Michael Michaels, a man affiliated with a sports marketing company and supposedly instrumental in Reggie Bush’s selection of an agent.
Property records show that the house was [...]
Posted by Tracy Coenen on April 22, 2006 · Leave a Comment
The first civil case over the tax shelter called “Son of Boss” went in favor of the IRS. Tax Court Judge David Laro granted summary judgment to the IRS in its case against RJT Investments X LLC in Omaha, Nebraska. The IRS argued that RJT created fake losses in order to lower its federal taxes.
The [...]
Posted by Tracy Coenen on April 21, 2006 · Leave a Comment
Robert Brownell, the former CEO of Bielinski Brothers Inc. who masterminded a multi-million dollar fraud, was sentenced to 20 years in federal prison today. This was the maximum sentence allowed by law for his guilty plea to charges of conspiracy to commit wire fraud.
The judge also considered an incident in March, where Brownell asked his [...]
Posted by Tracy Coenen on April 20, 2006 · Leave a Comment
Last week, Sheron L. Jerdee of Cameron, Wisconsin was found guilty of four felony counts of forgery-uttering and two felony counts of medical assistance fraud.
Jerdee, 64, owned Ambu-Lift Transports, Inc., a company that provided transportation to people covered under Wisconsin’s Medicaid program. The corporation was also convicted of four felony counts of forgery-uttering and three [...]
Posted by Tracy Coenen on April 20, 2006 · Leave a Comment
Enron had a history of trying to elicit favorable opinions on accounting issues from Arthur Andersen. The executives were aggressive in their reporting of income and expenses, always seeming to find a way to report things in the way that had the best effect on earnings.
As a part of Enron’s merger with Portland General, the [...]
Next Page »
