Computer Associates Founder Accused of Fraud

Charles Wang, founder and former chairman of Computer Associations International Inc. ( now CA Inc.) has been accused of fraudulent accounting practices. A special committee of the board of directors has recommended that CA file suit against Wang to recover $500 million related to his conduct. The government has put …

Chief Nan Hegerty is in denial about Milwaukee’s crime problem

Last week, Milwaukee’s police chief wrote a seriously misguided editorial about the city’s crime problem. Chief Hegerty claims the police department is already doing many crime-fighting things being suggested by outsiders. But the truth is that she has done a miserable job as chief, the crime rates are out of …

A blogger echoing my sentiments about the many shortcomings of Sarbanes-Oxley

Law professor Larry Ribstein at Ideoblog seems to share many of my sentiments about Sarbanes-Oxley. I personally believe that it was feel-good legislation that was enacted too quickly, and therefore not nearly as good as it could have been. It is far too expensive to implement, with few too many …

Fraud Discovery Institute Says Entire Usana Health Sciences, Inc. Independent Medical Advisory Board Are Undisclosed, High Level ‘Associates’

In a stunning release of previously undisclosed information, the ]Fraud Discovery Institute (FDI) released today documented evidence that the entire Usana Health Sciences, Inc. (Nasdaq:USNA) Medical Advisory Board secretly owns large independent Usana multi-level marketing distributorships. “The company presents their advisory board as an independent medical body of experts that …

Olympic sprinter pleads guilty to fraud conspiracy

Tim Montgomery, the Olympic sprinter who had his world record erased after the BALCO steroid scandal, pleaded guilty Monday to conspiracy to fraud. The $5 million bank fraud scheme involved depositing stolen, counterfeit, and altered checks into banks over three years. Montgomery participated in this scheme which involved his former …