From the Wall Street Journal: In testimony this morning, Jerry Arnold, a defense consultant and accounting professor at the University of Southern California, testified that [tag]Enron[/tag] wasn’t required to [tag]write down[/tag] declines in the value of its international operations

It was 1998. As the end of the first quarter rolled around, the finance division was scrambling again. If nothing was done, Enron was going to miss its earnings projections. A little extra creativity was needed to close the

The drug Ketek, made by the drug company Aventis (now Sanofi-Aventis SA) was approved by the U.S. Food and Drug Administration (FDA) in early 2004. But recent reports of severe liver damage to those taking the drug have come

Believe it or not, family members are notorious for stealing more from companies than regular employees. Why? Who knows! It could be greed or entitlement. It could be lax controls around family members and their job duties. It could

Las Vegas G-Sting trial to wrap up

The six week G-sting trial in Las Vegas will conclude this week with closing arguments. The trial has included tape from FBI wiretaps, undercover videos, and testimony about politicians and [tag]bribes[/tag]. Former Clark County commissioners Dario Herrera and Mary

A multi-million dollar [tag]bank fraud[/tag] and [tag]money laundering[/tag] 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 [tag]grand jury[/tag] in New York.

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

[tag]Kenneth Lay[/tag] maintained on Tuesday that [tag]Enron[/tag] 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