Steven E. Whiting, the former owner of Badger Die Casting, Inc. was sentenced today to 90 months in federal prison. He will also serve three years on supervised release and pay $921,000 in restitution. Whiting was convicted by a jury […]

The former CEO of Enron Broadband Services, Kenneth Rice, has testified that Jeffrey Skilling wanted him to mislead Enron’s board of directors. At a meeting between Rice and Skilling (former head of Enron) in May 2001, Skilling suggested that Rice […]

The chief executive officer of RadioShack Corp., David Edmondson, lied about his academic credentials. The quote from him is that he “clearly misstated my academic record.” Edmondson previously represented that he had a bachelor of science degree, but is now […]

Last year a website called 12daily-Pro.com offered participants a 12% daily return on membership fees. The money was supposedly to be earned from viewing advertisements on the internet: 12 ads per day. After viewing the ads, members would be paid […]

Milberg Weiss Bershad & Schulman, the New York law firm that helped get a class-action settlement with the accounting firm KPMG LLP is offering an unusual fee arrangement for outside lawyers. In exchange for persuading clients to join the class […]

60 Minutes ran an interesting story tonight, focused on the alleged abuse of funds for rebuilding Iraq by a company named Custer Battles. The story indicated that the company was paid tens of millions of dollars to provide services it […]

I’m having flashbacks to Enron. Enron, Enron, Enron. Well, it looks like Refco could have been 2005’s Enron, but on a smaller scale. Not too small, though. Refco raised $583 million in its public offering in August. In October, the […]

City of Milwaukee police officer Steven Wesolowski has been charged with a felony of misconduct in public office. It is alleged that Wesolowski took bribes to fill out bogus vehicle titles at the city’s impound lot. He is accused of […]

American International Group Inc (AIG) has finalized a settlement of $1.6 billion for allegations of accounting fraud. The settlement will be split almost equally between the Securitites and Exchange Commission (SEC) and the State of New York. Civil fraud charges […]

An audit of the Milwaukee County Child Welfare system was completed by state auditors at the direction of the Joint Legislative Audit Committee. The audit found almost $700,000 of questionable and unallowable costs. The Child Welfare system had 153 full-time […]