As reported yesterday, the former CFO of the Milwaukee Public Museum has been charged with four criminal counts against him for his part in the raiding of the organization’s endowment fund. Here is a summary of the criminal complaint against […]

The Milwaukee county district attorney’s office has brought criminal [tag]misconduct[/tag] charges against Terry Gaouette, the former CFO of the Milwaukee Public Museum. He is charged with four felonies related to illegally transferring endowment funds and falsifying records. He could receive […]

John Grisham’s most recent book is not a fictional crime thriller. Rather, it is the true story of a former minor league baseball player who spent eleven years in prison for a crime he did not commit. Although the story […]

On Friday, Enron’s former executive in charge of investor relations, Paula Rieker, was sentenced to two years of probation. She could have received up to ten years in prison, but was given a lighter sentence because she has cooperated with […]

U.S. Attorney Steven M. Biskupic has filed federal charges against two Milwaukee police officers who have agreed to plead guilty and testify against others in the Frank Jude Jr. beating case. Joseph Schabel was the first on-duty officer to respond […]

Mark Everson, commissioner of the [tag]Internal Revenue Service[/tag], is proposing that corporations stop offering [tag]stock options[/tag] to Chief Financial Officers. The recent [tag]option backdating[/tag] problems are fueling his comments, and he says that CFOs are already rich and shouldn’t have […]

The Securities and Exchange Commission has issued guidance for companies that need to correct errors for prior period financial statements. At issue is materiality. While an error in one year may not be material, a build-up of similar errors over […]

In researching multi-level marketing (MLM) opportunities, I found some common threads that bothered me. MLMs are generally legal, while pyramid schemes are generally illegal. Yet if the MLM business opportunities are legal, why would I be interested in researching them […]

Is this a fraud committed against an innocent citizen, or what? Clark Howard highlighted this story on his website. Matthew Shinnick went to Bank of America to verify the validity of a check he received for someone who bought two […]

On Friday, Cingular Wireless filed a lawsuit against CAS Agency Inc. in U.S.District Court in Atlanta. Cingular claims that the company fraudulently accessed the records of one of its cutomers during the [tag]investigation [/tag]of the Hewlitt-Packard board of directors information […]