The CFO of Zale Corp., Mark Lenz has been placed on administrative leave indefinitely. His offense: not disclosing delayed [tag]vendor payments[/tag] done to improve 2005 cash flow. Vendor payments scheduled for the last two weeks of the company’s fiscal year […]
Enron had banking and finance relationships with some of the largest international firms: Credit Suisse First Boston, Merrill Lynch, and Greenwich NatWest to name a few. All of the firms were interested in continuing their business relationships with Enron, as […]
Six current and former employees of Aggregate Industries, the largest supplier of concrete for Boston’s Big Dig were arrested today on charges of [tag]falsifying records[/tag] to cover up the poor quality of their concrete. The [tag]corruption[/tag] charges include making false […]
This was a VERY interesting article about how [tag]pay-per-click[/tag] advertising works, and the possibility for abuse ([tag]click fraud[/tag]). Advertisers can click on the ads of rivals in order to “spend” their rivals’ advertising budgets and knock them off line. People […]
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 that […]
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 gap.
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 to […]
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 be […]
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 Kincaid-Chauncey […]
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 […]
