Bill Mortimore, the founder and former chief executive of [tag]Merge Technologies[/tag] Inc., has been named interim chief executive officer. This follows the resignation of CEO Richard Linden, who resigned after problems with the company’s financial statements were found and the […]
Daniel Petrocelli, the lead defense attorney for former Enron president Jeffrey Skilling, tried to convince the jury on Tuesday to acquit Skilling and Kenneth Lay of all charges stemming from the company’s failure and alleged accounting fraud. He claims that […]
Lucky me! My social security number, along with my name and address, have been compromised by the [tag]American Institute of Certified Public Accountants[/tag] ([tag]AICPA[/tag]). They say that a computer of theirs failed, and someone sent out the hard drive for […]
The mortgage industry lost over $1 billion dollars to mortgage fraud last year, with the dollar losses doubling between 2004 and 2005. Contributing to the fraud problem are deceptive sellers, overtaxed buyers, builders who need to unload inventory, dishonest loan […]
Kathryn Ruemmler, one of the federal prosecutors active in the trial of former Enron executives Kenneth Lay and Jeffrey Skilling, told the jury in closing arguments that the defendants lied “over and over and over again” to investors and employees. […]
Nancy Paquette, an insurance agent with American Family Insurance, committed fraud in order to become one of the company’s top agents. She opened policies without the consent of people to boost her sales figures. A coworker suspected something was wrong […]
The [tag]Association of Certified Fraud Examiners[/tag] puts on the largest anti-fraud conference in the world each July. This year the meeting is in Las Vegas, and I expect 2,000 attendees. I’ve been ask to present on marketing a [tag]fraud[/tag] examination […]
UnitedHealth Group Inc. may have to [tag]restate[/tag] some financial data as a result of [tag]improper accounting[/tag] related to the grant of [tag]stock options[/tag]. All told, the changes and loss of some tax benefits may mean a reduction of $286 million […]
The “Survivors’ Staircase”, the only remaining above-ground portion of the Twin Towers, might be demolished to make way for a new office tower. This Vesey Street staircase was the path to survival for many fleeing the World Trade Center on […]
Daniel Biechele, the former band manager whose pyrotechnics caused the February 2003 Rhode Island nightclub fire that left 100 dead, was sentenced to four years in prison. The families of victims were hoping for more prison time, since the maximum […]
