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 […]
Richmond Times-Dispatch By Iris Taylor Call it tax aftershock. You filed your return and now you owe the Internal Revenue Service a bundle of money that you don’t have. You’re panicking because you know if you ignore it, the IRS […]
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. The […]
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 reporting […]
The four men involved in the [tag]tire slashing[/tag] of 25 vans rented by Republicans to help transport voters to the polls in November 2004 have all been sentenced to jail. Milwaukee Circuit Court Judge Michael Brennan said the vandalism was […]
