• Refco: Enron All Over Again?

    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 […]

  • Milwaukee police officer charged with taking bribes

    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 […]

  • AIG Settles for $1.6 billion

    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 […]

  • Milwaukee County Child Welfare System Contractor Reimbursements Found to be Inappropriate

    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 […]

  • Former Bielinski CFO is sentenced

    Joseph Harvey, the former CFO of Bielinskis Brothers Builders Inc. of Pewaukee was sentenced to two years of federal probation, including six months of home confinement. This sentence follows his guilty plea to charges of aiding and abetting a wire […]

  • The future of Sarbanes-Oxley

    According to the Houston Chronicle, the Free Enterprise Fund filed suit in Federal court this week against the Public Company Accounting Oversight Board (PCAOB). The lawsuit seeks to revoke the authority of the board, based upon the argument that it […]

  • GM’s financial plan

    According to the Wall Street Journal, General Motors is going to cut its $2 per share annual dividend in half, and cut executive salaries. The dividend cut will reduce the cash paid by about $565 million. Cuts are also being […]

  • The Daily Cost of Federal Entitlements

    In fiscal 2005, the U.S. government spent $2.47 trillion. More than half of that, or $1.3 trillion, went for Social Security, Medicare, Medicaid, farm-price supports, and government-employee pensions.

  • AIG to settle for $1.5 billion soon

  • Museum Forensic Audit Will Reveal Corruption, If There Is Any

    WisOpinion.com By Robert Miranda Supervisor James G. White’s resolution calling for Milwaukee County to hire an independent firm to do a forensic audit of the Milwaukee Public Museum finances has been unanimously approved this week by the Milwaukee County Board.