The first winner of my all-time favorite television show, Survivor, is on trial for alleged tax evasion. Richard Hatch is accused of not reporting to the IRS his earnings from Survivor, as well as not paying taxes on other income. […]
A government-wide analysis of the threat of money laundering in the United States has been released. Sixteen government agencies participated in assembling the data, including the Departments of Treasury, Justice, Homeland Security, the Board of Governors of the Federal Reserve […]
William Joachim of West Phoenix had been arrested on suspicion of using Brett Favre’s credit card over 40 times. He was arrest on four felony charges related to identity theft. Two other men were also arrested in the case, and […]
After 10 long years, a small company in New Hampshire has been cleared to continue using the name Charbucks for its coffee. The New York federal court ruled that the market would not be confused between Starbucks and Charbucks, and […]
Yesterday it was reported that a man in New Mexico caught a mouse in his house, threw it on a pile of burning leaves, and the flaming mouse ran back into the house. The house completely burned down. Today it […]
Thomas Coughlin, the former Vice Chairman of Wal-Mart Stores Inc. will plead guilty to federal charges of wire fraud and tax evasion. He was accused of stealing $500,000 through the improper use of gift cards and expense reimbursements. Mr. Coughlin’s […]
The U.S. Department of Housing and Urban Development (HUD) announced today that over 28,000 home mortgages were approved and federally insured with forged underwriting approvals by lender ABN AMRO Mortgage Group of Ann Arbor, Michgan. From 2000 to 2003, ABN […]
The Milwaukee office of PriceWaterhouseCoopers has settled a lawsuit over its audits of two collapsed Heartland Advisors Inc. mutual funds for $8.25 million. A judge will still have to approve the settlement, and that is not expected to happen before […]
The unregulated broker-dealer unit of Refco Inc., Refco Capital Markets Ltd, says it owes customers about $4.16 billion. This is $486 million more than previously estimated by the parent company. Refco Inc. has filed for bankruptcy protection, and in those […]
The New Yorker recently printed a commentary on Sarbanes-Oxley. While the legislation was viewed by politicians as an important step toward protecting investors from fraud, corporate executives aren’t so impressed. Corporate executives believe that the high cost of implementing the […]
