David Bershad, former senior partner at Milberg Weiss & Bershad LLP, has pleaded guilty to conspiracy in federal court. He admitted to concealing secret payment agreements with plaintiffs in class action suits, and will forfeit $7.75 million and pay a […]
Milberg Weiss & Bershad LLP is talking with federal prosecutors about a potential settlement regarding the accusations of improper kickbacks in class-action suits. Milberg partner David Bershad is also in talks with prosecutors about a personal guilty plea. The firm […]
Charles Wang, founder and former chairman of Computer Associations International Inc. ( now CA Inc.) has been accused of fraudulent accounting practices. A special committee of the board of directors has recommended that CA file suit against Wang to recover […]
I’ve heard it before… that since 9/11 all the federal law enforcement officers are working on “Homeland Security” and don’t have time to look at white collar crime. I don’t profess to know the inner workings of all these agencies, […]
The list of companies involved in stock option backdating and related investigations continues to grow. The Wall Street Journal currently lists more than 120 companies under scrutiny, including the likes of UnitedHealth, Broadcom, Apple, and Home Depot. These companies are […]
An investor group has filed a lawsuit in U.S. District Court in Austin, Texas against Dell Inc., accusing the company of improper accounting practices as well as taking kickbacks. The lawsuit alleges that Dell has been inflating its profits by […]
On Friday, Ben Glisan, Enron’s former Treasurer was released from home confinement. He was sentenced to 5 years in prison, but was released from prison and put under home confinement in September. He has served about 2/3 of his original […]
Today a federal judge sentenced former Enron executive Jeffrey Skilling to 24 years and 4 months in prison for his conviction on federal charges of conspiracy, fraud and insider trading. Skilling, 52, was also fined over $18 million for his […]
More Details on the Felony Charges Against Terry Gaouette, Former CFO of the Milwaukee Public Museum
As reported yesterday, the former CFO of the Milwaukee Public Museum has been charged with four criminal counts against him for his part in the raiding of the organization’s endowment fund. Here is a summary of the criminal complaint against […]
Andrew Fastow, former CFO of Enron, was sentenced to six years in federal prison today. Following his prison term, Fastow is required to serve two years of full-time community service. Fastow reached a plea deal in early 2004, in which […]
