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| _________::::____#99 - January 6, 2006_________________ |
| #99 Updated: 1/5/06 10:34 a.m. 01/05/06 Firms Settle Federal Travel Charge Claims Big Four firms Ernst & Young and KPMG, along with consulting concerns BearingPoint and Booz Allen Hamilton, agreed to pay $25.6 million to settle claims that they had overcharged the government for travel expenses. 01/05/06 Universal Life settles with New York for $2 mln New York Attorney General Eliot Spitzer and the state's insurance regulator reached a $2 million settlement with Universal Life Resources, a closely held insurance and benefits consulting firm accused of fraud 01/06/06 Beaver County CPA pleads guilty in fraud scheme A Beaver County accountant pleaded guilty yesterday in federal court to stealing more than $11 million from clients. 01/05/06 Homebuilder pleads guilty in $2 million fraud case The former owner of a luxury homebuilding business pleaded guilty Thursday to defrauding homeowners and subcontractors in the Twin Cities of more than $2 million, the Hennepin County Attorney's Office said. 01/05/06 Cendant Jury Reports Deadlock at Forbes Fraud Retrial Jurors at the retrial of former Cendant Corp. Chairman Walter Forbes told a judge today that they are deadlocked on accounting fraud charges, setting the stage for a second mistrial. 01/05/06 InvestSmart warns of new fraud scheme Montanans are receiving letters from an individual claiming to be a promotions manager for RBC Financial Group in Calgary, Alberta, a news release said. The letters include a check in the amount of $3,500 drawn on a bogus bank account. 01/05/06 Financial statement fraud in the Katrina aftermath Hurricane Katrina altered lives forever. Thousands of displaced survivors have lost their jobs as businesses struggle to survive. However, other opportunistic firms shamelessly have taken advantage of the disaster by altering their financial statements. Here's how auditors and fraud examiners can find this hidden crime. 01/04/06 Leading Anti-Fraud Organization Appoints Grossfeld CEO Today the Association of Certified Fraud Examiners announced the appointment of Scott J. Grossfeld, CPA as Chief Executive Officer. Grossfeld assumes the leadership role of the organization following his service as the ACFE’s CFO. 01/03/06 Two plead guilty in mortgage fraud Two loan processors have agreed to plead guilty to fraud and other charges in the federal probe into mortgage fraud involving low-priced homes in Greater Cincinnati. |
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