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| _________::::____#112 - February 3, 2006_________________ |
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FRAUDBARON.com
Your Source for Fraud News
| #112 Updated: 2/3/06 2:53 p.m. 02/01/06 Fraud Charges for Former Health-care CFO According to the SEC, Thomas Clark sought to hide the full amount of a settlement expense by simultaneously executing two agreements with a health-care provider 02/01/06 PCAOB: Deficiencies in Grant Thornton, Crowe Chizek Audits In mid-January, the Public Company Accounting Oversight Board issued reports on its 2004 inspections of Grant Thornton LLP and Crowe Chizek & Co. LLC -- outlining "audit deficiencies" similar to other recently released reviews from the board. 01/31/06 Former Citigroup executive agrees to pay $2.7 million to settle SEC insider trading charges A former senior executive of Citigroup Inc. has agreed to pay some $2.7 million to settle insider trading charges brought by the Securities and Exchange Commission, the agency announced Tuesday. 01/31/06 Study: Stock Options Still Manipulated Corporate executives are still manipulating stock options, say researchers at the University of Michigan's Ross School of Business. 01/30/06 United Rentals Lets Execs Go in Accounting Investigation United Rentals, the world's largest equipment rental company, said that it removed three financial officers and fired two other employees after hearing a report from a special committee confirming accounting irregularities within the company. 01/30/06 Execs See Room to Improve Financial Reporting Senior executives say improvements can still be made in several aspects of their company's financial reporting, according to a PricewaterhouseCoopers survey. 01/28/06 Jury Finds Entrepreneur Not Guilty In Fraud Case Hartford entrepreneur and philanthropist Anthony D. Autorino was acquitted of seven federal fraud charges Friday, finally ending a lengthy legal battle over whether he swindled bank regulators out of about $800,000 in stock he used as collateral against bank loans. 01/26/06 AmSouth incentive program challenged For nearly two years, AmSouth Bancorp branch manager Mike Marchand pitched consumer financial products in small towns along the oak-shaded, two-lane highways of southern Louisiana, making the sign of the cross whenever he passed his parish church, St. Theresa of Avila. 01/26/06 N.Y. CPAs, One on the Run, Indicted for $7.5M Tax Fraud Two accountants who failed to pay their own taxes and assisted hundreds of their clients in filing false taxes returns worth about $7.5 million have been indicted, the Manhattan district attorney said. 01/25/06 Fitch '06 Outlook: Calm on the Accounting Front Fitch Ratings expects a calmer 2006 for the global accounting industry following a large number of restatements in 2004 and 2005. |