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| _________::::____#114 - February 7, 2006_________________ |
| #114 Updated: 2/6/06 6:16 p.m. 02/06/06 Enron's Koenig under Cross-examination Previously, during questioning by prosecutors, the former head of investor relations describes the difference between the information available to Jeffrey Skilling and Kenneth Lay and the information served up to investors. 02/06/06 Former Enron exec sobs on witness stand A key prosecution witness testifying against his once-powerful bosses at Enron Corp. broke down in tears on Monday after a defense lawyer accused him of lying to try to protect himself and questioned him about his children. 02/06/06 Former CFO Seeks Shorter Sentence While the individuals involved in the Enron trial take a Friday respite (the court is in session from Monday through Thursday), other corporate cases continue. For example, former HealthSouth chief financial officer William Owens filed a request to get his five-year prison sentence cut in half. 02/06/06 IRS to Change Refund Fraud Program The Internal Revenue Service will revamp a fraud detection program and start notifying taxpayers this spring when freezing their refunds for further examination, the nation's tax collectors announced Monday 02/06/06 Waste Management Exec Found Guilty SEC alleged that the former finance executive had filed false documents and engaged in insider trading. 02/06/06 Sallie Mae Fires CFO SLM Corp., the country's largest provider of student loans, announced that it had fired its chief financial officer and demoted another manager for inflating revenue in a bid to achieve performance goals and collect higher bonuses. 02/06/06 Public shame sought for tax cheats The California Assembly wants to shame the state's biggest tax scofflaws into paying their debt - by publicizing their names and addresses in a last-ditch effort to collect. 02/06/06 JP Morgan currency salesman charged with fraud A JP Morgan foreign exchange salesman has been arrested for making unauthorized trades that resulted in $6 million in losses for J.P. Morgan & Chase Co. (JPM.N: Quote, Profile, Research), prosecutors said on Monday. 02/05/06 If Juror No. 11 is any indication: Look out, defense When prosecutors and lawyers for former Enron CEOs Jeff Skilling and Ken Lay selected a jury in just one day last week, it was seen as a triumph for the punctual, no-nonsense style of U.S. District Judge Sim Lake, who is presiding over their fraud trial. 02/05/06 Brewery owner tied to ‘sham’ firm The owner of the former Olympia brewery is a key player in a company that is the focus of a federal inquiry and that a judge described as “a sham meant to defraud investors,” according to documents obtained by The Olympian. |
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