| Archives |
| _________::::____#115 - February 8, 2006_________________ |
| #115 Updated: 2/8/06 8:37 a.m. 02/08/06 Ex-Gemstar exec to pay $1.3 mln to settle with SEC The former co-president and chief operating officer of Gemstar-TV Guide International Inc. agreed to pay more than $1.3 million to settle U.S. regulatory charges relating to a scheme to fraudulently inflate company revenues, authorities said on Tuesday. 02/08/06 Nortel to Pay More Than $2.4 Bln in Settlement Deal Nortel Networks Corp., the largest North American telephone-equipment maker, may pay more than $2.4 billion in cash and stock to end shareholder lawsuits stemming from the company's accounting fraud. 02/08/06 Ex-Southfield mortgage firm VP sentenced in fraud A 41-year-old Beverly Hills mother of three who was a vice president at a Southfield mortgage firm that cost investors and a Detroit pension fund $256 million after its collapse was sentenced to two years in prison Tuesday. 02/07/06 AIG May Pay $1.6B to Settle Regulatory Problems Insurer American International Group is expected to announce a settlement with federal and state regulators requiring the company to pay $1.6 billion in order to settle charges covering a range of regulatory issues, according to reports. 02/07/06 Defense Keeps Pressure on Enron's Koenig Management can sometimes go back and ''sharpen its pencil'' to make adjustments, suggests Daniel Petrocelli; ''it's wrong,'' counters Enron's former 02/07/06 Refco IPO underwriters sued by shareholders U.S. investment bank Goldman Sachs Group Inc. (GS.N: Quote, Profile, Research) on Tuesday disclosed that it and other underwriters of Refco Inc.'s August 2005 initial public offering are the subjects of a number of investor lawsuits. 02/07/06 Ex-Enron exec: Company 'wrong' to change earnings An ex-Enron executive testifying against his former bosses Jeffrey Skilling and Ken Lay sparred with a defense lawyer on Tuesday, insisting that it was "wrong" for the company to boost reported earnings to match Wall Street estimates. 02/07/06 SEC finds no fraud, issues no fine in Cummins inquiry Diesel engine maker Cummins Inc. (CMI.N: Quote, Profile, Research) said on Tuesday the U.S. Securities and Exchange Commission ended an informal inquiry into the company's restated recent financial statements finding that the company did not violate anti-fraud provisions of federal securities laws 02/06/06 Crist, Butterworth Join University Presidents to Unveil Anti-Fraud Website A new online national clearinghouse and research center to help fight fraud and other economic crimes has been announced jointly by Florida's Attorney General Charlie Crist, former Attorney General Bob Butterworth, T.K. Wetherell, president of Florida State University and Monsignor Franklin Casale, president of St. Thomas University. |
 | |  | |  | |  | |  |
FRAUDBARON.com
Your Source for Fraud News