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| _________::::____#118 - February 13, 2006________________ |
| #118 Updated: 2/13/06 9:27 a.m. 02/11/06 IRS Announces 'Dirty Dozen' Tax Scams The Internal Revenue Service issued the 2006 "Dirty Dozen" -- the annual round-up of some of the most notorious tax scams. 02/11/06 CFOs Seek Sarbox Triage Many would prefer a risk-based strategy of Sarbanes-Oxley compliance that would dispense with the ''checklist'' approach and enable them to channel corporate energies toward the most serious problems. 02/11/06 Restaurateur pleads guilty to tax evasion, mail fraud A District restaurant owner charged with pocketing money his customers paid in sales taxes pleaded guilty yesterday to tax evasion and federal mail-fraud charges. 02/11/06 Attorney general and FBI to probe debit card fraud The FBI and the California attorney general's office said Friday that they're investigating a far-reaching case of fraud in which debit card numbers belonging to as many as 200,000 consumers were stolen by an international counterfeiting ring. 02/10/06 Bond-Default Dollar Volume Soars With six corporate issuers posting multi-billion dollar bond defaults in 2005, a precipitous rise in default-related dollar volume will refocus investors on credit quality, a new report from Moody's Investor Service contends. 02/10/06 Ethics Office Opens in San Diego San Diego's inaugural Office of Ethics and Integrity opened Thursday, a move Mayor Jerry Sanders said would address an ongoing "ethical crisis" at City Hall. 02/10/06 Hollinger ex-chairman Black wants speedier trial Former media tycoon Conrad Black, appearing in federal court to assess progress in the fraud and racketeering case against him, said on Friday he wished his trial was sooner rather than later. 02/10/06 Study: New FASB Pension Rule Could Cost $180B Changes in the accounting rules for pensions that are expected to be proposed by the Financial Accounting Standards Board next month could cost the largest companies billions of dollars, according to analysis by HR firm Towers Perrin. 02/10/06 Second Mistrial Declared in Cendant Case For the second time in 13 months, the proceedings against former Cendant Corp. chairman Walter Forbes ended in a mistrial after jurors could not come up with a unanimous verdict after 27 days of deliberations, reported Bloomberg. Forbes faces federal charges that he led the largest accounting fraud of the 1990s. |