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| _________::::____#120 - February 15, 2006________________ |
| #120 Updated: 2/15/06 9:02 a.m. 02/15/06 China: Govt mounts fight against massive money embezzlement Shanghai Stock Exchange (SSE), one of China's two stock exchanges, is determined to redouble efforts this year in curbing massive embezzlement that has been plaguing the listed companies in the country 02/15/06 Witness: Skilling's pressure fed stock deception The former head of Enron's broadband business told jurors Tuesday that his mentor and friend Jeff Skilling pressured him to make his division appear to the public to be growing, even while the unit was in fact laying people off and had no revenues. 02/15/06 Skilling wanted giant boat post-Enron--former exec Former Enron CEO Jeffrey Skilling planned to sail around the world in a large boat that could hold cars and even a helicopter after he left Enron, a former top executive testified on Tuesday. 02/15/06 German Bank to Pay $29M for Tax Fraud A German bank charged with tax fraud will pay $29 million after admitting it helped wealthy Americans dodge taxes over a seven-year period, its lawyers have agreed in court. 02/14/06 New York focuses antitrust probe of record labels New York State Attorney General Eliot Spitzer has sent record labels a new round of subpoenas in his investigation of online-music pricing, music industry sources said Tuesday. 02/14/06 Former Refco customer VR Capital says was duped One of Refco's biggest customers said on Tuesday that the bankrupt brokerage had duped him into thinking his firm's assets were being held in his account, when in fact Refco was borrowing against them. |