Archives
_________::::____#132 - March 08, 2006________________
#132 Updated:  3/07/06 4:40 p.m.

03/07/06 Fastow: 'I was being a hero for Enron'
Andrew Fastow considered himself  "a hero for Enron'' for hiding losses and
bolstering earnings for the company through partnership deals he created.

03/07/06 FASB Calls for a Cultural Change
Executives who use accounting-motivated transactions to prop up financial results
are among the obstacles to a principles-based approach, says Robert Herz, the
board's chairman.

03/07/06 Police crack money-laundering scheme in Ramle
Police have arrested 22 people in connection with a money-laundering and tax
evasion scheme worth up to NIS 100 million at a Ramle branch of Mercantile
Discount Bank.

03/07/06 Daimler Discloses Improper Payments
The SEC and the Justice Department are investigating charges that the automaker
used secret bank accounts to bribe government officials, and that senior
executives may have been aware of the practice.

03/07/06 Nine indicted in Medicare billing fraud case
Prosecutors have indicted nine people on numerous charges of fraud, conspiracy
and grand theft stemming from a 15-month investigation into bogus Medicare
billing practices at a Lemon Grove clinic.

03/07/06 Cheating on Taxes Becomes Bigger Taboo
If you knew your neighbors had cheated on their taxes, should you turn them in?
More than three out of five people surveyed by the IRS Oversight Board said you
should.

03/07/06 Oxley: SEC Can Change SOX
Retiring U.S. Rep. Michael Oxley, an author of the Sarbanes-Oxley Act, said the
Securities and Exchange Commission has the legal authority to roll back the 404
provisions for smaller public companies, Reuters reports.
FRAUDBARON.com
The Anti-Fraud Professionals'
Source for Fraud News