Archives
_________::::____#136 - March 14, 2006________________
#136 Updated:  3/13/06 9:59 p.m.

03/14/06
Lay's lawyer takes shot at Fastow
Attorney for Enron founder challenges Fastow's recollection of the company's
woes and how it came to hire Goldman Sachs.

03/14/06
Observers say Fastow held up well on the stand
Having dealt what observers believed were multiple blows to his former bosses
Ken Lay and Jeff Skilling, dishonored former Enron executive Andrew Fastow left
the courthouse late Monday after four days of often brutal questioning.

03/14/06
Employees fear consequences of reporting fraud
Most employees are willing to report evidence of fraud in their workplaces but
fewer than one in 10 would go directly to the police.

03/13/06
Freddie Mac Delays Reports by Two Months
Officials at Freddie Mac announced that the company would delay filing its 2005
financials by two months, until May. However, in a press release, the
second-largest U.S. mortgage-funding company said it needed the extra time to
implement a significant improvement in its method for determining the estimated
fair values of its guarantee assets and guarantee obligations.

03/13/06
Compliance Spending to Reach $27.3B in 2006
Total compliance spending in 2006 will reach $27.3 billion, with $6 billion or 22
percent allocated to the Sarbanes-Oxley Act, according to AMR Research.
Spending will climb even higher in 2007, with companies devoting $28 billion to
compliance initiatives.

03/13/06
Fannie Mae says it has found new errors in accounting review
Embattled mortgage giant Fannie Mae disclosed Monday that it had found
additional errors in the reworking of its accounting ordered by federal regulators.
FRAUDBARON.com
The Anti-Fraud Professionals'
Source for Fraud News