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| _________::::____#142 - March 22, 2006________________ |
| #142 Updated: 3/21/06 8:08 p.m. 03/21/06 Glisan: Ex-Enron bosses knew of financial woes Speaking with a quick confidence and a matter-of-fact tone, former Enron Treasurer Ben Glisan Jr. told a jury today that the company was debt-ridden, financially weak, that it manufactured cash flow and earnings and his ex-bosses were misleading the investing public about all of it. 03/21/06 Auditors say papers tell of efforts to hide accounting tricks Enron kept key information from outside auditors in order to quietly hide losses and reach earnings goals, a pair of accountants testified Monday. 03/21/06 Former tax preparer who admitted to fraud gets 21/2-year prison term A former Del Mar tax preparer and investment consultant who defrauded clients of more than $2.5 million was sentenced to 2½ years in federal prison yesterday. 03/21/06 SEC charges 11 in squawk box fraud U.S. securities regulators charged 11 more individuals, including a former Merrill Lynch broker, and ex-day traders from A.B. Watley Inc., with fraud Tuesday for participating in a scheme to use "squawk boxes" to get confidential order information from big brokerages. 03/21/06 Compliance Costs ''Easing,'' Says Survey The costs of complying with the Sarbanes-Oxley Act "appear to be easing," according to the Business Roundtable. 03/20/06 Act Now, and Avoid a Restatement The SEC extends an olive branch to companies that correct misstatements of cash flow from discontinued operations. 03/20/06 Ex-Qwest accountant accuses SEC of suing him to push for evidence A former Qwest accountant accused federal regulators Monday of filing fraud charges against him because he did not ``spill the beans'' to their satisfaction against ex-Chief Executive Officer Joseph Nacchio and other former executives. 03/20/06 Parmalat says US judge supports damages claim action against audit firms Parmalat SpA said a US federal judge has said Parmalat is right to pursue its damages claim against former auditors Grant Thornton and Deloitte & Touche not just in Italy but internationally. |