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_________::::____#149 - March 31, 2006________________
#149 Updated:  3/31/06 1:36 p.m.

03/31/06 China's Guangdong Kelon minority shareholder sues Deloitte - report
A minority shareholder in Guangdong Kelon Electrical Holdings Co Ltd (SZA
000921; HK 0921) is suing Deloitte for issuing an audit report on Kelon that did
not expose falsified accounts, the official Shanghai Securities News said.

03/31/06 SEC Must Refile Two Claims Vs. Nacchio
federal judge on Thursday dismissed two claims the Securities and Exchange
Commission made in its civil fraud lawsuit against former Qwest Communications
CEO Joseph Nacchio but gave the agency two weeks to refile with more specific
language.

03/31/06 Netopia, CEO, ex-CFO settle SEC accounting charges
Two former Netopia Inc. sales executives were charged Wednesday by the
Securities and Exchange Commission with arranging secret side deals to
fraudulently boost the broadband and software company's revenue.

03/31/06 Barge verdicts may not stand
An appeals court decision to release one of the Enron Nigerian barge defendants
from prison may be a sign that his guilty verdict — and possibly those of others
convicted in the case — will be overturned, according to attorneys familiar with the
case.

03/31/06 Enron's Skilling and Lay to take the stand
The opening act is finished in what has been billed as the business trial of the
century — the government's case against former Enron CEOs Ken Lay and Jeff
Skilling.

03/30/06 Computer cops fight insurance fraud
Alex Motamedi was an American success story. Starting with a small body shop,
he built a chain of medical clinics and law firms from California to Florida that
processed a total more than $10 million worth of insurance claims.

03/30/06 AICPA Testifies Before Congress on XBRL
Barry Melancon, president and CEO of the American Institute of CPAs, on
Wednesday testified before Congress on the need for eXtensible Business
Reporting Language (XBRL), a new financial reporting model that gets information
into the hands of investors faster.

03/30/06 Insider lawsuit is familiar
The Securities and Exchange Commission this week charged that a Palo Alto drug
executive illegally made $680,000 trading on inside information about his company.


03/30/06 California ex-con: Seniors favored targets of investment scams
Take it from one who knows: Senior citizens increasingly are being bilked in
investment scams and they need to be vigilant, reformed California con man Barry
Minkow told senators Wednesday.
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