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| _________::::____#152 - April 5, 2006________________ |
| #152 Updated: 4/4/06 5:48 p.m. 04/04/06 Grasso says testimony handed over to Spitzer's office Former NYSE Chairman Richard Grasso on Tuesday said that a transcript of testimony he gave last year to the U.S. Securities and Exchanges Commission had been handed to New York Attorney General Eliot Spitzer's office. 04/04/06 China Sentences Repatriated Banker A Chinese court has sentenced a former banker repatriated from the United States to 12 years in prison for embezzlement, state media reported Monday. 04/04/06 Former American Power Conversion employee sentenced for embezzlement A former senior buyer and planner for American Power Conversion was sentenced to 27 months in prison and ordered to pay $987,486 in restitution for embezzlement from the company. 04/04/06 Business ethics on the rise, study shows Enron, Arthur Anderson, WorldCom, Tyco and Adelphia are just a few of the companies that have caused people to question the ethics of today's business industry. 04/04/06 Enron's Skilling nixed Fastow maneuver - witness A former top Enron deal maker said on Tuesday former CEO Jeffrey Skilling blocked a bid by the company's financial chief to receive preferential treatment in bidding for Enron assets that were for sale. 04/04/06 Kissel, Brother of Murdered Banker, Found Stabbed, Dead in U.S. Andrew Kissel, the U.S. real estate developer charged with fraud, forgery and theft, was found dead in his home with multiple stab wounds, less than three years after his brother was murdered in Hong Kong. 04/04/06 Coming Clean about Bribery Because of their need to comply with Sarbox internal-controls rules, companies are spotting and reporting more violations of the Foreign Corrupt Practices Act. 04/04/06 Sarbanes-Oxley Disclosure Law Targeted by Starr in Factor Suit Mallory Factor, who is suing to abolish the U.S.'s auditing-oversight board, doesn't hide his real target: the 2002 law aimed at preventing accounting frauds like the ones that brought down Enron Corp. and WorldCom Inc. |