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_________::::____#165 - April 24, 2006________________
#165 Updated:  4/23/06 8:38 p.m.

04/24/06 Report Questions 404 Exemption Plan
Less than 10 percent of accelerated filers self-reported control problems the year
before Section 404 of the Sarbanes-Oxley Act was required, according to a new
report.

04/23/06 Freddie Mac Settles Suit for $410 Million
Shareholders sued after the mortgage-finance company's board found that
executives had smoothed earnings through improper accounting, leading to a
restatement.

04/23/06 Ex-CEO Lay will testify in Enron trial
Enron Corp. founder Kenneth Lay has embraced myriad roles in his life: economist,
business visionary, Houston booster, philanthropist and smooth political
gladhander among them. On Monday, he'll become his most important witness.

04/23/06 Man arrested for allegedly pointing laser at police helicopter
Kontos is a suspect in the embezzlement of more than $1 million in funds from a
condominium association where he once served as president in 2002 and 2003.

04/23/06 Hands in the till: Some town officials succumb to fraud
At the town office in Madison, the numbers were off by $255,000, while in
Manchester the discrepancy found in the town accounts came to $212,000.

04/22/06 Former CEO sentenced to 20 years in Walworth County fraud case
The central figure in the region's largest fraud and embezzlement scheme, which
led to the theft of millions of dollars from a Waukesha developer, was sentenced
Friday to 20 years in prison, the maximum allowed.

04/22/06 Company executives accused of defrauding banks
Yesterday, federal prosecutors announced that three former executives of
Kleinert's had been indicted on charges of defrauding $35 million from banks by
hiding the company's financial troubles to maintain loans.
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