_________::::___#390 - April 5, 2007________________
FRAUDBARON.com
The Anti-Fraud Professionals'
Source for Fraud News
#390 Updated: 4/5/07 10:22 a.m.

Barge case could sail again
Three former Merrill Lynch & Co. executives whose Enron-related fraud and
conspiracy convictions were overturned last year will be retried in January unless
a plea deal or settlement can be worked out, attorneys said Wednesday.

Anschutz to testify on Nacchio's behalf in insider trading trial
Billionaire Philip Anschutz, who hired Joe Nacchio to turn Qwest Communications
into a major telecommunications company, has been chosen to kick off the
defense's case in Nacchio's insider trading trial.

Former financial adviser faces 20-year sentence for fraud
A former financial adviser who was the focus of an investigation by the state
Department of the Secretary of State has pleaded guilty to securities violations
and was sentenced to at least 20 years in prison.

Accounting fraud case dropped against LA executive
Federal prosecutors have dropped charges against a former regional vice
president of a Florida-based health software and services firm who was accused
of inflating the company's earnings over a four-year period.

Three plead guilty in Fruit of the Loom fraud case
Prosecutors said the trio got contracts from Kalen Watkins, the former
environmental manager at Fruit of the Loom, for work that was never performed,
then paid kickbacks to Watkins.

Board knew of Conrad Black's payments, jurors told
Defense lawyers at Conrad Black's criminal fraud trial sought to show jurors on
Wednesday that the board overseeing his former company approved tens of
millions of dollars in payments that prosecutors say the fallen media baron and his
co-defendants stole.