Archives
_________::::____#177 - May 10, 2006________________
#177 Updated:  5/9/06 6:43 p.m.

05/09/06 Credit Suisse to Pay Enron $90 Mln to Settle Suit
Credit Suisse Group, Switzerland's second-biggest bank, agreed to pay $90 million
to Enron Corp. to settle a lawsuit related to the energy company's bankruptcy.

05/09/06 Federal Agents Raid U.S. Army Contractor in Fraud Investigation
About 70 federal agents raided a nonprofit company in Texas that provides the
U.S. Army with combat uniforms and suits used in Iraq to protect soldiers during
chemical warfare.

05/09/06 SC man pleads gulty in first 9/11 fraud conviction outside NYC
A month after the Sept. 11, 2001, terrorist attacks, Singleton applied for loans
from the Small Business Administration claiming the attacks led his primary lender
to stop loaning to his business and reduced his car rental business

05/09/06 Lincoln County Woman Pleads Guilty To Mail Fraud
A rural Lincoln County woman accused of diverting nearly $900,000 from her
legally blind employer has pleaded guilty to a federal mail fraud charge.

05/09/06 IRS Targets Down-Payment-Assistance Scams
Organizations that provide seller-funded down-payment assistance to home
buyers do not qualify as tax-exempt charities, the Internal Revenue Service said in
a ruling last week.

05/09/06 Fannie to Spend $800 Mln on Restatement; Finds Errors
Fannie Mae, the biggest source of money for U.S. home loans, said it will spend
$800 million this year on accountants and lawyers to correct $10.8 billion in
bookkeeping mistakes, bringing the total bill to $1.37 billion.

05/09/06 Gemstar Ex-CEO Ordered to Pay $22 Million
''Yuen's profits while he was carrying out this fraud were phenomenal by any
definition,'' says an SEC official.

05/08/06 GAO: Sarbanes-Oxley Costs Are High
A new report by congressional auditors finds that the costs for public companies
to comply with a 2002 anti-fraud law have been higher than anticipated, providing
ammunition to business interests that have been complaining about the law's
impact.

05/08/06 NY Attorney General expands H&R Block lawsuit
New York Attorney General Eliot Spitzer on Monday expanded his lawsuit against
H&R Block Inc. (HRB.N: Quote, Profile, Research), adding additional evidence of
fraudulent marketing of individual retirement accounts.
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