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| _________::::____#183 - May 18, 2006________________ |
| #183 Updated: 5/17/06 3:22 p.m. 05/17/06 Musicland Stores Corp. investor Alfred Teo Sr. made $18 million by... Musicland Stores Corp. investor Alfred Teo Sr. made $18 million by lying about his stock holdings and also engaged in insider trading before Best Buy Co. bought the company, a U.S. prosecutor said Tuesday at Teo's fraud trial in Newark, N.J. 05/17/06 Pair charged in fraud scheme Two Westlake Village men defrauded dozens of victims of a total of $68 million, then used the money to purchase sports cars, race boats and a $447,000 Ulysses Nardine Genghis Khan model wristwatch, federal investigators said Tuesday. 05/17/06 Jury begins deliberating in Enron trial Jurors began deliberating on Wednesday in the trial of former Enron CEOs Ken Lay and Jeffrey Skilling, who face decades in prison if convicted of fraud and conspiracy in the energy giant's spectacular collapse into bankruptcy and Wall Street scandal. 05/17/06 Shapleigh woman indicted for embezzlement A Shapleigh woman has been charged with embezzling funds over a three-year span from a local real estate agency where she had been employed. 05/17/06 Sarbox Rollback Bill Introduced Lawmakers have introduced a bill to partially roll back Section 404 of the Sarbanes-Oxley Act. 05/17/06 Law Firm Partners Take Leave Amid Probe Two partners at a top New York law firm have taken a leave of absence amid a federal investigation into whether it paid illegal kickbacks to clients in multimillion dollar class-action lawsuits. 05/17/06 'Survivor' Winner Sentenced to 51 Months Richard Hatch, who won $1 million in the debut season of "Survivor," was sentenced Tuesday to 51 months in prison for failing to pay income taxes on his reality TV prize and other earnings. |