Archives
_________::::____#190 - May 30, 2006________________
#190 Updated: 5/30/06 8:20 a.m.

05/30/06 Daewoo founder sentenced to prison term
A Seoul court on Tuesday sentenced the founder and former chairman of collapsed
conglomerate Daewoo to 10 years in prison for a range of charges including
embezzlement and accounting fraud.

05/26/06 Time Warner, others to pay $23 mln in pension suit
Time Warner Inc. (TWX.N: Quote, Profile, Research) and other defendants
including America Online and Ernst & Young have agreed to pay $23 million to
settle a lawsuit accusing them of defrauding pension and investment funds in
Pennsylvania, the state's Attorney General said on Thursday.

05/26/06 Financial Execs Sentenced in Trust Fraud
Two executives were sentenced Friday to 14 years each in prison for fraud in a
$91 million trust failure that wiped out the retirement money of more than 20,000
investors.

05/26/06 Fannie Mae Board Reverses Stance; CEO Won't Head Probe
Reversing course Thursday, Fannie Mae's chairman said CEO Daniel H. Mudd won't
lead the company's investigation into who should be fired or punished because of
the housing giant's $10.6 billion accounting scandal.

05/26/06 Milberg law firm conduct attacked at KPMG hearing
The conduct of indicted law firm Milberg, Weiss, Bershad & Schulman in a civil
lawsuit against auditor KPMG (KPMG.UL: Quote, Profile, Research) over
questionable tax shelters was so improper that a $154 million settlement in the
case should not go forward, a lawyer told a judge on Friday.

05/26/06 SEC looking at options backdating by McAfee
The reach of a growing stock options scandal continues to grow.
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