Archives
_________::::____#195 - June 6, 2006________________
#195 Updated: 6/05/06 9:21 p.m.

06/06/06 Austrian Bank Will Pay $675M for Refco Collapse
Austrian bank Bawag P.S.K. Group has agreed to pay $675 million to resolve a
federal investigation of the bank for its part in the Refco Inc. scandal, the
Securities and Exchange Commission announced.

06/06/06 KPMG Settlement for $154M Gets Green Light ; Wealthy Investors Sued
Accounting Firm Over Tax Shelters
New Jersey, June 6, 2006 (The Record, Bergen County, NJ) — A U.S. judge
approved a $154 million settlement between KPMG LLP, the No. 4 U.S. accounting
firm, and 250 investors who sued it over tax shelters found to be improper.

06/06/06 What Do Users of Private Company Financial Statements Want?
The users of private company financial statements are looking for accuracy,
comparability and more information, according to a new report released by
Financial Executives Research Foundation, the research affiliate of Financial
Executives International (FEI).

06/05/06 Parmalat fraud hearings open in convention centre
A judge opened hearings on Monday to decide whether 64 people should stand
trial for fraud in Parmalat's collapse, convening the proceedings in a huge
convention centre to allow irate small savers to attend.

06/05/06 Former HealthSouth CFO Settles with SEC
Although he wore a wire to tape conversations with Richard Scrushy, William
Owens still faces five years in prison.
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