_________::::___#435 - June 20, 2007________________
FRAUDBARON.com
The Anti-Fraud Professionals'
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#435 Updated: 6/21/07 9:31 a.m.

SEC eases rule for foreign accounting
The action by the Securities and Exchange Commission paves the way for a
related change that would allow public companies, when reporting financial
results, to choose between international and U S accounting standards.  Full
article, Boston.com

Prosecutors' rebuttal: Hand over Lay money
Federal prosecutors say they should be allowed to seize nearly $13 million in
ill-gotten cash and property from the widow of former Enron Chairman Ken Lay.  
Full story, Houston Chronicle

Ex-Enron official settles for $300,000
Jeff McMahon, who replaced Andrew Fastow as finance chief during the company's
spiral into bankruptcy in late 2001, neither admitted nor denied wrongdoing as
part of the settlement with the Securities and Exchange Commission.  Full story,
Houston Chronicle

Deloitte Financial Advisory Services Establishes Deloitte Forensic Center
New Think Tank's Mission: Analyze Impact of Fraud and Corruption on Global
Economy.  Press release.

Psychologist pleads not guilty to fraud charges
A federal grand jury indicted Dr. Lorne Allan Semrau, charging him with submitting
$4 million worth of false and fraudulent claims to defraud health care benefits
programs such as Medicare and Medicaid in Tennessee and Mississippi, according
to a press release from U.S. Attorney David Kustoff on Tuesday.  Full article,
Jacksonsun.com