Archives
_________::::____#217 - July 10, 2006________________
#217 Updated: 7/9/06 1:07 p.m.

07/09/06 Another Gemstar CFO Settles Charges
Craig M. Waggy, former chief financial officer of TV Guide, the largest subsidiary of
Gemstar, agreed to a cease-and-desist order and a fine of $25,000 for violating
the reporting and record-keeping provisions of the federal securities laws,
according to the Securities and Exchange Commission.

07/09/06 Feds Back Sarbox Whistleblower
David Welch, former CFO turned Sarbox whistleblower, now has the "flag and seal
of the United States" on his side in his battle with Cardinal Bankshares, his
attorney says.

07/09/06 COSO to Release Guidance for Smaller Public Cos.
The Committee of Sponsoring Organizations of the Treadway Commission (COSO),
will release new guidance for smaller public companies during a Webcast on
Tuesday, July 11.

07/09/06 Last two defendants plead guilty to mail, wire fraud in mortgage scheme
Kelly L. Abercrombie started as a teenage bank teller, then moved up through the
financial world to operate a Sarasota mortgage-lending business and dabble in
real estate development. Taya S. Parodo used her college degree in finance to
launch a successful career in title work, including opening her own agency in
Bradenton.

07/09/06 Ex-credit union boss, family charged in fraud
The former chief of a failed credit union and her husband and son were arrested
Friday and charged with using the institution's money as their own and doling out
bogus loans, an FBI agent said.

07/09/06 4 charged in payroll fraud case
An Alameda County employee, her husband and three others face felony grand
theft and conspiracy charges for their alleged role in a payroll scheme that took
more than $140,000 from the In-Home Supportive Services program for disabled
residents.

07/09/06 Judge Orders Berlusconi to Stand Trial for Fraud, Embezzlement
A Milan judge ruled that former Prime Minister Silvio Berlusconi should be tried for
tax fraud, false accounting and embezzlement in relation to the purchase of movie
rights by his media company Mediaset SpA, the ex-premier's lawyer said.

07/09/06 Hedge Fund Fraud Poses `Emerging Threat,' U.S. Regulator Says
Fraud in the $1.2 trillion hedge-fund industry poses an ``emerging threat'' to
investors, the head of the Bush administration's task force on corporate crime said
in an interview.
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