Archives
_________::::____#223 - July 18, 2006________________
223 Updated: 7/17/06 8:48 p.m.

07/17/06 RBS close to Enron suit settlement-report
Royal Bank of Scotland (RBS.L: Quote, Profile, Research) is close to settling a
multi-million pound lawsuit brought against it by shareholders in the collapsed
energy firm Enron Corp., the Sunday Telegraph reported.

07/17/06 Eleven Individuals and Four Corporations Indicted on Racketeering,
Conspiracy and Fraud Charges
A federal grand jury in the Eastern District of Missouri has returned a 22-count
indictment charging 11 individuals and four corporations on various charges of
racketeering, conspiracy and fraud, the Department of Justice announced today.
The indictment was returned on June 1, 2006, and unsealed today.

07/17/06  Federal Court Blocks South Carolina Woman's Alleged Tax Scam Said to
Have Cost Treasury an Estimated $48 Million
The Justice Department announced today that a federal judge in Greenville, South
Carolina has permanently barred Heather Alexander Ferguson of Laurens, South
Carolina, from promoting an alleged tax-fraud scheme.

07/17/06 US SEC head sees option timing charges "very soon"
The first civil charges will be forthcoming "very soon" in the stock options timing
scandal involving dozens of U.S. companies, the nation's top securities regulator
said on Monday.

07/17/06 Fastow to Testify Against NatWest Three
Kopper joins the former Enron CFO as a witness for the prosecution in a case that
could send bankers to jail for 10 years.

07/17/06 Study Looks at Scams Targeting Elderly
Elderly victims of investment fraud are more likely to be male, married and have
higher income. Elderly victims of lottery rip-offs are more likely to be female and
living alone. And con artists go after both with more than 1,100 different pitches
aimed at appealing to their vulnerabilities.

07/17/06 2 going to federal prison for check-fraud scheme
Two Providence men have been sentenced to federal prison for their roles in a
fraud scheme that netted $600,000 from Citizens Bank between March and
November last year.

07/17/06 SEC Announces Emergency Action to Halt $15 Million Fraud Against
Senior Citizens
The Securities and Exchange Commission announced today that it filed an
emergency enforcement action to halt a fraudulent real estate investment scheme
that bilked senior citizens and retirees out of millions of dollars since 1996.
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