_________::::___#442 - July 9, 2007________________
FRAUDBARON.com
The Anti-Fraud Professionals'
Source for Fraud News
#442 Updated: 7/9/07 10:25 a.m.

PwC Settles Tyco Case for $225M
Plaintiffs in the case against Tyco had charged that PwC was in a position to
notice that Tyco had allegedly overstated its income by $5.8 billion between
December 1999 and June 2002.  Full story, CFO.com

Katrina fraud swamps system
Federal agents investigating widespread fraud after the Gulf Coast hurricanes in
2005 are sifting through more than 11,000 potential cases, a backlog that could
take years to resolve.  Full story, USAToday.com

FIVE QUESTIONS WITH OLGA KUCERAK
Mortgage brokers' leader sees progress against fraud.   Full story, Houston
Chronicle

Research Finds Red Flags to Uncover Accounting Fraud
Growth companies suffering deteriorating operating performance are most likely
to cook their books, according to an analysis of enforcement releases by Patricia
Dechow, an accounting professor at the University of California, Berkeley's Haas
School of Business.  Full story, smartpros.com