_________::::___#448 - July 20, 2007________________
FRAUDBARON.com
The Anti-Fraud Professionals'
Source for Fraud News
#448 Updated: 7/20/07 10:17 a.m.

Lehman, Lenders Pay $149 Million to Settle Enron Suit
Lehman Brothers Holdings Inc., Northern Trust Corp. and 70 other lenders will pay
$149.2 million to settle an Enron Corp. lawsuit seeking the return of debt
repayments it made five weeks before filing bankruptcy.   Full story,
bloomberg.com

Grant Thornton Resigns Usana Gig
Usana Health Sciences said that Grant Thornton has resigned as the independent
accounting firm for the company, which markets vitamins and nutritional
supplements through a network of distributors.   Full story, webcpa.com

US clarifies anti-money laundering enforcement rules
U.S. regulators on Thursday issued guidance to clarify when banks will be slapped
with cease-and-desist orders for failing to report possible money laundering
transactions.   Full story, reuters.com

Student loan firm's practices draw scrutiny
Loan industry watchdogs question whether the company, EduCap, operates in
the best interests of students and should retain its nonprofit status.   Full story,
sfgate.com

Quick: How Many CFOs Have Been Convicted?
At least 53 in the past 5 years, along with 214 CEOs, according to the Presidential
Corporate Task Force's accounting of fraud enforcement.   Full story, CFO..com