Archives
_________::::____#230 - August 3, 2006________________
230 Updated: 8/02/06 6:35 p.m.

08/02/06 Fake Web sites: Don't buy into the lie
Your e-mail inbox probably overflows with eager offers to part you and your
money. Many are from scammers looking to score information so they can dip their
greedy fingers into your bank accounts.

08/02/06 Publisher Blames Finance VP for Errors
An audit committee investigation at ProQuest found that certain deficiencies in
internal controls allowed a former finance executive to increase current-period net
income.

08/02/06 Whistleblower Programs Experience Resurgence, but Audit Committees
Still Struggle with the Best Way to Handle Complaints
The Sarbanes-Oxley Act breathed new life into whistleblower programs for public
companies in the U.S. Not only did the Act hand audit committees the
responsibility for setting up processes to deal with complaints related to financial
reporting, it required them to guarantee confidentiality and anonymity to any
employee who blew the whistle.

08/02/06 China Bank Regulator Finds $1B in Crimes
Auditors have uncovered 8.2 billion yuan (US$1 billion; euro800 million) in financial
crimes at Chinese banks and have punished 1,887 people in a crackdown
launched last year, the country's banking regulatory agency said Wednesday.

08/02/06 Defense contractor pleads guilty to fraud
A military contractor that manufactures fiber optic connectors for Army
communication systems and Patriot missile launchers pleaded guilty to fraud
Wednesday, admitting that it submitted falsified product tests to the Pentagon

08/02/06 SEC files fraud charges against Beverly Hills man
The Securities and Exchange Commission has filed civil fraud charges against
Beverly Hills resident Nicholas Czuczko, accusing him of unfairly profiting by
promoting stocks on www.thestockster.com.
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