Archives
_________::::____#48 - October 14, 2005_________________
Updated:  10/14/05 1:57 p.m.

10/14/05 Bank of China dismisses 8 for financial fraud - The Bank of China (BOC)
said Friday it had dismissed eight people involved in a grave financial fraud case
that occurred early this year at its Hesongjie sub-branch in Harbin, capital of
China's northernmost Heilongjiang Province

10/14/05 Refco shuts down main business - Refco Inc. began shutting down its
main business on Friday, as fraud charges against the former chief executive
threatened to topple the largest U.S. independent commodities brokerage.

10/14/05 Hurricane Katrina leaves flood of fraud cases - Hurricane Katrina has
spawned a second big flood that is surging well beyond the Gulf Coast:
thousands of cases and complaints alleging fraud.

10/13/05 State, federal agencies handling thousands of fraud claims -Mississippi
and federal agencies have fielded thousands of fraud claims related to the
recovery from Hurricane Katrina.

10/13/05 Police to target billion pound fraud scam  - Police unveiled plans on
Thursday to crack down on consumer scams like Internet auction frauds and
bogus prize draws which it said cost Britons up to 1 billion pounds a year.

10/13/05 Sarbox ABCs for the Rank and File - Concerned about compliance costs,
companies are training employees in the ins and outs of Sarbox internal-controls
rules.

10/13/05 SEC Accountant Praises Reforms - Reforms stemming from corporate
accounting scandals in recent years have given investors better information on
public companies, but more candor and simplicity still are needed in financial
reports, the chief accountant of the Securities and Exchange Commission said
Tuesday night.

10/11/05 Forger with 130 identities is jailed for £1m bank account fraud - A
master forger who created 130 separate identities for himself and opened almost
500 bank accounts to carry out a £1 million fraud was jailed for five and a half
years yesterday
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