Archives
_________::::____#50 - October 18, 2005_________________
Updated:  10/17/05 9:59 p.m.

10/17/05 Fraud protection - Ohio State is heeding key components and
recommendations cited in a congressional act by establishing a phone line
dedicated to providing a secure atmosphere for reporting fraud at the university.

10/17/05 Former Skandia Exec Charged With Fraud - A former executive of
Swedish insurer Forsakrings AB Skandia was charged with fraud and bribery
Monday after allegedly taking more than 17 million kronor ($2.2 million) in
company funds to renovate apartments belonging to fellow executives or their
relatives.

10/17/05 Serono to Pay $704 Million, Resolve Charges Over Drug - Serono SA
agreed to pay $704 million, the third-largest health fraud settlement in U.S.
history, and plead guilty to criminal charges over the promotion of its drug
Serostim, used to fight physical wasting caused by AIDS.

10/17/05 Wall Street, AICPA Differ on Auditor Role - After trade groups went public
with auditor guidance outlined by the American Institute of CPAs in a draft white
paper, a number of groups on Wall Street have turned to the federal government
with their own concerns.

10/17/05 KPMG Found Using a Tax Shelter It Sold - The Big Four accounting firm
reportedly employed the strategy — which the IRS later found to be abusive — to
book a $34 million deduction on its 2001 tax return.
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