Archives
_________::::____#59 - November 2, 2005_________________
Updated:  11/2/05 12:09 p.m.

11/01/05 SEC to Begin Random Checks of Investment Firms - The Securities and
Exchange Commission will begin random annual visits to investment advisors,
instead of its usual five-year visits, a ccording to published reports.

11/01/05 KPMG Settlement Gets Preliminary Approval - A federal judge on Monday
gave preliminary approval to a $225 million settlement that accounting giant KPMG
LLP and a law firm have reached with about 275 former clients who used its tax
shelters, lawyers in the case said.

11/01/05 Mile High Capital Group Put Into Receivership - The troubled multifamily
developer Mile High Capital Group Ltd. has been put into receivership in the wake
of a complaint filed in Denver District Court by Colorado Securities Commissioner
Fred Joseph, alleging that Mile High violated the Colorado Securities Act "in
connection with Mile High's efforts to borrow money from the general public in
Colorado," according to the commissioner.

11/01/05 88% Conviction Rate in Landmark Financial Crime Investigation -   
Federal prosecutors have secured convictions against 88% of the 56 people
arrested three years ago in one of the biggest- ever investigations into financial
crime, known as Operation 'Bermuda Short'.

11/01/05 Tyndale ex-chief acquitted of fraud - The former president of a defunct
Oakland County Christian college was acquitted of charges he defrauded the U.S.
Department of Education out of more than $300,000.

11/01/05 Dynegy's Olis Gets 24-Year Fraud Sentence Overturned - A federal
appeals court threw out the 24-year prison sentence of Jamie Olis, the former
Dynegy Inc. tax executive convicted of accounting fraud in 2003, and ordered him
to be re-sentenced.
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