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_________::::___#296 - November 9, 2006________________
FRAUDBARON.com
The Anti-Fraud Professionals'
Source for Fraud News
#296 Updated: 11/9/06 7:32 a.m.

'Big Six' Call for a New Way of Auditing, Financial Disclosure
The Big Four, plus major audit players Grant Thornton and BDO International,
have joined forces to call for a new business reporting model.

Tyco's Kozlowski Selling Mountain Mansion in Colorado
L. Dennis Kozlowski, the imprisoned former chief executive officer of Tyco
International Ltd., is selling his Colorado mountain mansion for $10 million to raise
money for fines and restitution, court documents show.

Shareholder Steps Up Fight With NY Times
A dissident investor is escalating a showdown with the New York Times Co.,
seeking steps that would lessen the Sulzberger family's control over the storied
newspaper company.

Ex-Livedoor chief denies he knew of fraud
Takafumi Horie, the founder and former chief executive of Japanese Internet firm
Livedoor, told a court on Tuesday he knew nothing of the accounting problems
that led to his arrest for fraud in January, blaming the market-shaking scandal on
his top financial adviser.

U.S. Foodservice's Mark Kaiser Convicted in Royal Ahold Fraud
Mark Kaiser, the former marketing chief of Royal Ahold NV's U.S. unit, was
convicted of conspiracy and securities fraud for helping lead an $800 million
scheme involving promotional rebates at the supermarket owner.

Chinese banks report fewer fraud cases in first nine months
China's commercial banks reported 67 fraud cases in the first nine months of the
year, a decrease of 30 cases over the same period of 2005, Liu Mingkang, the
chairman of the China Banking Regulatory Commission (CBRC) has said.

Proper Nurturing Of Whistleblower Hotlines
Whistleblower hotlines may be one of the more demanding details of compliance
with the Sarbanes-Oxley Act, but it turns out that the proper care and nurture of
such hotlines does deliver a nifty boost to corporate-governance efforts.