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_________::::___#297 - November 10, 2006________________
FRAUDBARON.com
The Anti-Fraud Professionals'
Source for Fraud News
#297 Updated: 11/9/06 5:40 a.m.

Fannie's Restatement Tab: $1 Billion
The lender's costs this year for redoing its financials will hit $850 million and the
expense of preparing them will exceed $200 million.

Hartford to pay $55 million to settle SEC charges
Hartford Financial Services Group Inc. has agreed to pay $55 million to settle
federal regulators' charges that three subsidiaries failed to disclose their use of
mutual fund assets to pay for the marketing of funds and variable annuities.

Hedge Fund Mgr's Assets Are Frozen In Fraud Case
Federal regulators on Wednesday filed civil fraud charges against Edward Ehee,
the head of three San Francisco-based hedge funds, accusing him of funneling
millions of dollars from investors nationwide into his own mortgage payments,
vacations and bank accounts.

Martha Stewart to pay $5 mln to settle class action suit
Martha Stewart will pay $5 million to settle a class action lawsuit related to her
securities-fraud trial, Martha Stewart Living Omnimedia Inc. said Wednesday in a
filing with the Securities and Exchange Commission.

UnionBanCal says SEC investigating mutual funds
UnionBanCal Corp. (UB.N: Quote, Profile, Research), the parent of Union Bank of
California, that the U.S. Securities and Exchange Commission was investigating
payments its mutual fund unit received from an outside administrator.

Greenspan Sees Changes in Anti-Fraud Law
Former Federal Reserve Chairman Alan Greenspan said Thursday he expects
newly energized congressional Democrats to ease some accounting requirements
of a landmark 2002 anti-fraud law that much of corporate America has criticized as
overly burdensome.