Archives
_________::::____#83 - December 09, 2005_________________
Updated:  12/9/05 1:39 p.m.

12/08/05 Gemstar Ex-CEO Didn't Falsify Ad Sales, Lawyer Says - Henry Yuen
'understood when to stop,' the defense says in opening arguments. He is accused
of misleading investors by inflating revenue.

12/09/05 Former HealthSouth Officer Owens Gets Longest Sentence in Fraud -
William T. Owens, who wore a wire to help the FBI uncover a $2.7 billion fraud at
HealthSouth Corp., was sentenced to five years, the longest prison term given a
defendant in the scandal, by a judge who called the acquittal of Owens's boss,
Richard Scrushy, ``a travesty.''

12/08/05 Statements made by Fastow unsealed - Statements that Andrew
Fastow, Enron's former chief financial officer, made in secret to aid his wife's
criminal case were unsealed Wednesday and may benefit his ex-bosses.

12/08/05 Ethics Hotline - A Critical Tool for Protecting Investments - Corporate
Resolutions Inc. (CRI), a New York City firm that conducts background checks and
corporate investigations, announces the launch of its Ethics Hotline - a vehicle for
private companies to allow their employees to anonymously and confidentially
report suspicions of fraud, sexual harassment, misappropriation of funds or
unethical business practices.

12/08/05 Mortgage Scams Rising Along With Home Prices - It was a scam undone
by bad credit reports. Lenders refused home loans to several Florida A&M
University graduates because foreclosures had killed their credit scores. Just one
problem: None of the applicants had ever seen or owned any of the foreclosed
homes.

12/07/05 More U.S. SEC book-cooking actions hit Fortune 500 - The U.S. Securities
and Exchange Commission -- once hopelessly outgunned by big business -- each
year is bringing more financial reporting actions involving the Fortune 500
corporate elite, officials said on Wednesday.
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