Archives
_________::::____#91 - December 23, 2005_________________
#91 Updated:  12/23/05 11:38 p.m.

12/23/05 Lay, Skilling Stand Trial as Enron-Inspired Rules Face Backlash -  The
judge who gave Bernard Ebbers 25 years in prison for committing the biggest
corporate fraud in U.S. history realized the former head of WorldCom Inc. would
probably die there.  Bloomberg

12/23/05 China to Put NY Times Researcher on Trial  -  Prosecutors have filed
an espionage case against a Chinese researcher for The New York Times and his
trial could begin within six weeks, his defense lawyer said Friday. Forbes

12/23/05 Accounting profession says auditor's role is not to investigate fraud -
The accounting profession has once again been placed under the spotlight in the
past week after a report showed that auditors had failed to uncover irregularities
at the National Kidney Foundation despite repeated audits. ChannelNewsAsia.com

12/21/05 Homebuilder sentenced to 27 months in prison for fraud -  A
Charlotte-area homebuilder was sentenced to more than two years in prison for
his role in a mortgage fraud scheme that the government said cost lenders $3.7
million. myrtlebeachonline.com

12/21/05  L.A. man pleads guilty to fraud scheme targeting Korean-Americans  
-  A 35-year-old man charged in a scam that swindled primarily Korean-American
investors out of more than $20 million has pleaded guilty to fraud and other
charges, authorities said Wednesday. signonsandiego.com

12/21/05 H&R Block agrees to settle four of five refund suits - H&R Block Inc.
(HRB.N: Quote, Profile, Research), the U.S. tax preparation company, said on
Wednesday it reached an agreement to settle four class-action lawsuits that
claimed it defrauded consumers who took out high-interest, short-term loans
against their expected income tax refunds. Reuters

12/21/05  New Math, New Sentence for Dynegy's Olis -  Appeals court had ruled
that the original 24-year sentence, based in part on investor losses, had been
miscalculated. CFO.com
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