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_________::::___#322 - December 19, 2006________________
FRAUDBARON.com
The Anti-Fraud Professionals'
Source for Fraud News
#322 Updated: 12/18/06 4:52 p.m.

Laramie County woman foils scam
Cheyenne’s Jean Hess has taken the case involving a Nigerian con to the sheriff’s
department.

Accounting Board to Propose Revised Internal-Control Standard
U.S. audit overseers are scheduled to meet on Tuesday to propose a new
standard for auditors to use in assessing internal controls over financial reporting.

Ethics after Enron
Business morals matter for Elizabethtown professors

A&T vice chancellor faces embezzlement charges
An N.C. A&T vice chancellor faces embezzlement charges following an internal
audit that alleges he created a slush fund to deposit rebates on technology
equipment purchased for the school, arrest warrants and school documents show.

Ex-Seymour employee faces trial for embezzlement
A former deputy treasurer for the city of Seymour will go on trial May 15 on
charges that she embezzled more than a half-million dollars in city funds.

Mitsubishi UFJ Must Improve Controls in U.S., Regulators Say
Mitsubishi UFJ Financial Group Inc., Japan's biggest bank by assets, reached an
agreement with U.S. regulators to shore up monitoring at its New York offices to
detect illicit fund transfers.

OFHEO sues ex-Fannie Mae execs over accounting
The top regulator for Fannie Mae (FNM.N: Quote, Profile , Research) on Monday
sued three former executives who led the mortgage finance company during years
in which flawed accounting led it to understate losses by billions of dollars.

Guilty Plea in New Enron Scandal
In a case unconnected to the initial fraud that brought down the company, a
former member of Enron Corp.'s human resources department pleaded guilty to
defrauding the company of about $3 million, according to the Associated Press.