Word: doj
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Though by far the most visible, the WorldCom duo wasn't the only prey: telecom firm Qwest, already under investigation by the Securities and Exchange Commission (SEC) and the Department of Justice (DOJ), is close to restating the past three years of earnings by more than $1 billion; apparel maker Warnaco is now in the SEC's cross hairs; and prosecutors were driving a hard bargain in plea negotiations with ImClone's ex-CEO Samuel Waksal, insisting that he accept at least seven years in prison on insider-trading charges and declining to spare his family members from prosecution...
...prosecutors did not seek it, according to the Death Penalty Resource Council, a network of lawyers who help capital defendants. He's easily outpacing his predecessor, Janet Reno, who in her last five years sought the death penalty 26 times when her prosecutors had not requested it, according to DOJ numbers...
...Ashcroft spokeswoman Mindy Tucker told reporters Wednesday the DOJ is "investigating the possibility of identity theft," but refused to elaborate. Justice and FBI officials say they don't yet know how many of the hijackers may be using phony names or stolen identities, but indicated the possibility of identity theft is one reason the FBI has not released more information about the hijackers' nationalities and backgrounds...
...coughing up $30 billion a year to The Man. (Keep in mind these numbers are after John McCain?s $400 billion-plus-$1.50-a-pack-tax settlement bill failed in 1998, and pending the settlement of a Clinton-launched $20 billion heath-care-recoup suit that the Bush DOJ is cool on pursuing...
Unless the DOJ clips Orbitz's wings, the site is likely to put the squeeze on independent agents like Expedia. "Orbitz isn't going to put Travelocity or Expedia out of business, but it's going to stir up the pot," says Harteveldt, who expects Web travel sales to top $29 billion...