Word: fraud
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Harvard itself was cleared of the fraud allegations but still faced damages for breaching its contract with the U.S. Agency for International Development (USAID). In the agreement signed Wednesday, the University did not admit any liability but agreed to pay the full $26.5 million in the next three days...
...SENTENCED. BERNIE EBBERS, 63, former CEO of WorldCom, convicted in March of orchestrating the $11 billion accounting fraud that toppled the telecommunications giant; to 25 years in prison, the latest and harshest in a string of recent sentences for white-collar executives; in New York City. Under federal guidelines, Ebbers, who maintained his innocence, must serve at least 85%, or 21 years, of the term?almost a life sentence because...
SENTENCED. BERNIE EBBERS, 63, former CEO of WorldCom, convicted in March of orchestrating the $11 billion accounting fraud that toppled the telecommunications giant; to 25 years in prison, the latest and harshest in a string of recent sentences for white-collar executives; in New York City. Under federal guidelines, Ebbers, who maintained his innocence and plans to appeal, must serve at least 85%, or 21 years, of the term, making it all but a life sentence...
...irrationally. I left home a few days after high school graduation and haven’t been back for more than two weeks at a time in the last four years—why should I care that my room has been reclaimed, even if by this bedroom-defiling fraud...
...notebook detailing the suspicions of a former treasurer who quit after confronting Scrushy with allegations of fraud...