Word: frauded
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Though he was slated to speak on “Enron, WorldCom and Corporate Fraud Reform,” Rep. Michael A. Capuano (D-Mass.) instead engaged in a lively debate on free trade and political ideology with about 20 students at the Institute of Politics on Monday...
Because he believes it reflects his own life story, Bush loves it when the elite are upstaged by the streetwise. But he repeated the anecdote at the inaugural meeting of his Corporate Fraud Task Force because it reflected his own view: complex reforms of securities law are well and good, but the best way to assure skittish investors that the government is fixing the problem is to nab a few bad guys. Bush got his cue when federal agents hauled away the founder of Adelphia Communications and his sons in handcuffs in front of a bank of television cameras. "This...
ARRESTED. JOHN RIGAS, 78, founder of bankrupt cable giant Adelphia Communications, and his sons TIMOTHY RIGAS, 46, and MICHAEL RIGAS, 48, former Adelphia executives; by federal agents; on fraud charges that include bilking the company out of hundreds of millions of dollars; in New York City...
...Verbatim "Now it's time to take their yachts, Lamborghinis and ski chalets. Crooks don't deserve to keep what they steal." MARK FOLEY, U.S. congressman, celebrating the signing into law last week of new measures designed to crack down on corporate fraud...
Bosses Busted Two former WorldCom executives were arrested by FBI agents last week for their alleged role in the $3.85 billion accounting fraud that led to the company's collapse...