NY jury convicts Monster Worldwide's former chief operating officer of stock option fraudMay 13th, 2009 Former Monster COO convicted of stock option fraudNEW YORK — The former president and chief operating officer of Monster Worldwide has been convicted in New York of wrongfully backdating millions of dollars' worth of employee stock option grants. A jury on Tuesday found James Treacy of Glen Rock, N.J., guilty of conspiracy to commit securities fraud, filing false reports with the Securities and Exchange Commission, making false statements to auditors and falsifying books and records.
Loch Ness Monster 'spotted' on Google Earth!August 26th, 2009 LONDON - A Brit man claims that he spotted the Loch Ness Monster on Google Earth. The Loch Ness Monster is a creature believed to inhabit Loch Ness in the Scottish Highlands.
Man pleads not guilty in Omaha to hacking scheme affecting TD Ameritrade, othersJuly 10th, 2009 Second man arrested in brokerage hacking schemeOMAHA, Neb. — A man has pleaded not guilty to participating in a scheme to access online brokerage accounts to jack up stock prices and reap thousands of dollars in illegal profits.
Regulator's wait to question Rajus continuesJanuary 29th, 2009 HYDERABAD - The market regulator will have to wait at least for 10 more days to question disgraced Satyam Computer founder B. Ramalinga Raju and his brother B.
Hearing on SEBI plea to quiz Rajus adjourned to Feb 9January 29th, 2009 HYDERABAD - The Andhra Pradesh High Court Friday adjourned to Feb 9 the hearing on a petition by market regulator Securities and Exchange Board of India (SEBI) seeking permission to record statements of disgraced Satyam Computer founder B. Ramalinga Raju and his brother B.
New York Stock Exchange halts trading in Satyam stockJanuary 6th, 2009 HYDERABAD - The New York Stock Exchange Wednesday halted trading in the stock of beleaguered Satyam Computer Services prior to the opening of the market at 9.30 a.m. US eastern time, the NYSE said in a statement.
Infosys mentor Murthy bats for new Satyam boardJanuary 14th, 2009 BANGALORE - IT major Infosys Technologies chairman and chief mentor N.R. Narayana Murthy Thursday said the government-appointed board members of the fraud-hit Satyam Computer Services were excellent, competent and had lots of experience.
Government asks Company Law Board to remove Maytas directorsFebruary 16th, 2009 NEW DELHI - The government Tuesday moved the Company Law Board to remove the board of directors of Maytas Infrastructure and Maytas Properties, the two infrastructure firms promoted by the family of B. Ramalinga Raju, the disgraced founder of Satyam Computer Services.
Markets tumble after Satyam shockerJanuary 6th, 2009 MUMBAI - Indian equities markets plunged in afternoon trade Wednesday after IT major Satyam Computer's co-founder and chairman B. Ramalinga Raju resigned after confessing to a Rs.40-billion ($823 million) fraud that had been going on for years.
Authorities link 100 people in US, Egypt to 'phishing' identity theft schemeOctober 7th, 2009 Agents arrest dozens for theft scheme in US, EgyptLOS ANGELES — Authorities said Wednesday they have arrested 33 people in breaking up a crime ring in the U.S. and Egypt in which an elaborate "phishing" scam bilked bank customers out of at least $1 million.
Raju may face up to seven years' imprisonment, say legal expertsJanuary 6th, 2009 HYDERABAD - B. Ramalinga Raju, who Wednesday morning shocked the corporate India by confessing to a Rs.65.92-billion ($1.3 billion) fraud in Satyam Computers, may face up to seven years' imprisonment if proven guilty, legal experts said.
Indian Software Outsourcing Major Satyam Fights To Stay ViableMarch 17th, 2009 Satyam allots 10,511 equity shares under stock option plans
MUMBAI - IT firm Satyam Computers, on Tuesday said in a filing to the Bombay Stock Exchange that it has allotted 10,511 equity shares under its stock option plans. The government appointed Satyam board gave its consent to the allotment of shares on March 13, the filing said.
Satyam investigation handed over to CBIFebruary 15th, 2009 HYDERABAD - The Satyam fraud investigation has been been handed over to the Central Bureau of Investigation (CBI), Corporate Affairs Minister P.C. Gupta said here Monday.
C.P. Gurnani appointed chief executive of Indian outsourcer Mahindra SatyamJune 23rd, 2009 Indian outsourcer Mahindra Satyam gets new CEOMUMBAI, India — Mahindra Satyam, a rebranded Indian outsourcing company nearly brought down in a $1 billion fraud, said Tuesday that C.P. Gurnani, an executive from its new controlling shareholder, has been appointed chief executive.
Palin's e-mail account hacker faces three fresh chargesMarch 12th, 2009 WASHINGTON - Tennessee University student, who was accused of hacking into Alaska Governor Sarah Palin's personal e-mail account, has been framed with three fresh charges apart from the charge of alleged hacking. David Kernell, the son of Democratic Tennessee state legislator, was charged with unlawfully transmitting electronic information, fraud and attempting to impede an FBI investigation.
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