Enforcement Directorate yet to give final report on SatyamSeptember 15th, 2009 KOLKATA - The Enforcement Directorate (ED) is yet to give its final report on the multi-crore accounting fraud in Satyam Computers, Corporate Affairs Minister Salman Khurshid said here Tuesday. "The ED and the US Internal Revenue Services (IRS) are looking basically at the compensation angle of the fraud.
VeriFone settles charges of accounting irregularities with SEC, won't pay a fineSeptember 1st, 2009 VeriFone settles accounting irregularities chargesSAN JOSE, Calif. — VeriFone Holdings Inc.
AIG agree to settle disputes with former executives Greenberg, Smith in private arbitrationAugust 31st, 2009 AIG to arbitrate disputes with Greenberg, SmithNEW YORK — American International Group Inc. says it is looking to mend ties with former CEO Maurice "Hank" Greenberg and former Chief Financial Officer Howard Smith by settling their disputes through arbitration.
AIG shares surge 29 percent on word of talks with former CEO GreenbergAugust 27th, 2009 AIG shares surge on word of talks with GreenbergDES MOINES, Iowa — Shares of American International Group Inc. surged Thursday as analysts speculated the company might be reconciling with former CEO Maurice "Hank" Greenberg, who could help bring private capital and other business benefits to the company.
Report: Former AIG CEO Greenberg to pay $15 million to settle SEC fraud allegationsAugust 6th, 2009 Report: Former AIG CEO to settle fraud chargesNEW YORK — Former American International Group CEO Maurice "Hank" Greenberg is expected to pay a $15 million fine to settle fraud allegations brought by the Securities and Exchange Commission, according to The Wall Street Journal. Former chief financial officer Howard Smith is expected to pay a $1.5 million fine, the Journal said in a report on its Web site Thursday, citing anonymous people.
Bank of America pays $33 million penalty to settle SEC charges that it misled investorsAugust 3rd, 2009 BofA pays $33M SEC fine for misleading investorsWASHINGTON — Bank of America has agreed to pay a $33 million penalty to settle government charges that it misled investors about Merrill Lynch's plans to pay bonuses to its employees. In seeking approval to buy Merrill, Bank of America told its shareholders that Merrill agreed not to pay year-end bonuses without Bank of America's consent.
Feds charge 41 in Fla. mortgage fraud schemes involving $40 million in 6 different casesJuly 28th, 2009 Feds charge 41 in Fla. mortgage fraud schemesMIAMI — Federal prosecutors say 41 people have been charged in the latest round of South Florida mortgage fraud schemes.
SEC charges former Beazer Homes chief accounting officer with fraudJuly 1st, 2009 SEC accuses former Beazer Homes official of fraudATLANTA — The Securities and Exchange Commission charges the former chief accounting officer at Beazer Homes USA with committing fraud and misleading company auditors. The SEC says in a complaint filed in federal court in Atlanta that Michael T.
Federal prosecutors in file criminal fraud conspiracy charges against Beazer HomesJuly 1st, 2009 Criminal charges filed against Beazer HomesATLANTA — Federal prosecutors in North Carolina have filed criminal fraud conspiracy charges against Beazer Homes USA. The Atlanta-based homebuilder has been under scrutiny for certain business and financial practices.
Judge will allow speeches by AIG ex-CO Greenberg, but no evidence regarding bailoutJune 15th, 2009 Jury selected for lawsuit between AIG, StarrNEW YORK — A jury has been selected for a $4.3 billion lawsuit brought by American International Group Inc. against Starr International Co., the private investment firm run by AIG's former CEO.
Lawyer Dreier set to plead guilty to $700 million fraudMay 12th, 2009 Lawyer set to plead guilty to huge fraudNEW YORK — A prominent Manhattan lawyer has pleaded guilty to defrauding hedge funds of more than $400 million. Fifty-eight-year-old Marc Dreier on Monday pleaded guilty to conspiracy to commit securities and wire fraud, securities fraud, wire fraud and money laundering.
Diebold agrees to pay $25 million penalty to settle civil charges tied to SEC probeMay 4th, 2009 Diebold agrees to pay $25M to settle chargesNORTH CANTON, Ohio — ATM maker Diebold Inc. said Monday it will pay $25 million to settle civil charges of securities fraud under a tentative agreement with federal regulators.
Former General Re senior vice president faces sentencing in accounting fraud scandalApril 30th, 2009 Defendant in reinsurance fraud faces sentencingHARTFORD, Conn. — A former executive of Connecticut-based General Re Corp.
Ex-American Home Mortgage CEO settles SEC fraud charges for $2.45 million; other execs accusedApril 28th, 2009 Ex-American Home CEO settles with SEC for $2.45MWASHINGTON — The former head of American Home Mortgage Investment Corp. has agreed to pay nearly $2.5 million to settle federal civil charges of accounting fraud and concealing the company's deteriorating finances as the subprime mortgage crisis hit in 2007.
Criminal charges added in first bank bailout fraud case; Lawyer says guilty plea plannedApril 22nd, 2009 Criminal charges added in bank bailout fraud caseNASHVILLE, Tenn. — A defense lawyer says a former financial adviser in Tennesee will plead guilty to criminal charges in the first fraud case related to the federal bank bailout program.
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