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From Wire ReportsWASHINGTON - Seven major investment banks gave Enron Corp. multimillion-dollar loans that helped the now-bankrupt company disguise its financial condition, and in some cases, they knew that Enron was using deceptive accounting for the loans, a Senate...
Sun StaffLt. Gov. Kathleen Kennedy Townsend released a detailed plan yesterday for closing a $1.7 billion state budget gap over the next 18 months, saying she would use a combination of cuts, transfers and the possibility of a tobacco tax increase to balance...
Tribune staff reporterWith an accounting overhaul on the way, shareholder activists are beginning to renew the bitter battle over CEO compensation. But they still face daunting obstacles. Audit and accounting issues were the focus of most reform efforts that followed Enron...
Los Angeles TimesWorldCom Inc., the nation's second-largest long-distance company, crumpled into bankruptcy late Sunday, brought down by massive debt, a shortage of cash and an accounting scandal that rocked investor confidence. The Clinton, Miss.-based...
Associated PressNEW YORK - Federal prosecutors plan to charge former officers of WorldCom Inc. next week for their suspected roles in the extensive financial wrongdoing at the bankrupt telecommunications giant, a law enforcement official said yesterday. "Indications are...
Times Staff WriterKENNETT, Mo. — When Doyle Privett and his fellow investment club members get together to pick a company's stock, one concern is never far from their minds: They want to be sure the company won't plunge into an abyss of financial scandal. "It's...
Times Staff WriterPresident Bush's corporate reform initiatives will do little to restore confidence in America's battered business culture, whether by shoring up investor trust or discouraging genuinely fraudulent behavior in the executive suite, according to business...
Tags: Entertainment, Xerox Corporation, Finance, Credit Ratings, Fraud
Bloomberg NewsNEW YORK - WorldCom Inc. documents showing the company's declining finances and the testimony of former chief executive Bernard J. Ebbers that he saw them are what sealed his conviction, not star witness Scott D. Sullivan, a juror said yesterday. Zina...
Los Angeles Times staff writerFormer WorldCom chief Bernard J. Ebbers, who portrayed himself as ignorant of the illegal accounting practices that pushed his massive telecom company into bankruptcy, was found guilty today on all fraud charges. The conviction was among the biggest...
Times Staff WritersWorldCom Inc., the long-distance giant already embroiled in scandal, disclosed Tuesday that it substantially inflated profit for more than a year by improperly accounting for more than $3.9 billion in routine expenses, a revelation expected to force the...
Tags: Corporate Officers, Finance, Earnings, Fraud, Arts and Culture
Los Angeles TimesNEW YORK -- President Bush, launching a new effort to combat corporate corruption, Tuesday demanded longer prison sentences for business executives who commit fraud and announced the creation of a federal task force to help pursue and prosecute such...
Los Angeles Times Staff WriterMounting public concern about the new wave of business scandals is forcing President Bush and congressional Republicans to consider a more intrusive government role in monitoring the private sector than they have been willing to accept. For months,...
Jul 24, 2002 |Story| Baltimore Sun
Sep 27, 2002 |Story| Baltimore Sun
Sep 15, 2002 |Story| Chicago Tribune
Jul 22, 2002 |Story| Los Angeles Times
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Mar 29, 2004 |Story| Los Angeles Times
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Mar 17, 2005 |Story| Baltimore Sun
Mar 15, 2005 |Story| Los Angeles Times
Jun 26, 2002 |Story| Los Angeles Times
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Jul 8, 2002 |Story| Los Angeles Times
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