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7 banks found to help Enron disguise debt
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...Tags: Financial and Business Services, U.S. Department of Justice, Investments, Finance, Credit Ratings
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Townsend details budget proposal
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...Tags: Kathleen Kennedy Townsend, Credit Ratings, Retirement, Maryland, Career and Workplace
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System lifts, shields CEO pay
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...Tags: Stock Broking, Finance, Credit Ratings, Career and Workplace, Education
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WorldCom files for bankruptcy protection
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...Tags: Stock Broking, Investments, Finance, San Francisco, Crime, Law and Justice
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WorldCom indictments called likely next week
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...Tags: Corporate Officers, U.S. Department of Justice, FBI, Fraud, Prosecution
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Scandals keep many wary of Wall St.
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...Tags: Investments, Stock Broking, Martha Stewart, Finance, Bars and Clubs
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Reaction to Bush's calls for stiffer laws mixed
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
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Ebbers juror says data led to conviction
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...Tags: Corporate Officers, Witnesses, Fraud, Prosecution, Crime, Law and Justice
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WorldCom's Ebbers guilty on all counts
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...Tags: Martha Stewart, Verizon Communications, Credit Ratings, Fraud, Banking
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WorldCom says it inflated books by $3.9 billion
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
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Bush urges tougher laws to fight fraud
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...Tags: Finance, Palm Beach (Palm Beach, Florida), Career and Workplace, Fraud, Government
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Scandals force GOP to consider broader reforms
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,...Tags: University of Virginia, Stock Broking, Ohio, Finance, Executive Branch
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
Jul 26, 2002
|Story| Baltimore Sun
Mar 29, 2004
|Story| Los Angeles Times
Jul 10, 2002
|Story| Los Angeles Times
Mar 17, 2005
|Story| Baltimore Sun
Mar 15, 2005
|Story| Los Angeles Times
Jun 26, 2002
|Story| Los Angeles Times
Jul 10, 2002
|Story| Los Angeles Times
Jul 8, 2002
|Story| Los Angeles Times
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