Ex-Alger Exec Sentenced
Ex-Alger Exec Improper Mutual Fund Trading. Formerly the vice chairman at Fred Alger Management in Manhattan, Connelly, 40, was sentenced in Manhattan by State Supreme Court Justice James Yates to 1 to 3 years in prison for tampering with evidence associated with the investigation into illegal and improper mutual fund trading. … [Read more...] about Ex-Alger Exec Sentenced
Adelphia Exec Pleads Guilty
Adelphia Exec Pleaded Guilty. The former accounting director for Adelphia Communications Corp. pleaded guilty Friday in a cooperation agreement that should strengthen the government's case against the founder of the now bankrupt cable company and his sons. Timothy Worth entered the plea in U.S. District Court in Manhattan a day … [Read more...] about Adelphia Exec Pleads Guilty
WorldCom Exec Pleads Guilty
WorldCom Exec Guilty Plea. Prosecutors secured their first guilty plea in the largest accounting scandal in U.S. history yesterday as WorldCom Inc.'s former controller admitted he helped falsify the company's books. David Myers, who resigned as controller and vice president of the telecommunications giant in June after WorldCom … [Read more...] about WorldCom Exec Pleads Guilty
Former WorldCom Exec Admits Guilt
Former WorldCom Exec Pleaded Guilty. The former controller of WorldCom Inc. pleaded guilty to securities fraud charges Thursday, saying he was instructed by "senior management" to falsify records in what became the largest corporate accounting scandal in U.S. history. It was the first admission of guilt in the multibillion dollar … [Read more...] about Former WorldCom Exec Admits Guilt
Exec Indicted On Tax Evasion Charge
Kozlowski Indicted On Tax Evasion. In the past five years, Dennis Kozlowski had received nearly $22 million in salary and bonuses as chief executive of Tyco International. He controlled millions of shares of company stock worth almost $50 million, and that wasn't even his entire fortune. Yet yesterday, he was arraigned … [Read more...] about Exec Indicted On Tax Evasion Charge
