Ezra Merkin Faces Fraud Charges as Latest Madoff Middleman
Civil Fraud Changes. Hedge fund manager Ezra Merkin now faces civil fraud changes over the Bernard Madoff Ponzi scheme. According to a complaint filed by New York Attorney General Andrew Cuomo, investors, including several prominent charities and non-profits, entrusted millions to Merkin, who allegedly steered the money to Madoff … [Read more...] about Ezra Merkin Faces Fraud Charges as Latest Madoff Middleman
Vivendi, Former CEO Settle Fraud Charges
Vivendi Settle Fraud Charges. Vivendi Universal SA, the French conglomerate, agreed yesterday to pay a $50 million penalty and its former chief executive, Jean-Marie Messier, said he would surrender his $25 million severance payment as part of a settlement with the Securities and Exchange Commission to resolve securities … [Read more...] about Vivendi, Former CEO Settle Fraud Charges
Second HealthSouth Executive Pleads Guilty To Fraud Charges
HealthSouth Executive Plead Guilty To Charges. HealthSouth Corp. Chief Financial Officer William T. Owens admitted falsifying financial statements, becoming the second company executive to plead guilty and help a federal investigation of the biggest U.S. operator of rehabilitation hospitals. Owens admitted he began conspiring in … [Read more...] about Second HealthSouth Executive Pleads Guilty To Fraud Charges
HealthSouth CFO Admits Fraud Charges
HealthSouth CFO False Financial Reports. William Owens, chief financial officer of HealthSouth, the embattled US healthcare group, pleaded guilty on Wednesday to wire and securities fraud and filing false financial reports with the Securities and Exchange Commission. Mr Owens, who was placed on administrative leave last week, is … [Read more...] about HealthSouth CFO Admits Fraud Charges
Ex-Adelphia Exec Pleads Guilty To Fraud Charges
Ex-Adelphia Exec Pleaded Guilty. A second former Adelphia Communications Corp. executive pleaded guilty to fraud charges in U.S. District Court in Manhattan on Friday, bolstering the prosecution's case against his former bosses. Timothy A. Werth, Adelphia's former director of accounting and a onetime accountant in Buffalo, pleaded … [Read more...] about Ex-Adelphia Exec Pleads Guilty To Fraud Charges
Grand Jury Indicts Former Adelphia Executives On Fraud Charges
Former Adelphia Executives Face Fraud Charges. A federal grand jury indicted five former Adelphia Communications Corp. executives on charges they looted the company of hundreds of millions of dollars, a spokesman for the U.S. attorney's office said. The indictment against company founder John Rigas, two of his sons and two … [Read more...] about Grand Jury Indicts Former Adelphia Executives On Fraud Charges
Martha Stewart: Is She In ‘Deep Doodoo’?
Martha Stewart Fraud Charges. Prosecutors and congressional investigators appear to be turning up the heat on domestic diva Martha Stewart, now that her businessman pal Samuel Waksal has been indicted on fraud charges. A source close to the federal criminal investigation of alleged insider trading in the stock of Waksal’s … [Read more...] about Martha Stewart: Is She In ‘Deep Doodoo’?
