Accounting - Will Courts Help Fraudsters Beat Sarbanes-Oxley?: Susan Antilla

Will Courts Help Fraudsters Beat Sarbanes-Oxley?: Susan Antilla
Bloomberg - May 31 (Bloomberg) — An out-of-work stockbroker is in a fight with Bank of America Corp., using a powerful law passed after all the spectacular corporate accounting frauds of the past five years. The sacked broker, David Willms, is more than just a

Daewoo founder sentenced
Tulsa World - SEOUL, South Korea — A Seoul court on Tuesday sentenced the founder and former chairman of collapsed conglomerate Daewoo to 10 years in prison for a range of charges including embezzlement and accounting fraud. The Seoul Central District Court said

Freddie Mac profit dips 27% with suit settlements in 05
Northwest Arkansas News - Freddie Mac, the government-chartered mortgage finance company recovering from $ 5 billion in accounting mistakes, said profit fell 27 percent last year as it lowered the value of its home-loan guarantee business and settled shareholder lawsuits. Net

Troy Clarke named president of General Motors North America
Gwinnett Daily Post - DETROIT General Motors Corp. on Tuesday appointed Troy Clarke president of its North American operations, a position currently held by Chairman and CEO Rick Wagoner. Clarke, who had been president of GM Asia Pacific since 2004, will assume his

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