BOSTON— The former chief executive of Anglo Irish Bank, now living in Boston, has dropped his fight against extradition and agreed to return to Ireland to face fraud charges. He left Ireland after the bank collapsed. But on Thursday, Drumm agreed to return to Ireland.» Read More
A former Tyco International executive agreed to pay $450,000 to settle financial reporting and record-keeping charges connected to a fraud case in which Tyco overstated income by more than $500 million, the U.S. Securities and Exchange Commission said on Thursday.
A U.S. federal appeals court denied former Enron Chief Executive Jeffrey Skilling's request to remain free pending his appeal Tuesday and ordered him to report to prison immediately.
Siemens adjusted its net income for fiscal year 2006 because of more tax charges related to an ongoing corruption scandal.
Former Enron president Jeffrey Skilling's prison check in has been temporarily delayed by a federal appellate court, The Wall Street Journal reported.