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Corporate Fraud

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  • Former Cendant Chairman Walter Forbes was sentenced on Wednesday to 12 years and seven months in prison and ordered to pay $3.3 billion for one of corporate Americas's biggest accounting scandals.

  • Where's The "Real" News On Apple? Friday, 12 Jan 2007 | 12:52 PM ET

    Friday morning, and we're waking up once again to a flurry of headlines surrounding the ongoing Apple Inc. stock options backdating controversy--the scandal that just won't go away. Dueling stories over the last 48 hours from the Wall Street Journal and the Washington Post, breathlessly reporting what appear to be new developments in the case. But pouring over the stories, I can't seem to find any news.

  • 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 Adjusts '06 Profit Tuesday, 12 Dec 2006 | 3:47 AM ET

    Siemens adjusted its net income for fiscal year 2006 because of more tax charges related to an ongoing corruption scandal.

  • Enron's Skilling Prison Check-In Date Delayed Monday, 11 Dec 2006 | 8:20 PM ET

    Former Enron president Jeffrey Skilling's prison check in has been temporarily delayed by a federal appellate court, The Wall Street Journal reported.