Oct 22- Texas tycoon Sam Wyly, who filed for bankruptcy this week, is trying to exhaust his fortune through exorbitant spending to impede the U.S. Securities and Exchange Commission's collection of a $198.1 million fraud claim against him, the regulator told a U.S. judge on Wednesday. During a hearing in Dallas bankruptcy court, a lawyer for the SEC criticized...» Read More
Former Tyco International Chief Executive Dennis Kozlowski, who is serving a prison sentence of up to 25 years for looting the conglomerate, told CBS television he is "absolutely not guilty," according to excerpts from an interview to be broadcast Sunday.
Affiliates of South Korea's biggest automaker Hyundai Motor fell on Monday after local authorities launched an investigation into suspected tax evasion.
An investigating judge filed preliminary charges Thursday against the chief executive of Total in a corruption case linked to a 1997 contract with Iran, the company and judicial officials said.
A Republican who backs marketplace regulations might seem paradoxical -- but Michael Oxley, ex-GOP representative, co-authored the sweeping 2002 Sarbanes-Oxley Act. Does the former chairman of the House Financial Services Committee still approve of "SarBox"? He gave his views, on "Power Lunch."
Former Hewlett-Packard chairman Patricia Dunn and former HP board member Tom Perkins are engaged in a new war of words over last year’s leak scandal at the giant technology company, the Wall Street Journal reports.
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.
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 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.