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June 2002
June 30, 2002
Prison Sentences for Fraudulent Executives - 2002-06-30
President Bush has vowed to punish fraudulent executives in American companies following significant financial scandals affecting markets. WorldCom and Xerox are highlighted as examples of…
June 27, 2002
According to the Treasury Secretary, Executives of Fraudulent and Deceptive Companies are Liable to Prosecution - 2002-06-27
U.S. Treasury Secretary Paul O'Neill announced that executives of fraudulent companies can be prosecuted, following the WorldCom scandal where reported profits were overstated. This situation…
June 16, 2002
Andersen Accounting Firm to Appeal Court Ruling
The Arthur Andersen accounting firm plans to appeal a court ruling that found it guilty of obstructing justice by destroying documents related to Enron. This…