A lot of focus has gone into the pressures that drive managers into committing fraud. Everything from incentive systems to pressure from analysts. But what about their own behavior? What about their...
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The endless case of Conrad Black has moved into its latest phase, After the court rejected a plea to toss his conviction on fraud and lying about looting $6.1 million from his media empire, he is...
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Never stand between an accounting firm and a bag of money.In the past we have seen KPMG getting embroiled in peddling tax havens for the rich. Now we are seeing revelations that UBS has been helping...
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Some traditions die hard. Corruption in the old Soviet Union was always an issue. But now it's taken on a very different form: corporate raiding.According to this article in the Moscow Times, the...
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Arms dealer BAE might be vowing to clean up after the Saudi bribery scandal but trouble is not going away.Swiss authorities have expanded their investigations into BAE following allegations that the...
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In another sign that the administration is easing up on its fight against corporate crime, the US Justice Department is backing off from its hard-line that forces corporations to turn over...
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The Siemens saga goes from bad to worse. Already under investigation in Germany and by the US Securities and Exchange Commission (SEC) and Department of Justice, the company has been hit with charges...
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Conrad Black has lost his appeal against convictions for fraud and obstructing the course of justice. That means he will now almost certainly serve the six-and-a-half prison sentence handed out to...
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About 10 years after the OECD Anti-Bribery Convention, and it looks like the battle against corruption is going nowhere.According to a Transparency International report, has found that more than half...
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Jeff Skilling got a sentence twice as long as other Enron convicts. Enron's former chief executive is now serving 24 years in the slammer but he has an appeal underway.Now there are suggestions,...
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The Siemens bribery scandal gets wider and wider.Now we have reports that the bribe money was distributed through a German company owned by three banks. Needless to say, the banks have all since...
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Big day for arrests.First, we have the arrest of the two former Bear Stearns hedge fund managers Ralph Cioffi and Matthew tannin on charges of conspiracy, securities fraud and wire fraud as part of...
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Last month, I did a blog entry on how mortgage fraud cases were up and stretching the resources of the FBI.Now we have further evidence of that with Bloomberg reporting that the FBI has pulled agents...
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Something that will send shockwaves through the British business world with the first jail sentence for cartel conduct in the UK. Three businessmen, including two from the British unit of Continental...
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This is the last roll of the dice for Conrad Black. He has begun his appeal against the six and half year sentence for fraud and obstruction of justice with his lawyers telling the appeal judges that...
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Back in April, I did a blog entry looking at the disturbing trend in the US justice system for prosecutors to do special deals with companies accused of wrongdoing in the form of deferred...
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The intrigue surrounding the BAE-Saudi bribery scandal continues with the Financial Times reporting that a third man, BAE's business development director Alan Garwood has been issued with a...
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Totally irrepressible!Conrad Black has settled down into the slammer quite well. He is now taking american history classes in prison. His students include prison staff and, from all reports, he is...
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Shades of Hewlett-Packard's pretexting scandal two years ago. But this time in Germany.Deutsche Telekom has announced an investigation into a systemic spying operation to track calls between top...
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If Siemens executives thought the fallout from the bribery scandal was about to go away, they should think again. It's likely to get worse with the trial starting today of former executive...
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