Bribery, Fraud & Tax Evasion
Ernst & Young, one of the Big Four auditing firms, has agreed to pay a $10 million to New York state to settle a lawsuit for overlooking accounting gimmicks by Lehman Brothers, the defunct Wall Street bank. The scheme allowed Lehman to hide billions of dollars in bad deals.
The producers of former vice president Al Gore's film about global warming decided to offer 50,000 free DVDs to the National Science Teachers Association (NSTA) for educators to use in their classrooms. It seemed like a no-brainer. The teachers had a different idea: Thanks but no thanks, they said.
Two and a half years after the $18-billion (U.S.) collapse of the Parmalat dairy company, a closed-door preliminary hearing opened Monday in Italy's main criminal proceedings to arise from Europe's largest corporate failure.
Congolese authorities arrested six people in connection with the dumping of tonnes of highly radioactive minerals into a river near the southeastern town of Likasi. A report said some 17 tons of the minerals confiscated were destined for Chinese firm Magma.
The booming private security industry in Afghanistan has been the target of a number government raids in the last few months. One of the largest contractors -- United States Protection and Investigations (USPI) from Texas -- has been accused of corruption.
Rescue workers began the precarious task Tuesday of removing explosive methane gas from the coal mine where at least 25 miners died the day before. The mine owner's -- Massey Energy Company -- dismal safety record, along with several recent evacuations of the mine, left federal officials and miners suggesting that Monday's explosion might have been preventable.
Three top executives at Anglo Irish bank are on trial for a secret scheme to buy their own bank's shares that eventually triggered the 2008 collapse of the Irish economy. The bankers allegedly hatched the plan to cover up bets made by Sean Quinn, once Ireland's richest man.
Vice President Dick Cheney ventured out of hiding yesterday. It was his first public appearance since becoming embroiled in allegations that his former company, Halliburton, cooked its books during his tenure as CEO.
As Tom DeLay became a king of campaign fundraising, he lived like one too. He visited cliff-top Caribbean resorts, golf courses designed by PGA champions and four-star restaurants - all courtesy of donors who bankrolled his political money empire.
In a secluded valley a few miles from Kabul's international airport, $285 million in U.S. taxpayer dollars have flowed into a Black & Veatch-built power plant outside Tarakhil village. But, far from the public relations coup the project was intended to supply, the plant has run into problems with planning, cost over-runs and alleged corruption.