Bribery, Fraud & Tax Evasion

EFT Ltd. denies any wrongdoing as investigators follow up special audit report ordered by Bosnian administrator Lord Ashdown
An Army Reserve lieutenant colonel was arrested Thursday on charges she was part of a conspiracy to steer Iraqi reconstruction contracts to a businessman in exchange for money and gifts, including a Cadillac SUV.
Countrywide Financial made risky loans to tens of thousands of Americans, helping set off a chain of events that has the economy staggering. So it may come as a surprise that a dozen former top Countrywide executives now stand to make millions from the home mortgage mess, buying up delinquent home mortgages that the government took over, sometimes for pennies on the dollar, at newly-formed PennyMac.
Public relations giant Omnicom has received almost a quarter of a billion dollars in contracts from the federal government for public relations work. At least one has been labeled "covert propaganda," another involved paying off a journalist and opinion-maker.
Taiwanese company AU Optronics and its U.S. subsidiary were fined $500 million by a U.S. judge for conspiring to artificially inflate the prices of liquid crystal display (LCD) screens in a verdict handed down last month. Two former AU Optronics executives were also given three-year prison sentences.
Mutual fund manager Fidelity Investments yesterday settled allegations that more than a dozen of its current and former employees, including star executive Peter Lynch, accepted such perks as sports tickets, tropical vacations and a $160,000 bachelor party from brokers seeking to win business.
Tony Clarke, looks at how Enron, the largest service provider in the world, uses its clout to shape WTO talks on cross-border trade in services.
In yet another bizarre twist to the Enron saga, the sudden death of Kenneth L. Lay on Wednesday may have spared his survivors financial ruin. Mr. Lay's death effectively voids the guilty verdict against him, temporarily thwarting the federal government's efforts to seize his remaining real estate and financial assets, legal experts say.
House Majority Whip Tom DeLay (R-TX) relishes in describing the Marianas as his personal Galapagos Islands. The 14-island chain of Pacific Islands has long been DeLay's image of a perfect business environment -- virtually devoid of business or environmental regulations. Only one other entity, Enron, curried more favor with DeLay.