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Corporate Fraud_2

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SEC Litigation Releases

Top 100 Fines from Corporate Crime Reporter

AOL Time Warner LR
BCCI bank fraud
Bhopal, Dow
Boeing, Darlene Druyan
Citigroup, Parmalat

Credit Suisse First Boston
DeBeers
Enron, Bush, Lay, Skilling
Global Crossing
Goldman Sachs

related topics

Deregulation
Taxes, tax shelter info
Zionism

AOL Time Warner top
PROGRESSIVE	REFERENCE	CONSERVATIVE*
Class Action America lawsuits: Accutane, AOL double billing, Arava, Asbestos, Baycol, Benzene, Bextra, Cell phone, End Fraud SEC reports and bulletins Endgame Multimillion dollar fines paid by corporations, listed Rip Off Report	LR-19147 and : AOL Time Warner, agreed to pay $210 million, aiding and abetting securities fraud charges, artificially inflating related Internet companies earnings, no immunity for civil cases. Accounting irregularities also at AOL under investigation. $500 million set aside to cover fraud. Securities Class Action Directory free and subscription,	AOL Executive Calibur lease training, Accounting oversight, Audit, FASB, Fair value management DOJ underfunded by design? FCC fraud charges settled. SEC
Bayer top
PROGRESSIVE	REFERENCE	CONSERVATIVE*
Af	DOJ Press Release: , Bayer AG, international price-fixing conspiracy in the rubber chemicals industry DOJ $200 million in criminal fines: Syndial S.P.A., Crompton Corporation, DuPont Elastomers, Zion Chemicals, Bayer AG,	Bayer Bush Whitehouse DOJ underfunded by design?
BCCI top
PROGRESSIVE	REFERENCE	CONSERVATIVE*
AfroCubaWeb Bushes CorpWatch search Center for American Progress, search: Bush Riggs Bank connection theDubyareport the Bushes and the Bin Ladens Endgame Multimillion dollar fines paid by corporations, listed Pogo Project on Government Oversight, Darleen Druyan, Boeing Truth777 search Carlyle Group, Federal Reserve Scoop Chertoff, Gonzales, BCCI	Belgravia Dispatch search Kerry, BCCI. FAS, Kissinger & Associates Untangling the Octopus, Reagan, Iran-Contra, BCCI, Noriega, watchout for the music. Gloria Steinem	DOJ underfunded by design? Forbes Bank of Credit and Commerce International First American Bankshares Ronald Reagan. Bush Sr.
Bhopal, Dow top
PROGRESSIVE	REFERENCE	CONSERVATIVE*
Bhopal.net International Campaign for Justice in Bhopal. Students for Bhopal national network of students, victims campaign. The Yes Men Dow, faq, links, movie, book Silent Spring	Bhopal.org site c Toxic chemicals still leaching into local water supplies. Union Carbide paid 470 million in 1989 No U.S. citizen brought to trial, no extradition.	Bhopal.com site created by Union Carbide, info on 1984 incident DOJ underfunded by design? Dow Chemical, DOW, DDT Dow Ethics.com, DOW, Union Carbide
Boeing, Darleen Druyan top
PROGRESSIVE	REFERENCE	CONSERVATIVE*
Center for Defense Information Boeing Tanker deal, info, search. CorpWatch search Pogo Project on Government Oversight, Darleen Druyan, Boeing	IASA International Aviation Safety Association search, Darleen Druyan Seattle PI Boeing Watch, news, info	Boeing DOJ underfunded by design? Forbes
Citigroup, Parmalat top SEC LR-18803
PROGRESSIVE	REFERENCE	CONSERVATIVE*
Center for Defense Information Boeing Tanker deal, info, search. Buconero, blackhole loans, Parmalat CorpWatch search Endgame Multimillion dollar fines paid by corporations, listed Pogo Њ Project on Government Oversight,	Elliot Spitzer Office of New York State Attorney General Findlaw.Corporate Corporate counsel center Newstrove False Accounting SEC Report of Investigations,	Citigroup DOJ underfunded by design? Forbes Morning Star news, search, Wall Street. Smith Barney Research Headlines Sandy Weil
Credit Suisse First Boston top
PROGRESSIVE	REFERENCE	CONSERVATIVE*
CorpWatch search Endgame Multimillion dollar fines paid by corporations, listed Quattrone, Frank	SEC Report of Investigations, Newstrove False Accounting	DOJ underfunded by design? Forbes SEC
DeBeers top
PROGRESSIVE	REFERENCE	CONSERVATIVE*
CorpWatch search Survival International, eviction of Gana and Gwi bushmen by the Botswana government are linked to diamond mining. cultural genocide.	SEC Report of Investigations, Newstrove False Accounting	DeBeers controls about two thirds of world's uncut diamond supply DOJ underfunded by design? Forbes

Enron top
PROGRESSIVE	REFERENCE	CONSERVATIVE*
Bad Business Review, blog Enron, search Center for Public Integrity non partisan educational org Congo Cook Book track Enron, Lay. The Ballad of Kenny-Boy. Corporate Crime Reporter, Top 100 Corporate Criminals of the 1990's Daily Enron, news, history, docs Dubya Report, the Corporate Corruption Administration Endgame Multimillion dollar fines paid by corporations, listed Enrongate news and resources KennysKids.org track Enron cash Seattle PI news Silicon Investor Bush did try to save Enron Slatkinfraud Reed Slatkin, Janu	Findlaw.Corporate Corporate counsel center Fraud Watch Magazine subscription, advertise Scripophily.com old stock and bond certificates Enron trial: The defendants, who have pleaded innocent, are: Daniel Bayly, former chairman of investment banking for Merrill; Robert S. Furst, the former Enron relationship manager for Merrill; James A. Brown, former head of Merrill's asset lease and finance group; William Fuhs, former Merrill vice president who answered to Brown; Dan Boyle, a former finance executive on former Enron finance chief Andrew Fastow's staff; and Sheila Kahanek, a former in-house Enron accountant. Snohomish County Public Utility District, uncovering trading scam details. Trader Tim Belden, loopholes, Jeffrey Richter, John Forney Fastow created off-balance-sheet partnerships as early as 1997 Newstrove False Accounting	BizJournals, news by industry DOJ underfunded by design? Enron.com, website, search campaign contributions to Bush, and Bush conservatives. Merril Lynch & Co, MER & Enron: Merrill Lynch avoided prosecution in 2003, by acknowledging that some employees may have broken the law. Six months earlier, Merrill Lynch paid the Securities and Exchange Commission $80 million to settle civil allegations involving a barge deal (Nigeria, Cheney) without admitting or denying wrongdoing. US Council for International Business Stanford Law School, Securities Class Action Clearinghouse with Cornerstone Research

Global Crossing top
PROGRESSIVE	REFERENCE	CONSERVATIVE*
Daily Enron, news, history, docs End Fraud SEC reports and bulletins Endgame Multimillion dollar fines paid by corporations, listed Global Crossing Litigation and ERISA litigation, court docs, Global Crossing Gate close ties to Enrongate IDS News Om Malik on Broadband Broadband, VOIP, Convergence & Digital Lifestyles.... Public Campaign	Findlaw.Corporate Corporate counsel center Fraud Watch Magazine subscription, advertise NewsMax, Global Crossing Scandal Notes: SEC (William Donaldson and two other Republican commissioners) overruled staff recommendations to charge Winnick, even though he agreed to pay tentative fine for questionable accounting. SEC decision will affect former CAO Joseph Perrone and former CFO Dan Cohrs. Newstrove False Accounting	BizJournals, news by industry DOJ underfunded by design? Executive Calibur lease training, Accounting oversight, Audit, FASB, Fair value management FCC Forbes GLBX Global Crossing, Gary Winnick, stock collapse on market bubble burst, cooking books. fraud. SEC

Goldman Sachs top SEC LR-19051
PROGRESSIVE	REFERENCE	CONSERVATIVE*
Counterpunch search Bush, Israel, Goldman Sachs Endgame Multimillion dollar fines paid by corporations, listed The Catbird Seat search Goldman Sachs Transnationale search Goldman Sachs	Fraud Watch Magazine subscription, advertise, Leumi Bank Newstrove False Accounting	Goldman Sachs National Alliance, Middle East War Hawks, State dept. USIBEX, US Israel Business Exchange

...

Top 100 Corporate Fines from Corporate Crime Reporter top
This suggests to me that criminal acts and fines are just a part of doing business.
PROGRESSIVE	REFERENCE	CONSERVATIVE*
Endgame Multimillion dollar fines paid by corporations, listed	Newstrove False Accounting Slatkinfraud Reed Slatkin, Janu	THE TOP 100 CORPORATE CRIMINALS OF THE 1990's F. Hoffmann-La Roche Ltd. Type of Crime: Antitrust Criminal Fine: $500 million Daiwa Bank Ltd. Type of Crime: Financial Criminal Fine: $340 million BASF Aktiengesellschaft Type of Crime: Antitrust Criminal Fine: $225 million SGL Carbon Aktiengesellschaft (SGL AG) Type of Crime: Antitrust Criminal Fine: $135 million Exxon Corporation and Exxon Shipping Type of Crime: Environmental Criminal Fine: $125 million UCAR International, Inc. Type of Crime: Antitrust Criminal Fine: $110 million Archer Daniels Midland Type of Crime: Antitrust Criminal Fine: $100 million Banker's Trust Type of Crime: Financial Criminal Fine: $60 million Sears Bankruptcy Recovery Management Services Type of Crime: Fraud Criminal Fine: $60 million Haarman & Reimer Corp. Type of Crime: Antitrust Criminal fine: $50 million Louisiana-Pacific Corporation Type of Crime: Environmental Criminal Fine: $37 million Hoechst AG Type of Crime: Antitrust Criminal Fine: $36 million Damon Clinical Laboratories, Inc. Type of Crime: Fraud Criminal Fine: $35.2 million C.R. Bard Inc. Type of Crime: Food and drug Criminal Fine: $30.9 million Genentech Inc. Type of Crime: Food and drug Criminal Fine: $30 million Nippon Gohsei Type of Crime: Antitrust Criminal Fine: $21 million Pfizer Inc. Type of Crime: Antitrust Criminal Fine: $20 million Summitville Consolidated Mining Co. Inc. Type of Crime: Environmental Criminal Fine: $20 million Lucas Western Inc. Type of Crime: False Statements Criminal Fine: $18.5 million Rockwell International Corporation Type of Crime: Environmental Criminal Fine: $18.5 million Royal Caribbean Cruises Ltd. Type of Crime: Environmental Criminal Fine: $18 million Teledyne Industries Inc. Type of Crime: Fraud Criminal Fine: $17.5 million Northrop Type of Crime: False statements Criminal Fine: $17 million Litton Applied Technology Division (ATD) and Litton Systems Canada (LSL) Type of Crime: Fraud Criminal Fine: $16.5 million Iroquois Pipeline Operating Company Type of Crime: Environmental Criminal Fine: $15 million Eastman Chemical Company Type of Crime: Antitrust Criminal Fine: $11 million Copley Pharmaceutical, Inc. Type of Crime: Food and drug Criminal Fine: $10.65 million Lonza AG Type of Crime: Antitrust Criminal Fine: $10.5 million Kimberly Home Health Care Inc. Type of Crime: Fraud Criminal Fine: $10.08 million Ajinomoto Co. Inc. Type of Crime: Antitrust Criminal Fine: $10 million Bank of Credit and Commerce International (BCCI) Type of Crime: Financial Criminal Fine: $10 million Kyowa Hakko Kogyo Co. Ltd. Type of Crime: Antitrust Criminal Fine: $10 million Warner-Lambert Company Type of Crime: Food and drug Criminal Fine: $10 million General Electric Type of Crime: Fraud Criminal Fine: $9.5 million Royal Caribbean Cruises Ltd. Type of Crime: Environmental Criminal Fine: $9 million Showa Denko Carbon Type of Crime: Antitrust Criminal Fine: $9 million IBM East Europe/Asia Ltd. Type of Crime: Illegal exports Criminal Fine: $8.5 million Empire Sanitary Landfill Inc. Type of crime: Campaign finance Criminal fine: $8 million Colonial Pipeline Company Type of Crime: Environmental Criminal Fine: $7 million Eklof Marine Corporation Type of Crime: Environmental Criminal Fine: $7 million Chevron Type of Crime: Environmental Criminal Fine: $6.5 million Rockwell International Corporation Type of Crime: Environmental Criminal Fine: $6.5 million Tokai Carbon Ltd. Co. Type of Crime: Antitrust Criminal Fine: $6 million Allied Clinical Laboratories, Inc. Type of Crime: Fraud Criminal Fine: $5 million Northern Brands International Inc. Type of Crime: Fraud Criminal Fine: $5 million Ortho Pharmaceutical Corporation Type of Crime: Obstruction of justice Criminal Fine: $5 million Unisys Type of Crime: Bribery Criminal Fine: $5 million Georgia Pacific Corporation Type of Crime: Tax evasion Criminal Fine: $5 million Kanzaki Specialty Papers Inc. Type of Crime: Antitrust Criminal Fine: $4.5 million ConAgra Inc. Type of Crime: Fraud Criminal Fine: $4.4 million Ryland Mortgage Company Type of Crime: Financial Criminal Fine: $4.2 million Blue Cross Blue Shield of Illinois Type of Crime: Fraud Criminal Fine: $4 million Borden Inc. Type of Crime: Antitrust Criminal Fine: $4 million Dexter Corporation Type of Crime: Environmental Criminal Fine: $4 million Southland Corporation Type of Crime: Antitrust Criminal Fine: $4 million Teledyne Industries Inc. Type of Crime: Illegal exports Criminal Fine: $4 million Tyson Foods Inc. Type of Crime: Public corruption Criminal Fine: $4 million Aluminum Company of America (ALCOA) Type of Crime: Environmental Criminal Fine: $3.75 million Costain Coal Inc. Type of Crime: Worker Death Criminal Fine: $3.75 million United States Sugar Corporation Type of Crime: Environmental Criminal Fine: $3.75 million Saybolt, Inc., Saybolt North America Type of Crime: Environmental Criminal Fine: $3.4 million Bristol-Myers Squibb Type of Crime: Environmental Criminal Fine: $3 million 6 Corporate Crime Reporter 18(3), May 4, 1992 Chemical Waste Management Inc. Type of Crime: Environmental Criminal Fine: $3 million Ketchikan Pulp Company Type of Crime: Environmental Criminal Fine: $3 million United Technologies Corporation Type of Crime: Environmental Criminal Fine: $3 million Warner-Lambert Inc. Type of Crime: Environmental Criminal Fine: $3 million Arizona Chemical Co. Inc. Type of Crime: Environmental Criminal Fine: $2.5 million Consolidated Rail Corporation (Conrail) Type of Crime: Environmental Criminal Fine: $2.5 million International Paper Type of Crime: Environmental Criminal Fine: $2.2 million Consolidated Edison Company Type of Crime: Environmental Criminal Fine: $2 million Crop Growers Corporation Type of Crime: Campaign finance Criminal fine: $2 million E-Systems Inc. Type of Crime: Fraud Criminal Fine: $2 million HAL Beheer BV Type of Crime: Environmental Criminal Fine: $2 million John Morrell and Company Type of Crime: Environmental Criminal Fine: $2 million United Technologies Corporation Type of Crime: Fraud Criminal Fine: $2 million Mitsubishi Corporation, Mitsubishi International Corporation Type of Crime: Antitrust Criminal Fine: $1.8 million Blue Shield of California Type of Crime: Fraud Criminal Fine: $1.5 million Browning-Ferris Inc. Type of Crime: Environmental Criminal Fine: $1.5 million Odwalla Inc. Type of Crime: Food and drug Criminal Fine: $1.5 million Teledyne Inc. Type of Crime: False statements Criminal Fine: $1.5 million Unocal Corporation Type of Crime: Environmental Criminal Fine: $1.5 million Doyon Drilling Inc. Type of Crime: Environmental Criminal Fine: $1 million Eastman Kodak Type of Crime: Environmental Criminal Fine: $1 million Case Corporation Type of Crime: Illegal exports Criminal Fine: $1 million Marathon Oil Type of Crime: Environmental Criminal Fine: $900,000 Hyundai Motor Company Type of Crime: Campaign finance Criminal Fine: $600,000 Baxter International Inc. Type of Crime: Illegal Boycott Criminal Fine: $500,000 Bethship-Sabine Yard Type of Crime: Environmental Criminal Fine: $500,000 Palm Beach Cruises Type of Crime: Environmental Criminal Fine: $500,000 Princess Cruises Inc. Type of Crime: Environmental Criminal Fine: $500,000 Cerestar Bioproducts BV Type of Crime: Antitrust Criminal Fine: $400,000 Sun-Land Products of California Type of Crime: Campaign finance Criminal Fine: $400,000 American Cyanamid Type of Crime: Environmental Criminal Fine: $250,000 Korean Air Lines Type of Crime: Campaign finance Criminal Fine: $250,000 Regency Cruises Inc. Type of Crime: Environmental Criminal Fine: $250,000 Adolph Coors Company Type of Crime: Environmental Criminal Fine: $200,000 Andrew and Williamson Sales Co. Type of crime: Food and drug Criminal fine: $200,000 Daewoo International (America) Corporation Type of Fine: Campaign finance Criminal Fine: $200,000 Exxon Corporation Type of Crime: Environmental Criminal Fine: $200,000 Samsung America Inc. Type of Crime: Campaign finance Criminal Fine: $150,000

reserve and contingency accounts used to hide expenses, manipulate accounts receivable, fraud, 'cookie-jar' reserves

Healthsouth slap on the wrist, in $2.7 Billion accounting scandal. All agreed to cooperate with the government case against Richard Scrushy. Emery Harris, who was facing up to 15 years in prison and hefty fines after pleading guilty to taking part in a scheme to falsely inflate HealthSouth earnings, will spend only five months behind bars, beginning in February. Former vice presidents Angela Ayers, 34, Cathy Edwards, 34, and Rebecca Kay Morgan, 56, and ex-assistant vice president Virginia Valentine, 33, all of whom pleaded guilty to taking part in the conspiracy, were spared jail time.

Milberg Weiss Bershad Hynes & Lerach, leading mutual funds class action law firm.

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