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Corporate Fraud Task Force

by Pamela Skillings     Send to a friend Send to a friend


Yesterday, the U.S. Department of Justice released some interesting stats on the activities of the busy bees in the agency’s Corporate Fraud Task Force since its creation in July of 2002.

 

  • More than 1,000 corporate fraud convictions

 

  • More than 100 convictions of CEOs and presidents in relation to 600 filed corporate fraud cases

 

  • Conviction of more than 30 CFOs and 100 Vice Presidents

 

  • Greatest hits including: Enron’s Jeffrey Skilling and Ken Lay, Worldcom’s Bernard Ebbers, and Adelphia’s John Rigas.

Think the hubbub around corporate fraud is dying down? On Wednesday, three execs from Comverse Technology were indicted for alleged securities fraud. The adventure continues.

 

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August 10, 2006 | Digg | Del.icio.us | Stumble | Reddit | Facebook | Newswine |

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