You've got jail? The SEC is no longer alone in investigating accounting irregularities at AOL Time Warner. Tonight the "world's leading media and entertainment company" confirmed that the U.S. Justice Dept. has opened its own probe. This, one day after President Bush signed the so-called Corporate and Auditing Accountability, Responsibility, and Transparency Act (pdf of HR 3763) (summary). Tonight, however, lawmakers from both sides of the aisle, including Senators Patrick Leahy, D-Vt and Chuck Grassley, R-Iowa are criticizing the President for trying to weaken the corporate fraud bill before the ink is even dry.
posted on Jul 31, 2002 - View this thread

Oh-oh! Cheney featured in an Arthur Andersen's promotional video Priceless quote: "I get good advice, if you will, from their people based upon how we're doing business and how we're operating over and above the just sort of normal by-the-book auditing arrangement" . This is getting close to surreal.
posted on Jul 10, 2002 - View this thread

LucasFilm vs. Enron. The people over at LucasFilm aren't very happy that Enron used Star Wars related names for the phony comapanies used to hide millions in debt. Chewco, JEDI, Kenobe Inc, Obi 1 Holdings LLC among the names used.
posted on Feb 7, 2002 - View this thread