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October 6, 2008 7:32:04 PM CDT


Stories related to: Arthur Anderson

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2 Stories

  • April 2008
    • Justice Makes Corporate Deals, Avoids Trials

      Justice Makes Corporate Deals, Avoids Trials

      (Newser) - Instead of indicting major corporations for fraud and other forms of malfeasance, the Bush administration is relying more and more on deferred prosecutions, allowing companies to pay a fine and accept monitoring instead of going to trial. The name of the monitor and the details of the agreement are often kept secret, the New York Times reports. More »

      Tags

      fraud   Justice Department   John Ashcroft   corporations   corporate monitoring   Arthur Anderson

  • March 2008
    • Bankrupt Lender's Audit Lapses 'Mind Boggling'

      Bankrupt Lender's Audit Lapses 'Mind Boggling'

      (Newser) - Auditors at now-bankrupt New Century Financial—once one of the nation’s largest subprime lenders and one of the earliest to fail—were accused of “mind boggling” lapses in a Justice Department report on the debacle released yesterday. Partners at accounting firm KPMG are said to have ignored “significant improper and imprudent practices” in order to keep the company’s business, the New York Times reports. More »

      Tags

      credit crisis   subprime crisis   bankruptcy   Justice Department   Enron   Arthur Anderson

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