Highlights
A collection of news and information related to WorldCom Incorporated published by Tribune Company sources.
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NY appeals court upholds dismissal of KPMG case
Associated Press WriterA federal appeals court on Thursday upheld a ruling last year dismissing charges against 13 former employees of KPMG because the government interfered with their Sixth Amendment right to counsel. The 2nd U.S. Circuit Court of Appeals in Manhattan said...Tags: Prosecution, Court Administration, Lawyers, State Budgets, Trials
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Trust the U.S. government to solve the energy crisis? What a laugh
Thanks for the belly laugh in publishing the Aug. 27 letter, "Brand U.S. oil, gas." The U.S. government, rather than the oil companies, will solve the energy crisis? That would be the U.S. government that succeeded so spectacularly when it brought us:...Tags: Central Intelligence Agency, Wars and Interventions, Treaties, Palm Beach (Palm Beach, Florida), Economic Policy
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Brothers in Jericho stock scam get 5 years in prison
anthony.destefano@newsday.comTwo brothers convicted of running stock scams that involved a publicly traded Jericho-based company got a break yesterday from a Brooklyn federal judge, who sentenced them to 5 years in prison instead of a possible maximum term of life. Lennox and Lester...Tags: Consumers, California, Corporate Crime, Fraud, Punishment
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New York law firm to pay $75 million to settle case
Associated PressThe Milberg law firm said yesterday that it would pay $75 million to settle a federal kickback case involving class action lawsuits against some of the nation's biggest corporations. The New York firm said in a statement that the deal called for the...Tags: Prosecution, Legal Services, Fraud, Lawyers, Microsoft Corp.
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Feldman criticized for hiring insider's accounting firm
james.bernstein@newsday.comDespite losing $7.8 million in the fourth quarter and cancelling a planned stock buyback, Feldman Mall Properties of Great Neck has hired a firm owned by one of its board members to oversee accounting and management functions for $350,000. The real-...Tags: Long Island, Business Enterprises, Feldman Mall Properties, Buyback
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Financial forces run amok
For about the last 30 years, our nation has been traveling the deregulation highway, a road with no rules or direction. We have let enterprise be free, business go unfettered, the good times roll. And roll they have, but to where? One stopping point:...Tags: Heads of State, Legal Services, Loans, Republican Party, Bank of America Corp.
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Pimp your fridge
Sigmund Freud once said, "Sometimes a cigar is just a cigar," but nothing is that simple anymore. Take the refrigerator. It has two functions: to keep things cold and to give you a place to stick every photo, note, toddler scrawl and important reminder...Tags: TASER International Incorporated, Armed Forces, Ford, MP3 Players, Firearms
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Stone seeks greatness for 'Alexander'
Tribune staff reporterMore than 23 centuries and thousands of miles separate the battlefields of ancient Greece and the no-holds-barred trading pits of Wall Street. But in the life of director Oliver Stone, they're not so far apart. Both locales yielded enough drama to sustain...Tags: Charlie Sheen, Genius Products Incorporated, Usher, Ken Burns, Movies
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THE ROSLYN Effect
Newsday Staff WriterOne day in July, nine auditors had camped out at the Jericho school district: three from the state comptroller's office digging into records from 2004-05; three from a private accounting firm doing the annual external audit; two more from another firm...Tags: Long Island, Business Enterprises, Accounting and Auditing, New York, Personal Income
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Kumar gets 12 years in CA fraud case
Newsday Staff WritersSaying that Sanjay Kumar's initial rise to prominence because of his talent had been "the embodiment of the American dream," a judge Thursday sentenced the former Computer Associates chairman and chief executive to 12 years in prison for then allowing his...Tags: Long Island, Sanjay Kumar, Prosecution, Fraud, Lawyers
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Roslyn schools scandal sparked dramatic statewide reform
Newsday Staff WriterOne day in July, nine auditors were camped out at the Jericho school district: three from the state comptroller's office digging into records from 2004-05; three from a private accounting firm doing the annual external audit; two more from another firm...Tags: Long Island, Business Enterprises, Accounting and Auditing, New York, Personal Income
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Skilling Sentenced to 24 Years in Prison
Associated Press WriterHOUSTON -- Expressing no emotion, ex-Enron Chief Executive Officer Jeffrey Skilling watched former employees and investors of what was once the nation's seventh-largest company get up, one by one, at his sentencing and call him everything from greedy,...Tags: Labor Legislation, Interior Policy, Drunk Driving, Tyco International Limited, Corporate Crime
Aug 28, 2008
|Story| Associated Press
Aug 31, 2008
|Story| South Florida Sun-Sentinel
Aug 15, 2008
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Jun 17, 2008
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Apr 16, 2008
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Jan 14, 2008
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Jan 10, 2008
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Sep 25, 2007
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Sep 19, 2006
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Nov 2, 2006
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Sep 18, 2006
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Oct 23, 2006
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