• The SEC Whacks Ernst & Young Over Bally Total Fitness — Now for the Spoils of Victory – “it can be predicted – and the accounting profession should expect – that going forward, the SEC will aggressively aim its macho enforcement testosterone at the big firms’ individual personnel.” [Re: Balance/Jim Peterson]
• Choose Wisely! – Joe Kristan’s suggestions are better than the IRS’ [Tax Update Blog]
• Open Memo to Medifast Chief Executive and CFO Michael S. McDevitt – Sam is sticking up for his friend Barry Minkow. [White Collar Fraud/Sam Antar]
• Obama seems to have ignored Geithner’s advice on bank taxes – Yep. He’s fired. [CFOZone]
• Galleon’s Rajaratnam slams wiretaps, stays free – Cherry picked wire taps will not stand, says Raj’s attorney. [Reuters]
Related Posts
Review Comments | 08.18.09
• Brett Favre Returns to NFL, Signs With Minnesota – Look, we don’t like to talk much sports here but would someone do something about this FOR THE LOVE OF GOD? [Bloomberg]
• Backdating Likely More Widespread – “The study identified 141 companies with such advantageous options-granting practices that the researchers concluded they were highly likely to have been involved in backdating. Ninety-two of those companies never were publicly linked to investigations or announced earnings restatements related to backdating.” [WSJ]
• UBS’s American Clients Face U.S. Criminal Probes – “U.S. tax authorities are expected to obtain the identities of potentially thousands of other American UBS clients soon as part of a legal settlement finalized last week between the bank and the U.S. and Swiss governments.” [WSJ]
• Regulators urged Citi to replace CFO – In case you were short on the government meddling in private business affairs news. [FT.com]
• Bernie Madoff’s Greatest Scam Of All – Size matters? Whose size? [Dealbreaker]
Review Comments | 10.26.09
• Rajaratnam Changes His Defense Counsel – Raj is going to the bullpen early. [DealBook]
• Tannin ‘Blow Up’ E-Mail Won’t Be Seen by Fraud Jury – “U.S. District Judge Frederic Block in Brooklyn, New York, ruled that the government’s search warrant filed in July with Google Inc. to obtain access to the e-mail was overly broad and ‘did not comply with the Warrants Clause of the Fourth Amendment.'” [Bloomberg]
• McDonald’s closes in Iceland as currency collapse takes a bite out of Big Mac profits – Just doesn’t seem right. [AP via CT]
• Senate Health Bill Includes Public Option – …Annnnd there goes the filibuster. [WSJ]
• IRS Unit to Target High-Income Tax Evaders – The Global High Wealth Industry group will be your official government carriers of pitchforks and torches. [WSJ]
• Madoff Investor Said to Have Drowned [NYT]
Review Comments | 10.29.09
• Fed should lose AIG-style bailout powers: Geithner – The past is the past, huh, Timmay? [Reuters]
• Chrysler to offer live TV service in vehicles up to 20 channels starting in December – Because we can’t squeeze in enough at home. [CT]
• Wall Street Journal closes Boston bureau – Dow Jones and Market Watch will stay for now. [Reuters]
• CFOs on the Move: Week Ending October 30 – Motorola, Nissan, Nokia all have new chiefs. [CFO]
• Not Good Enough – Gotta good job? Still need a second job? [Financial Armageddon]
• Citrin Cooperman to Merge in Carrow Doyle – Combined firm will have $80+ million in revenues and have offices in Philadelphia and New York looking to expand to Boston, and Washington. [Web CPA]