PricewaterhouseCoopers partner Richard P. Scalzo . Under the settlement, Scalzo, Tyco's lead auditor from 1997 to 2001, is permanently barred from working on any part of a public company's finances. The SEC found that Scalzo violated securities law by overlooking material facts in his audit of the company. Scalzo also shirked on the SEC's rules of professional conduct.
Xerox was forced to restate earnings to reflect $1.4 billion less in pre-tax profits over the past five years as part of a settlement with the SEC which also included a $10 million penalty . More Accounting Woes For Xerox
Adelphia CEO arrested Adelphia Files Lawsuit Against John Rigas and Other Former Executives and Board Members of Adelphia
Qwest to restate the numbers Federal regulators believe that Qwest Communications International Inc.’s disclosure late Sunday night that it improperly accounted for more than $1.1 billion of transactions during the past three years raises questions that need further investigation, according to people familiar with the matter SEC gets tough on Qwest accounting
When did Martha call the broker ? Martha’s broker blames his assistant
Imclone CEO indicted Feds want Waksal behind bars In plea negotiations, prosecutors seek prison term of 7-to-10 years , indictments of family. July 30, 2002: 9:36 AM EDT NEW YORK (CNN/Money) - Federal prosecutors have demanded during plea negotiations that former ImClone CEO Samuel Waksal serve a 7- to 10-year prison term for charges related to insider trading and are not willing to let his family members get off easy, a source close to the situation confirmed to CNN/Money Tuesday .
Salomon telecom analyst Grubman quits Controversial Salomon Smith Barney telecommunications analyst Jack Grubman, once one of Wall Street's biggest stars and dealmakers, resigned Thursday. Grubman, the subject of congressional and regulatory probes, is the latest casualty of the telecom meltdown that has wiped out $2 trillion in shareholder wealth and sent once-soaring companies, such as WorldCom and Global Crossing, to bankruptcy court .
Too Close for Comfort GE's legendary former CEO Jack Welch kicks up a controversy over his affair with a journalist
Jack Welch’s perks after retirement The divorce papers filed by Welch's wife, Jane, detail his use of an $80,000 per month Manhattan apartment owned by the company, court-side seats to the New York Knicks and U.S. Open , seating at Wimbledon, box seats at Red Sox and Yankees baseball games, country club fees, security services, and restaurant bills ,
SEC probes Williams energy trading Inquiry into trading volumes, methods determining reserves Aug. 16 — Opening a fresh line of inquiry into Williams Cos., the Securities and Exchange Commission has asked the energy concern for information about how it accounts for credit and “prudency” reserves associated with its trading business.
SEC Chief Vows Ongoing Audit Probe of Halliburton
SEC investigates Halliburton Now that President Bush has already told in public that SEC will clear Cheney – I wonder What else I can do! Harvey Pitt Chairman - SEC
Computer Associates' Sanjay Kumar Resigns Davide Dukcevich, 06.04.04, 1:00 PM ET NEW YORK - Tech giant Computer Associates (nyse: CA - news - people ) said that Chief Software Architect Sanjay Kumar will resign from the company as the firm tries to resolve a criminal investigation into its accounting . Computer Associates said it is committed to reaching a settlement of the government's probe as soon as possible, and that Kumar's decision to step down was made in that spirit. Kumar, who resigned as chairman and chief executive in April, will cease all involvement with the firm, effective immediately.