Commission Also Settles Claims Against KLA-Tencor

SEC charges Conagra Foods, Inc. in financial fraud and accounting case.

Although it seems counterintuitive to predict increasing fraud in a healthy, booming economic market, a new theoretical paper just published in the July issue of The Review of Financial Studies explores that scenario and identifies other key factors that contribute to the probability of fraud in different market and business cycles.

Verdict's are in, and Conrad Black has been found guilty of three counts of fraud - so the BBC announce. But has he? Sorta kinda. Mark Steyn has been covering the entire trial, and has been pretty unimpressed at the Government's cases - there were thirteen charges including racketeering, the sort of thing Al Capone did. As Steyn says the verdict is that:

The Securities and Exchange Commission filed on July 12 a civil injunctive action against Michael F. Shanahan, Sr. (Shanahan), the former Chief Executive Officer and Chairman of the Board of Engineered Support Systems, Inc., and his son, Michael F. Shanahan, Jr. (Shanahan Jr.), a former member of Engineered Support's Compensation Committee of its Board of Directors.

SEC Votes to Adopt Antifraud Rule Under Investment Advisers Act

Distribution Marks the Commission's Distribution of More Than $2 Billion of Fair Fund Monies to Injured Investors

The Securities and Exchange Commission has filed securities fraud charges against two Texas individuals in a high-tech scam that hijacked personal computers nationwide to disseminate millions of spam emails and cheat investors out of more than $4.6 million.

Oh, what a tangled web we weave, When first we practice to deceive!
(Quote from Sir Walter Scott 1771-1832)

The Royal Dutch Shell Group is once again caught deceiving the public.

...to Mutual Fund Investors Injured by Columbia Market Timing Fraud

A judge Wednesday ordered Adelphia founder John Rigas and his son, Timothy Rigas, to report to prison on Aug. 13, nearly three years after they were convicted of one of the largest corporate frauds in U.S. history. Both men had been free on bail while they appealed, but U.S. District Judge Leonard Sand said the time had come for the two to start paying their debt to society, The Associated Press reported.

Royal Dutch Shell fights it out in multi-billion dollar worldwide class action lawsuit arising from the reserves fraud which first hit the news headlines in January 2004