November 01, 2006
Insurance Companies Altered Documents
“Whistle-blowers” claim to have proof insurance companies altered damage reports to deny coverage in the wake of Hurricane Katrina…
The Wall of Shame
October 11, 2006
McAfee CEO, Chairman Retires After Probe
McAfee President Kevin Weiss and CEO and Chairman George Samenuk were ousted by the antivirus and security software provider amidst allegations of stock option backdating…
September 26, 2006
The Dram Price Fixing Conspiracy
The Department of Justice also charged Alfred Censullo, a Regional Sales Manager for Micron Technology, Inc., with obstruction of justice. Censullo pleaded guilty and admitted to having withheld and altered documents responsive to a grand jury subpoena served on Micron…
September 20, 2006
Muskegon Man Pleads Guilty to Embezzling $1.5 Million
He altered documents that were submitted to the state for reimbursement of services, he said. He had access to accounts, and could move money from one to another…
September 01, 2006
Apple Hit by Second Wave of Options Backdating Suits
Collusion between officers and directors to assign bogus dates to stock-option grants so that they could illicitly profit smells like rotten apples.
August 21, 2006
BP Denies Allegations of Whitewashing Inspection Data
When faced with serious allegations of data manipulation that could affect the bottom line, BP did not have adequate proof of data integrity. As a result, the company was the target of negative press, a government investigation and additional testing.
August 21, 2006
Lawmakers Say FDA Better Clean Up Its Act
The FDA is exposing itself to claims of data manipulation and fraud by not having a more robust electronic data integrity program in effect.
August 14, 2006
Options Scandal Tests the Mettle of a New CEO
Following the disclosure that top executives has engaged in stock option backdating, Mercury Interactive Corp. CEO Tony Zingale was faced with the difficult task of getting the enterprise software company back on track with employees, customers and stockholders. As a result of the backdating scandal, Mercury paid more than $70 million in legal fees, hired 12 external law firms, was delisted form NASDAQ and had to make an accounting adjustment of $570 million…
August 10, 2006
U.S. Accuses Three Ex-Executives at Comverse Technology of Long-Running Scheme Scrambling to Avoid Detection
Federal authorities alleged that the trio were key players in a decade-long fraudulent scheme to manipulate the company’s stock options to enrich themselves and other employees. Their actions allegedly included lying to a company lawyer, misleading auditors and attempting to alter computer records to hide a secret options-related slush fund…
August 03, 2006
Judge Charged With Backdating Orders
A judicial panel charged that Superior Court Judge Robert George Spitzer allegedly backdated orders, conducted imparte communications with potential witnesses and failed to cooperate with state investigators reviewing the matter…
July 12, 2006
In Sycamore Suit, Memo Points To Backdating Claims
In an internal memo attached to a recent lawsuit, Sycamore Networks employees discussed how they could manipulate the dates of stock-option grants to make them more lucrative while keeping their actions hidden from the company’s auditors…
July 06, 2006
Coke Employee Faces Charges in Plot to Sell Secrets
Three people face federal charges of stealing confidential information, including a sample of a new drink, from The Coca-Cola Company and trying to sell it to ardent competitor PepsiCo Inc. Coca-Cola confirmed that the stolen documents were valid and highly confidential and were considered trade secrets – the information was so new in fact that it was still in the research and development phase…
June 05, 2006
Judge orders prominent Lincoln Park developer, Mark B. Weiss, to pay $775K for changing electronic
MB Financial Bank gave Mr. Weiss an electronic version of the document to print out and sign. But instead, Mr. Weiss subtly changed the document to make the terms more favorable to himself…
May 08, 2006
UnitedHealth Cites ‘Deficiency’ In Options Grants
Examining options grants at six companies, found that each of the 12 grants received by Dr. McGuire between 1994 and 2002 was dated just before a substantial run-up in the company’s share price …
April 20, 2006
Charges amended against Dahl
When a sales inventory data employee at an Iowa beer distributor knew that the distributor’s general manager was stealing money from escrow accounts, she manipulated financial records to reimburse $60,000 stolen from the escrow accounts and was charged with first-degree theft, fraudulent practices and as an accessory after the fact…
April 07, 2006
NYSE Exec Says She Altered Grasso Pay Figures
"I clicked ‘hide column’,” she said in the deposition …
March 18, 2006
Bear Stearns and Merrill Lynch Pay Combined $255 Million in Fines for Security Fraud
The firm’s brokerage unit was accused of facilitating its customers in “late trading”—a practice in which some preferred customers were allowed to buy and sell mutual funds even after the market closed…
February 13, 2006
Dangers on the Digital Frontier
The Web makes it possible for “group scrutiny” to provide a kind of self-policing function, though outing fakes takes some time…
January 12, 2006
South Korean Scientist Apologizes for Deception, Says Data Were Doctored by Others
Much of prominent South Korean stem cell scientist Hwang Woo Suk’s research was discredited based on findings that his research was faked. The allegations of inauthentic research led to a prosecutorial investigation, public backlash and unspecified disciplinary action for Hwang....
Industry Solutions
Next Steps
- Home
- Company
- Contact US
- News
- Blog
- Legal & Privacy
- Sitemap
- Copyright © 2008 Surety, LLC All Rights Reserved