What's the status of other recent high-profile corporate scandals?

By The Associated Press
Saturday, March 06, 2004 | 6 comment(s)

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A look at some recent high-profile corporate scandals:

€ Adelphia Communications Corp.: Founder John Rigas, his two sons and former assistant treasurer Michael Mulcahey are on trial in federal court, accused of stealing tens of millions of dollars from the cable television giant's investors to support a lavish lifestyle.

€ Credit Suisse First Boston: Frank Quattrone, the company's former investment banking star, is scheduled to be retried in April on federal charges of obstruction of justice, after a trial last year ended in a hung jury. Quattrone made a fortune taking Internet companies public during the dot-com stock craze.

€ Enron Corp.: Former chief executive Jeffrey Skilling pleaded innocent in February to fraud, conspiracy, insider trading and other federal counts related to the once-mighty energy giant's collapse. Former chief financial officer Andrew Fastow has pleaded guilty to two counts of conspiracy and agreed to cooperate with prosecutors.

€ HealthSouth Corp.: Fired CEO Richard Scrushy is scheduled for trial in August on federal charges of leading a multibillion-dollar scheme to overstate HealthSouth earnings to make it appear the company was meeting Wall Street forecasts.

€ Qwest Communications International Inc.: Four former executives - Thomas Hall, Bryan Treadway, Grant Graham and John Walker - are on trial in federal court, accused of plotting to help the company improperly book $34 million in revenue.

€ Tyco Corp.: Former CEO L. Dennis Kozlowski and former CFO Mark Swartz are on trial for allegedly stealing $600 million from the company. The jury is expected to begin deliberations next week.

€ WorldCom Inc.: Former CEO Bernard Ebbers pleaded innocent Wednesday to federal fraud and conspiracy charges for allegedly directing a massive accounting fraud now estimated at $11 billion. Former CFO Scott Sullivan pleaded guilty a day earlier to conspiracy and securities fraud charges and agreed to testify against Ebbers.
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Nick Reynolds wrote on Apr 25, 2008 7:01 PM:

Uh...ok!?
I personally think this is a great idea. As a fan of target shooting I sometimes try and find somewhere in the woods somewhere to shoot and it's hard to find a place where it will be safe. This will help eliminate shot up signs and busted glass in the woods and on the back trails. Let's hurry and make this happen!

sesshh wrote on Aug 5, 2007 9:05 AM:

This whole thing is just a Peliosi/Reid socialist machine cat fight with the president.They could care less about what is really needed(As usual).All they care about is another jab against thier enemy Bush.

heidi wrote on Jul 15, 2007 9:59 PM:

what about people not stopping for the school buses with their lights flashing at a stop for are child.

Tina wrote on Jul 15, 2007 12:50 PM:

what was the driver deaf or what to not know he was possible going to be hit by a police cruiser?

don wrote on Jul 14, 2007 1:44 PM:

Well, that is a good example of the type of drivers there are around here. I have never seen so many people DISOBEY the law in my life. I have come close to getting hit from behind twice and I was STOPPED. There are a lot of bad drivers around here.

Richard wrote on Nov 30, 2006 12:53 PM:

Very nice article, unfortunately pretty soon the morons are going to start blaming the rainfall on "global warming." Only morons believe global has anything to do with humanity, or humans can do anything about it. Imbeciles...all of 'em.


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