-
Florida Representative Resigns over Inappropriate E-Mails
The AP reports (here) that Florida Representative Mark Foley has resigned from Congress because of five inappropriate e-mails he sent to a then 16-year old former Congressional page, one of which asked for his picture. The e-mails have been posted on the website for Citizens for Responsibility and Ethics in Washington (CREW) and were reported…
-
Attorney’s Fees and the Fifth Amendment Privilege
It is not every day that a company’s most recent general counsel and corporate ethics officer assert their Fifth Amendment privilege at the same hearing, but that’s what happened at the hearing before the House Energy & Commerce Subcommittee investigating Hewlett-Packard’s internal investigation that involved "pretexting" to obtain personal records. Ann Baskins, the general counsel…
-
Abramoff Gets a Little More Time on the Outside
In a joint request by federal prosecutors and defense counsel, U.S. District Court Judge Paul Huck postponed the prison reporting date for former superlobbyist Jack Abramoff from October 2 until November 15. Judge Huck expressed some reluctance to grant the request, according to an AP story (here), stating that "there comes a time when people…
-
Kobi Alexander On Ice for the Weekend
Former Comverse Technology CEO Kobi Alexander will be sitting in a Namibian jail for the weekend after a magistrate postponed a hearing on his extradition to the United States until Monday, October 2. Alexander was arrested on Sept. 27, after the Parliament enacted a provision authorizing the government to extradite him to the United States…
-
CSK Auto Finds Accounting Problems and Fires Employees
CSK Auto Corp. announced that its internal investigation turned up problems with its accounting that triggered the firing to two senior executives and others who worked on the finance side of the company. A press release (here) states: [T]he Audit Committee of its Board of Directors has substantially completed its previously announced internal investigation (commenced…
-
ABA National Institute on Securities Fraud
The first day of the ABA’s National Institute on Securities Fraud provided interesting perspectives on a host of issues. Catching the luncheon speaker and two afternoon panels confirmed to me that this was a well balanced program, that was offering both government and defense perspectives. It was also nice to see the judiciary participating. Details…
-
Everyone Takes the Fifth
The first panel before the House Energy & Commerce Subcommittee investigating "pretexting" by Hewlett-Packard has come and gone, and all of them asserted their Fifth Amendment privilege and refused to answer questions. Among those who asserted the Fifth were H-P’s former general counsel, Ann Baskins, who announced her resignation shortly before the hearing, former chief…
-
March of the Private Investigators
The impending House Energy and Commerce Subcommittee hearing promises to have some potential fireworks, or a parade of witnesses taking the Fifth Amendment, with the issuance of subpoenas the day before the hearing to five private investigators who purportedly did the "pretexting" on behalf of Hewlett-Packard. According to an AP story (here), the five PIs…
-
Dropping the Hammer on Kobi Alexander
Former Comverse Technology CEO Kobi Alexander went into hiding in July when criminal charges appeared on the horizon, along with $57 million, according to the government, and wound up in a place few would have expected. Alexander was arrested in Namibia, which was once part of South Africa and only gained independence in 1990. The…
-
SEC Files Accounting Fraud Charges Against Three Former RenaissanceRe Executives
The SEC filed a civil action (here) in the U.S. District Court for the Southern District of New York alleging that James Stanard, the former CEO of RenaissanceRe Holdings, which is based in Bermuda, Martin Merritt, the company’s former controller, and Michael Cash, a former executive at a RenRe subsidiary, alleging fraud in a pair…
-
Subscribe
Subscribed
Already have a WordPress.com account? Log in now.
MattBray.net 