House Panel Questioning SEC Auditors On Madoff *
Jan 5th, 2009 · The panel wants to find out why the agency didn't detect $50 billion in alleged fraud by Bernard Madoff's investment firm, despite numerous warnings dating back to at least 1999.
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Candidate For Re-Election Barred From Politicking *
Oct 29th, 2008 · Tom Salmon is running for re-election as Vermont's state auditor. Salmon is serving in Iraq with the U.S. Naval Reserve. He isn't allowed to participate in his campaign because of a Pentagon ban on politicking by active duty members of the military. Steve Zind of Vermont Public Radio reports.
Cleveland's Cuyahoga County Offices Raided
Jul 29th, 2008 · FBI and Internal Revenue Service agents raided Cleveland's Cuyahoga County offices, businesses and homes Monday, serving warrants as part of a public corruption investigation. Agents searched the offices of the county's auditor and commissioner. Dan Bobkoff reports for member station WCPN.
Loan Auditor: Supervisors Covered Up Bad Loans ****
May 27th, 2008 · Homeowners are facing foreclosures because they received loans that never should have been approved. One of the mysteries of the subprime mortgage crisis is whether Wall Street banks that were packaging and selling the mortgages knew that lots of them would go sour. One former employee says auditors working for investment banks knew about the flawed loans.
New Century's Risky Lending Practices Detailed
Mar 26th, 2008 · A report commissioned by a bankruptcy court finds New Century -- once the second-largest sub-prime lender -- had a "brazen obsession" with selling more loans without due regard to the risk. The report also alleges negligence by the company's auditor, KPMG.
Auditors, DHS Disagree on Radiation Detectors
Sep 19th, 2007 · The Department of Homeland Security wants to buy new radiation detection equipment for ports, where alarms can currently be set off by bananas, kitty litter and other things that emit radiation. But congressional auditors say tests done on the new machines were biased.
Pentagon Officials Want GAO to Revise Iraq Report
Aug 30th, 2007 · Pentagon officials are asking Congressional auditors to revise some of the negative findings on a report about Iraq, a military spokesman said Thursday. Pentagon press secretary Geoff Morrell said policy officials "made some factual corrections" and "offered some suggestions on a few of the actual grades" in a Government Accountability Office report that has not yet been made public.
Enron's Skilling Sentenced to 24 Years for Fraud
Oct 23rd, 2006 · A federal judge sentences Jeffrey Skilling, the former CEO of Enron, to 24 years and four months in prison. U.S. District Judge Sim Lake also turned down Skilling's request to remain free while he appeals his conviction of fraud, conspiracy, insider trading and lying to auditors.
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