The rogues gallery of accounting scandals through the years The resignation of nine Toshiba executives, including the CEO, for doctoring books places the company beside the growing rogues' gallery of corporate desperados. The Houston company set a new standard for creative accounting practices. Tyco's CEO Dennis Kozlowski became the singular image of excess on Wall Street, throwing a $2 million birthday party for his...
Source: The Associated Press
| By: By The Associated Press
Ex-accounting executive avoids prison in Madoff fraud case NEW YORK, July 9- A former associate of Bernard Madoff avoided prison on Thursday for his role in perpetuating the fraudster's massive Ponzi scheme because of his extensive cooperation with prosecutors. Paul Konigsberg, 79, a lawyer and accounting firm executive, pleaded guilty in June 2014 to charges of conspiracy and falsifying books and records.
| By: Joseph Ax
Who's watching the financial advisory industry? It's almost universally acknowledged that the current regime for examining the some 11,500 registered investment advisors in the U.S. is inadequate.
| By: Andrew Osterland, special to CNBC.com