Category: Fraud

More Charges Against Olympus CEO

New criminal charges were made against former Olympus top executives by the Japanese government last week. The first charges were made in February stemming from $1.7 billion in losses at the company which were hidden by company leaders. Chief executive…

Canada: Nortel Execs Stole Bonuses

Jan. 17, 2012 – The Canadian government is trying a former Nortel Networks CEO and two other executives for fraud. Frank Dunn along with former CFO Douglas Beatty and Comptroller Michael Gollogly cooked the books with the primary goal of…

CEO Grabs $11.5 Million in Alleged Fraud

Jan. 4, 2012 – The Securities and Exchange Commission said a Texas company called Life Partners Holding has defrauded investors. Life Partners buys life insurance policies from individuals in order to collect when they die. “Life Partners duped its shareholders…

CEO Returns $2.8 Million Earned During Fraud

The former chairman and CEO of CSK Auto Corp. greed to return $2.8 million in bonus compensation and stock profits that he received while the company was committing accounting fraud. The Securities and Exchange Commission said CSK Auto was fraudulently…