Charges filed in one of the worst accounting scams

Article Abstract:

Two former co-presidents at HBO and Co, a health care software company acquired by McKesson Corp in 1999, were indicted on Sep 28, 2000 on criminal fraud charges for allegedly inflating HBO's financial results by prematurely booking $40 million in sales from 1997 to 1999. The accounting scam resulted in a loss of $9 billion in market value for the merged company, McKesson HBOC. If found guilty, Albert Bergonzi and Jay Gilbertson could spend up to 10 years in prison and be fined up to $1 million each.

HBO and Co., Home health software

---

Quattrone charged in IPO case

Article Abstract:

The author examines the arrest of Frank Quattrone by the U.S. Department of Justice on charges of obstruction of justice. Topics include investigations into initial public offerings, use of e-mail systems, and securities fraud.

Telegraph & other communications, Wired Telecommunications Carriers, Electronic Mail Services, Company legal issue, Cases, Investigations, United States. Department of Justice, Electronic mail systems, E-mail, Email, Securities fraud, Going public (Securities), Initial public offerings, Company public offering, Quattrone, Frank, Obstruction of justice

---

Crisis lawyer tackles new target: hedge funds; seeks legislation of secretive business

Article Abstract:

Attorney Lanny Davis is compiling a crisis management plan for companies hit with accounting scandals. He will attend United States Securities and Exchange Commission hearings on hedge funds.

Government regulation (cont), Government regulation, Public affairs, Laws, regulations and rules, Political activity, Hedge funds, Davis, Lanny

Similar abstracts:

• Abstracts: MCI WorldCom plans Internet services targeted at businesses. A WorldCom what-if scenario
• Abstracts: Web sites' merger signals consolidation of China's Internet industry. F.C.C. approves AOL-Time Warner deal, with conditions
• Abstracts: $1.7B could settle accusations that MetLife misled customers. Congress grills Ford, Firestone, NHTSA
• Abstracts: Lawsuit has potential to widen Firestone tire investigation. Tires to be recalled

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.