Guilty plea expected from ex-Qwest executive
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Tom Hall, the last of the four executives at Qwest Communications International awaiting trial, has agreed to plead guilty. His attorney told the court that Hall would be willing to enter a plea.
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A former executive at Computer Associates was sentenced Monday after pleading guilty to conspiracy charges in connection with a scheme to artificially bolster the companyâs quarterly revenue.
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A former D.C public charter school official intends to plead guilty to stealing hundreds of thousands of dollars and steering contracts to consulting firms -- some fictitious -- that she ran or that were run by family and friends, according to documents recently filed in federal court.
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Qwest Communications International, the US telecommunications group, is understood to have agreed to pay $250 million to end a two-year federal probe of alleged fraudulent accounting practices employed by former management.
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Former Qwest Communications Inc. (QN: Quote, Profile, Research) executive Tom Hall, who was scheduled to go on trial next month for accounting fraud, will plead guilty, his attorney said on Friday in a court filing.
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Qwest Communications International Inc. (QN: Quote, Profile, Research) has agreed to pay $250 million to settle financial and disclosure fraud charges, a source familiar with the matter said on Friday.
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(InfoWorld) - Former WorldCom Inc. chief executive Bernard Ebbers is scheduled to report to a federal prison Tuesday to begin a 25-year sentence related to his role in the accounting misstatements that led to the telecommunications giant's bankruptcy. Ebbers was convicted in March 2005 of one count of conspiracy to commit securities fraud, one count of securities fraud and seven counts of false filing with the U.S. Securities and Exchange Commission (SEC). In July, an appeals court upheld his conviction and sentence. Ebbers has been ordered to report to prison by 2 p.m. EST Tuesday, according to the U.S. Attorney's Office for the Southern District of New York. An inmate's federal prison assignment is not public information until after he's jailed, said a spokeswoman for the U.S. Department of Justice's Bureau of Prisons. The indictment against Ebbers charged that in 2000 he took part in a scheme to falsely inflate revenue and the price of WorldCom's stock. Ebbers said he didn't know of the financial irregularities. WorldCom, which later changed its name to MCI Inc., filed for bankruptcy in July 2002 after disclosing that employees falsified records to inflate revenue. In April 2004, MCI agreed to a $750 million settlement for accounting irregularities with the SEC. Verizon Communications Inc. purchased MCI in a deal worth $8.5 billion in cash and stock that closed in January.
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A former crematory operator accused of dumping 334 bodies on his property and passing off cement dust as ashes has agreed to plead guilty to criminal charges, prosecutors said in a letter to families of the deceased.
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A former senior executive at Refco pleaded guilty on Wednesday to fraud charges for his role in the collapse of the futures and commodities broker.
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WorldCom's former CEO Bernard Ebbers is scheduled to report to prison today to begin a 25-year sentence for his role in accounting misstatements that led to the company's bankruptcy.
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Man accused of being head of bodysnatching ring that stole the bones of broadcaster set to plead guilty
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ATLANTA, Jan. 6 -- A former crematory operator who admitted dumping 334 bodies and passing off cement dust as their ashes will plead guilty Friday to related charges in Tennessee and begin serving his sentence in Georgia, his attorney said.
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A former senior Refco Inc executive  pleaded guilty on Wednesday to criminal charges for his role in  an alleged fraud that led to the collapse of the futures and  commodities broker.
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Former Gov. John G. Rowland, driven from office by a corruption scandal, said in court Thursday that he would plead guilty to a single federal charge.
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The former chief executive of Refco pleaded guilty Friday to conspiracy and fraud charges that carry a possible prison term of more than 300 years.
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Qwest Communications International Inc. agreed to pay $250 million in two installments to settle a two-and-a-half-year investigation by the US Securities and Exchange Commission.
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Thursday&#39;s agreement between Qwest Communications and federal regulator settles allegations of &quot;massive financial fraud&quot; at a price of $250 million.