Witness Testifies WorldCom Faked Numbers
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Two WorldCom Inc. accountants agreed to cover up &#36;800 million in expenses only after learning that Chief Executive Bernard Ebbers refused to warn investors that profits were worse than expected, they testified at Ebbers' fraud trial on Wednesday.
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Witness accounts after huge waves triggered by an earthquake devastated Asia.
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Lawyers for the former WorldCom Inc. chief executive have asked a judge to force the government to grant two witnesses immunity from prosecution so they will testify on his behalf at an upcoming trial.  -The Washington Post
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A federal judge approved a $2.575 billion settlement of a class-action lawsuit by WorldCom investors who claimed they were defrauded by Citigroup, the second-largest settlement ever in a securities fraud case. When the tentative pact was announced by Citigroup in May, it was for $2.65 billion, but the agreement presented to the judge was reduced by $75 million. Investors accused Citigroup of hiding WorldCom's financial risks when it helped sell $10 billion of WorldCom debt in 2001.
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The first witness in the fraud trial of celebrity pathologist Cyril Wecht answered questions Tuesday about federal prosecutors' most salacious accusation Â that Wecht illegally traded cadavers from the county morgue for free lab space at a local university.
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A witness in the trial of actor Chris Langham is recalled by the court after his evidence is contradicted.
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A witness testified in a Delaware courtroom Tuesday that the compensation package given to former Walt Disney Co. President Michael Ovitz was unreasonable, Reuters reports.
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Fake phone contest scandal resurfaces with another alleged case of viewer deception.
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Prosecutors want to know whether the business development company obtained the phone records of a critic through impersonation.
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Lawyers for Bernard Ebbers, the former chief executive of WorldCom, won the right to introduce personal details about the prosecution's main witness.
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Two WorldCom Inc. accountants agreed  to cover up $800 million in expenses only after learning that  Chief Executive Bernard Ebbers refused to warn investors that  profits were worse than expected, they testified at Ebbers'  fraud trial on Wednesday.
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BBC World said on Friday it was duped in  an "elaborate deception" by a man who claimed to be a Dow  Chemical Co. spokesman and said in an interview the U.S.  company accepted responsibility for India's Bhopal disaster.
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Former WorldCom Inc. chief Bernard Ebbers told "lie after lie after lie" about the telecommunications giant's crumbling finances to protect its stock price and his own personal wealth, a federal prosecutor said Tuesday in opening statements at Ebbers' fraud trial.
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Ofcom finds 'widespread and systematic deception' in premium-rate call competitions.
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So-called data brokers used false identities to obtain private information, wireless firm charges.
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NEW YORK, September 22  - A witness in the first Enron criminal trial, and a former executive at the company, testified today that she believed that the Enron executives now on trial were involved in an effort to hide an illicit deal
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Source says local phone company won&#39;t deny or admit to charges of financial and disclosure fraud. WASHINGTON  - Qwest Communications International Inc.