Thursday 26 October 2006 Former Enron CEO Jeffrey Skilling was sentenced to 24 years and four months in jail on Monday for his role in the disastrous collapse of one of the biggest energy traders in the U.S. Skilling also will have to repay $45 million to the defunct company's investors. The former CEO was found guilty of 19 accusations including fraud and conspiracy in May, a conviction which he has said he'll appeal. Skilling appeared in court alone, since his co-defendant Ken Lay, also convicted in May, died in July. The Enron bankruptcy led to thousands of lost jobs and ruined its investors.
Friday 29 September 2006 TORONTO: CANADIAN BANKS REACT CAUTIOUSLY IN LATEST ENRON DEVELOPMENT
Two Canadian banks named as important players in the Enron scandal by a former Enron executive who received a jail term on Tuesday have reacted with caution. Royal Bank of Canada and Toronto Dominion Bank were named in a statement by the defunct energy trader's former chief financial officer, Andrew Fastow, as he was given a six-year jail term. Enron's collapse wiped out $60 billion of market value and cost thousands of jobs in late 2001. Fastow says the two Canadian banks and other financial institutions helped him to set up financial structures that hid debt and boosted financial results. TD reacted by declining to comment on the grounds that the scandal is still in the courts. RBC said the bank would defend itself aggressively, but refused other commentary. Last year, a third Canadian bank, Imperial Bank of Commerce, settled various Enron-related legal actions with the payment of $2.4 billion US.
Andrew Fastow, Enron's former chief financial officer, after he was sentenced on Tuesday.
The judge said he gave Andrew Fastow a lighter sentence in part because he has been “persecuted” since Enron's collapse
ENRON : THE SMARTEST GUYS IN THE ROOM 
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The chronicle takes a look at the greatest corporate disasters in history. Top executives from the 7th largest company in USA walked away with over one billion dollars, leaving investors and employees with nothing.
Wed 4/12/2006 The Enron trial in Houston saw Jeffrey Skilling, the firm's chief executive for six months in 2001, take the stand. He has pleaded not guilty of the fraud that led to the energy-trader's collapse.
Wednesday Apr 12, 2006 nyt World Bank Chief Outlines a War on Fraud By CELIA W. DUGGER
Paul D. Wolfowitz has in recent months made corruption the defining issue of his brief tenure at the bank.
Sunday Feb 26, 2006 nyt For Ken Lay, Enron's Riches Turning to Ruin By ALEXEI BARRIONUEVO and KURT EICHENWALD
The ex-chief of Enron is keeping up appearances, but his stated net worth now stands at less than $650,000.
Thursday Feb 23, 2006 nyt Executives Modified Enron Data, Jury Is Told By ALEXEI BARRIONUEVO
A witness testified that Kenneth L. Lay took an active role in preparing misleading and often conflicting statements about Enron's financial conditions.
Saturday Feb 18, 2006 np SEC puts spotlight on executive pay
NEW YORK CITY - The Securities and Exchange Commission is circulating for comment tougher rules to crack down on excessive executive compensation. Among reforms will be the requirement that companies disclose on one page in plain English the complete tally sheet paid to their top brass.
Thursday Feb 2, 2006 nyt Ex-Executive Says Enron Fudged Data
By ALEXEI BARRIONUEVO
Mark E. Koenig said he lied to analysts on several occasions about the source of supposed revenues in the broadband business.
Tuesday Jan 31, 2006 nyt >Enron Happens
By HENRY T. C. HU
Can Enron happen again? Yes. Does this mean our corporate governance system isn't doing enough to deter fraud? Not necessarily.
nyt An Enron Jury Free of Grudges? Easy, Judge Says
By ALEXEI BARRIONUEVO and SIMON ROMERO
The judge in the trial of Kenneth L. Lay and Jeffrey K. Skilling said jury questionnaires did not show prejudice against the men.
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Complete Coverage: The Enron Trial
The criminal trial of the former Enron executives Kenneth L. Lay and Jeffrey K. Skilling begins today. The Times's coverage includes background information, documents and a video discussion with Times business reporters.
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2005
Thursday Dec 29, 2005 ec The case against Enron’s former bosses
Enron’s former chief accounting officer is set to accept a plea-bargain deal and testify against his erstwhile bosses at the bust energy firm, Jeffrey Skilling and Kenneth Lay. This will give prosecutors an important new ally, but the outcome of the upcoming trial is still far from certain
Full article
Thursday Dec 29, 2005 rciu Enron's former chief accountant, Richard Causey, Wednesday pleaded guilty to securities fraud in exchange for a possible seven-year jail sentence for his role in the 2001 collapse of the power-trading giant. He also agreed to forfeit more than one million dollars. Mr Causey had been scheduled to face trial next month with former Enron chief executives Ken Lay and Jeff Skilling, but now is likely to cooperate with federal prosecutors against his former bosses as part of his plea bargain. Mr Causey was a key figure in the huge financial scandal that drove Enron to bankruptcy in December 2001 amid revelations the company had used off-the-books partnership deals to hide billions of dollars in losses and inflate profits. Meanwhile, the judge overseeing the trial of Ken Lay and Jeff Skilling Wednesday delayed the start of their trial to January 30 from January 17, following Mr Causey's decision to plead guilty.
Friday Dec 2, 2005 wn CHICAGO: FORMER PRESS LORD PLEADS NOT GUILTY
Canadian-born former newspaper tycoon Conrad Black has entered a plea of not guilty at his fraud trial in Chicago.
Friday Dec 2, 2005 rci The Canadian Imperial Bank of Commerce has announced a yearly loss of $32 million. CIBC also announced on Thursday that it has laid off 15 per cent of its executives and intends to cut 900 other jobs to bring its cost structure into line with its competitors. The bank says the elimination of 50 executive jobs during the last two quarters led to an expenditure of $100 million in severance expenses.
Sunday Nov 13, 2005 nyt v Remedial Ethics
By CHRISTOPHER BUCKLEY
President Bush's staff finally gets a refresher course on ethics.
Friday Aug 26, 2005 ts Enron effect takes toll on TD earnings
The Enron effect continues to ripple through the Canadian banking sector with Toronto Dominion Bank reporting a drop in profits and Canada's largest bank expected to do the same today.
see wn TD
Saturday Aug 20, 2005 ts CEOs` reigns of error have big payoffs
One of the more outrageous aspects of the phenomenon of excessive CEO compensation is a spectacular payoff for ousted bosses.
Friday Aug 12, 2005 ts WorldCom officer handed jail term
NEW YORK—The former director of general accounting at WorldCom Inc. has been sentenced to one year and one day in prison for his role in the company`s record $11 billion (U.S.) fraud.
Wednesday Aug 3, 2005 nyt CIBC Pays to Settle Enron Case
By JEFF BAILEY
Canadian Imperial Bank of Commerce agreed to pay $2.4 billion to settle claims that it helped hide losses at the Enron Corporation.
Wednesday Aug 3, 2005 ts Enron costs CIBC $2.4 billion U.S.
Canadian Imperial Bank of Commerce agreed yesterday to pay $2.4 billion (U.S.) to settle class-action claims related to the collapse of Enron Corp., the largest single payment to date in a series of settlements among major financial institutions.
Sunday Jul 17, 2005 nyt Counting Corporate Crooks
By STACY We need to have the same fix on white collar crime that we have on murder.
07/13/05 mw
CORRECT: Ex-WorldCom CEO Ebbers sentenced to 25 yrs-WSJ (MCIP) By Carolyn Pritchard
SAN FRANCISCO (MarketWatch) -- Bernard Ebbers, the former chief executive officer of WorldCom Inc. (MCIP) , was sentenced to 25 years in prison on Wednesday, almost three years after the telecommunications company collapsed in a massive accounting fraud, the Wall Street Journal reported on its Web site. Ebbers was convicted in March of all nine counts against him, including conspiracy and securities fraud, related to the $11 billion scandal, the Journal noted. (Corrects length of sentence.)
Thursday Apr 14, 2005 ec
The fall of Enron
Tuesday Mar 15, 2005 nyt
Captains of Piracy
By NICHOLAS D. KRISTOF
In Russia, those who manipulate capitalism to gain fabulous wealth are called the oligarchs, and they sometimes end up in prison. Here we just call such people C.E.O.'s, and we put them in prison less often
Check out the quote: As John Kenneth Galbraith once put it: "The salary of the chief executive of a large corporation is not a market award for achievement. It is frequently in the nature of a warm personal gesture by the individual to himself."
Tuesday Mar 15, 2005 nyt
Ex-Chief of WorldCom Convicted of Fraud Charges
Bernard J. Ebbers, the former chief executive of WorldCom, was found guilty today on all nine counts of orchestrating a record $11 billion fraud that bankrupted his company.
Mr. Ebbers, 63, was convicted of securities fraud, conspiracy and seven counts of filing false reports with regulators. He now faces up to life in prison, with the convictions collectively carrying a maximum penalty of 85 years in prison. Sentencing was set for June 13. He remains free on bail.
Tuesday Mar 15, 2005 Forbs Bernie Ebbers' conviction of conspiracy and fraud in connection with the 2002 collapse of the Worldcom - at last, Martha Stewart's not alone!
Sunday Jan 23, 2005 cbc SURPRISE GUILTY PLEA AT ERON MORTGAGE TRIAL
The former president of Eron Mortgage unexpectedly pleaded guilty to
fraud and theft Friday just as his trial got underway in what has been
called the biggest swindle in British Columbia history.
Dec 12, 2004 cbc click for John Manley, who served in a number of federal portfolios, left politics to join the board of Nortel Networks Corp. in May. Now he has enroled in the Directors College at McMaster University in Hamilton.
Getting on board
John Manley, Ottawa`s former minister of many portfolios, has jumped from one frying pan to another. Now he`s getting prepared for his new life.
Friday Dec 3, 2004 cbc CIBC POSTS LOWER Q4 PROFITS, NAMES NEW PRESIDENT
CIBC reported lower fourth-quarter profits Thursday after taking a
$300-million provision for lawsuits related to its dealings with failed
U.S. energy trading firm Enron.
Sunday Sep 19, 2004 ts
SEC probing creditor: MCI
WASHINGTON—MCI Inc. says a U.S. probe into the WorldCom bankruptcy case is focused on one former member of the creditors committee that oversaw the company`s emergence from the largest U.S. bankruptcy-court filing..
Sunday Jul 18, 2004 cbc
MARTHA STEWART HANDED 5 MONTHS IN PRISON
A U.S. judge handed domestic icon Martha Stewart a five-month prison
term on Friday for her role in a stock-trading scandal.
Saturday Jul 17, 2004 ts Court blesses Enron`s plan to exit bankruptcy protection
HOUSTON—Enron Corp.`s plan to emerge from one of the most expensive and complicated bankruptcies in history — and to sell off most of its remaining pieces — received court approval yesterday. The Enron name will disappear and most creditors will receive about 20 cents on the dollar
Tuesday 8 Jun 2004 ark
Enron's old nemesis launches energy hedge fund
HOUSTON - Long before he made a name for himself as the analyst who most annoyed Enron Corp. (ENRNQ.PK: Quote, Profile, Research) , John Olson built a reputation as a research guru with a sharp eye for energy investments.
Wednesday May 12, 2004 nyt
Citigroup Agrees to a Settlement Over WorldCom
oping to close the books on its role as lead banker to WorldCom, Citigroup yesterday agreed to pay $2.65 billion to investors who bought stock and bonds in the telecommunications giant before its bankruptcy filing two years ago. Chart: Small Rewards, Big Settlement
Friday May 7, 2004 ts
Wife of former Enron CFO sentenced to year in prison
HOUSTON—The wife of former Enron Corp. chief financial officer Andrew Fastow pleaded guilty yesterday to a misdemeanour tax charge and was sentenced to 12 months in prison, becoming the second former Enron officer to be convicted.
Thursday May 6, 2004 ec
The lunatic you work for
If the corporation were a person, would that person be a psychopath?
TO THE anti-globalisers, the corporation is a devilish instrument of environmental destruction, class oppression and imperial conquest. But is it also pathologically insane? That is the provocative conclusion of an award-winning documentary film, called “The Corporation”, coming soon to a cinema near you.
Wednesday May 5, 2004 TORONTO: MAGNA CHAIRMAN'S PAY UNDER FIRE
One of the biggest investors in the Aurora, Ont-based auto parts giant Magna International Inc. says it will vote against re-election of the company's board of directors because of its alleged complaisance regarding the remuneration of its founder and chairman. The Ontario Teachers' Pension Plan complains that the directors lack the independence to decide suitable remuneration for Frank Stronach. The pension plan says it will vote against the directors at Magna's annual meeting on Thursday. The fund owns 700,000 shares of Magna worth $75 million US. Mr. Stronach controls Magna through multiple-voting shares. His total compensation last year was $54.3 million US. The fund criticizes the revelation in the company's annual circular that he received $34.5 million US in "other compensation" last year and says there is no visible connection between that entry and Mr. Stronach's performance.
Tuesday 2 Mar 2004 cbc
WORLDCOM'S EBBERS INDICTED FOR FRAUD
Bernie Ebbers, the Alberta-born executive who used to head WorldCom
before it plunged into scandal and bankruptcy, has been indicted on
federal charges and his former lieutenant has agreed to testify against
him.
Friday 20 Feb 2004 cbc
FORMER ENRON CHIEF FACES 40 FEDERAL CHARGES
Jeffrey Skilling, the former CEO of Enron Corp., has been accused of 40
counts of insider trading and misleading regulators and investors in the
collapse of the energy company.
Friday 20 Feb 2004 cbc
STEWART WANTED COMPANY TO COVER COFFEE, HAIR CUTS: CFO
Former CEO Martha Stewart fought to have her company pay for small
personal expenses, the chief financial officer of Martha Stewart Living
Omnimedia testified Thursday.
Thursday Jan 15, 2004 ts
Ex-Enron financial chief Andrew Fastow, left, arrives at Houston federal court yesterday with an attorney. Fastow pleaded guilty to wire and securities fraud and agreed to co-operate with prosecutors in exchange for what seems to be a lighter prison sentence.
Enron's 'dogs and ducks' turn up piggies
Ex-Enron financial chief Andrew Fastow, left, arrives at Houston federal court yesterday with an attorney. Fastow pleaded guilty to wire and securities fraud and agreed to co-operate with prosecutors in exchange for what seems to be a lighter prison sentence.
Wednesday Jan 14, 2004 bbc Key Enron boss 'pleading guilty'
The former finance chief of the collapsed US energy firm has agreed to plead guilty to fraud charges, it is reported.
2003
Friday Dec 5, 2003 ts
Enron report takes shot at Royal Bank
Conclusions wrong, bank says
Examiner also blames auditors
Tuesday Jul 29, 2003 cbc
CIBC AIDED ENRON ON FINANCIAL DEALINGS: REPORT
Shares of CIBC were down moderately on Tuesday in the wake of a report
that the bank was one of several that facilitated Enron's notorious
financial dealings.
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Enron creditors 'to lose four fifths'
Bankrupt energy firm Enron says most creditors will get 14-18 cents for every dollar owed, and says it will split itself in two. |
Saturday Jul 12, 2003 cbc
ENRON UNVEILS RESTRUCTURING PLAN
Enron unveiled a restructuring plan on Friday that will see creditors
get only a small portion of what they're owed by the company.
Thursday Jul 3, 2003 bbc WorldCom to pay record fine
A US court approves a $750m fine for disgraced telecom giant WorldCom, following its $11bn accounting fraud.
Thursday Jul 3, 2003 bbc WorldCom: Shares to fraud victims
The bankrupt telecoms firm, due to be called MCI, offers $250m in shares to investors who lost money from the WorldCom fraud.
Saturday Jun 28, 2003 ec The shakedown continues
The Wall Street legal saga has taken another turn, with investors settling a class-action lawsuit against more than 300 companies that issued initial public offerings during the high-tech bubble. The $1 billion payout does not mark the end of Wall Street's legal woes
Friday Jun 13, 2003 OTTAWA: NEW RULES TO CHECK WHITE-COLLAR CRIME
In the aftermath of international corporate scandals, such as Enron
and WorldCom in the U.S., the government of Canada has introduced
legislation to toughen rules on insider trading. The law would make
it an offence under the Criminal Code punishable by up to 10 years in
prison. It would also raise maximum sentences for existing
white-collar crimes, and make it illegal for companies to punish
whistle-blowers who expose corporate wrongdoings. The minister of
justice, Martin Cauchon, also announced the creation of six
investigative units, involving police, lawyers and financial experts,
which will specialize in white collar crime.
Wednesday Jun 11, 2003 cbc IMCLONE FOUNDER SENTENCED TO SEVEN YEARS IN PRISON
Sam Waksal will go to prison for seven years and three months after he
was sentenced Tuesday for his role in the ImClone Systems insider
trading case.
Wednesday Jun 11, 2003 ts Insider trading Web site a useful tool
Yesterday was the first deadline for reporting trades made in the previous 10 days at
Canadian Securities Administrators have been planning the System for Electronic Disclosure by Insiders since 1999. It was initially intended to go on line about two years ago when I first wrote about it. Various technical difficulties delayed the launch.
Tuesday May 20, 2003 bbc
WorldCom to pay $500m fine
Bankrupt telecoms firm MCI, formerly known as WorldCom, reportedly agrees to pay $500m to victims of its accountancy fraud.
Friday Apr 18, 2003 ec WorldCom announced plans to emerge from Chapter 11 bankruptcy. It appointed a new chief financial officer, rebranded itself as MCI, the name of its retail long-distance operation, shifted its headquarter from Mississippi to Virginia and agreed to pay creditors a third of what they are owed.
Monday Apr 14, 2003 WorldCom Group (WCOEQ : NASDAQ : US$0.14)
Net Change: 0.00, % Change: 0.00, Volume: 17,448,000
WorldCom could file its widely anticipated restructuring plan as soon as
tonight. The filing, to be made with the US Bankruptcy Court, will
coincide with the re-launch of the scandal-ridden telco as MCI. In
addition to showing the court a viable business plan, WorldCom must settle
some $30 billion worth of claims with various creditors. Under new
management, WorldCom has swallowed an $80 billion writedown to shrink its
balance sheet while undertaking some drastic payroll-trimming measures.
The company has shown remarkable progress on the financial front –
swinging to a $155 million profit in January, compared to December’s $580
million loss. If all goes well, the company expects to be able to emerge
from Chapter 11 as early as September.
Tuesday Apr 8, 2003 WorldCom Group (WCOEQ : NASDAQ : US$0.13)
Net Change: 0.00, % Change: 0.00%, Volume: 6,900,500
Contrarians will win in the long-run. A private vulture specializing in
technology investments has bought $175 million of bonds of WorldCom.
Silver Lake Partners LP is betting the telephone company can emerge from
bankruptcy and become profitable once again. Worldcom filed the largest bankruptcy
last summer with more than $40 billion in liabilities. "Scandal, financial
mismanagement and the recent tremendous difficulties of the
telecommunications industry have created a buying opportunity," said a
partner from Silver Lake.
Mon, 20 Jan 2003 ALCAN TO TAKE $100-MILLION US CHARGE RELATED TO ENRON COLLAPSE
Alcan will take a $100-million US charge in its fourth-quarter -
the result of coming out on the losing end of a dispute with a
subsidiary of BC Hydro following the bankruptcy of the U.S.-energy
trading giant Enron.
Saturday Jan 18, 2003 globe WorldCom CEO outlines turnaround plan
Capellas says WorldCom will continue to clean up after the company's massive accounting abuses... told workers in a broadcast to expect some employees dismissals over the internal investigations into the company's $9-billion (U.S.) accounting fraud. .... Mr. Capellas also said Tuesday that WorldCom will launch a series of new products and may take on business partners to market them.
Monday Jan 6, 2003 Enron movie hits US screens
The CBS television network is to broadcast a film charting the rise and fall of Enron this weekend in the US.
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Corporate failures reached an all-time high in 2002, a year in which WorldCom, United Airlines and Global Crossing collapsed. |
2002
Sunday Dec 29, 2002 ts
Famous last words of the year by
JENNIFER WELLS
"It's all gone. There's nothing left. Everything we had mostly was in Enron stock."
Saturday Nov 9, 2002 ec
Federal Judge OKs Partial WorldCom Settlement
Federal Judge Mark Rakoff signs off on a partial settlement between WorldCom
and the SEC, under which WorldCom will pay an unspecified fine and submit to
a court-appointed monitor.
Saturday Nov 9, 2002 ec
Brought to account
Harvey Pitt has resigned as chairman of the Securities and Exchange Commission after his disastrous handling of top appointments to America’s accounting oversight board. Will William Webster, the board's new chairman, be next to fall on his sword?
Thursday Oct 31, 2002 cbc
MARTHA STEWART EARNINGS DOWN SHARPLY
Shares of Martha Stewart Living Omnimedia
slumped more than 14 per cent after the company posted a 42 per cent
drop in third-quarter earnings and warned about the final three months
of the year.
Thursday Oct 31, 2002 cbc
EX-ENRON CFO FASTOW INDICTED
Andrew Fastow, the former chief financial officer of Enron Corp., was
indicted by a grand jury in Houston on 78 charges, including fraud,
money laundering and conspiracy.
Wednesday Oct 23, 2002 TORONTO:
LIVENT CO-FOUNDERS CRIMINALLY CHARGED
Four former executives of the defunct Livent Inc. entertainment firm
were charged with fraud in a court in Toronto on Tuesday. Livent was
once the biggest live theatre company in North America. The four are
accused of cheating investors and creditors of $500 million between
1989 and 1998. The Royal Canadian Mounted Police accuses the
defendants of falsifying Livent's financial statements during those
years. Two of the four accused are Livent co-founders Garth Drabinsky
and Myron Gottlieb. This is the first major effort in Canada to
prosecute corporate executives suspected of accounting frauds.
Regulators in both Canada and the U.S. have tightened their rules to
prevent such scandals as those involving the energy giant Enron Corp.
and the World.Com Inc. telecommunications company from recurring. The
four accused in Toronto face a maximum jail sentence of 10 years if
found guilty, in addition to financial penalties.
Friday Oct 11, 2002 economist Buford Yates, an executive at WorldCom, pleaded guilty to cooking the books in a massive accounting scandal that inflated the company's profits by some $7 billion. Only following orders, insisted Mr Yates, the second underling to admit his involvement. More guilty pleas are expected as lawyers prosecute their way up the chain of command—but to what level?
Friday Oct 4, 2002 (econ) 
Andrew Fastow, former chief financial officer of Enron, was charged with fraud, money laundering and conspiracy in connection with an accounting scandal that hid $1 billion of debt at the bankrupt energy-trading company.
The contents of the Chicago head office of Andersen, the deceased firm responsible for Enron's audit, were auctioned. Among the bargains were 3,000 chairs, 5,000 workstations and a replica red London phone box—but not the famous shredding machines.
Eliot Spitzer, New York state's attorney-general, fired his latest broadside against Wall Street. He filed suit to recover profits of $28m made on share dealing by well-known executives—including WorldCom's Bernie Ebbers and Qwest's Joe Nacchio. Salomon Smith Barney, Citigroup's investment-bank arm, is accused of “spinning” the shares in much sought–after initial public offerings (IPOs) in return for business.
Goldman Sachs was also tarred with scandal. Congressional investigators say the firm allocated shares in hot IPOs to executives at 21 favoured clients including eBay, Enron, Global Crossing and Yahoo! Goldman noted that, unlike the practice at other firms, the executives had to ask for the shares rather than receiving them automatically.
See article: Investment banking under fire
Sunday Sep 22, 2002 cbc
BUSINESS GROUP CALLS FOR ENFORCEMENT OF CORPORATE FRAUD LAWS
Canada doesn't need new laws to make sure corporate executives behave
themselves, says the Canadian Council of Chief Executives (CCCE). The
penalties spelled out in the existing rules just need to be applied, the
group says.
Thursday Sep 19, 2002 
See article: Jack Welch's outrageous employment contract
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Qwest admits improper accounts
The US telecoms firm follows in the footsteps of Enron and WorldCom in admitting that it over-stated its profits.
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Wednesday Jul 24, 2002 economist WorldCom
WorldCom, the giant American telecoms firm that admitted a massive accounting fraud, has filed for bankruptcy protection. The firm’s hopes of a rescue are pinned on selling parts of the business to other companies, but the whole industry faces problems and is short of cash click for chart
Wednesday Jul 24, 2002 nyt
Who Really Cooks the Books? By WARREN E. BUFFETT
C.E.O's need to step forward and adopt honest accounting practices.
Thursday Jul 18, 2002 cbc
WORLDCOM CEO HOPES TO AVOID BREAKUP OF COMPANY
The CEO of WorldCom - which filed the biggest bankruptcy protection
case in U.S. corporate history on Sunday - said he hopes to avoid a
massive sell off of the beleaguered company's assets.
Monday Jul 22, 2002 NEW YORK (CNN/Money)
WorldCom files largest bankruptcy ever
Nation's No. 2 long-distance company in Chapter 11 -- largest with $107 billion in assets.
- WorldCom, the nation's No. 2 long distance phone company, filed for Chapter 11 bankruptcy protection late Sunday, nearly one month after it revealed that it had improperly booked $3.9 billion in expenses.
Thursday Jul 18, 2002 cbc
SECURITES REGULATORS, ACCOUNTANTS TIGHTEN RULES ON CANADIAN AUDITORS
Canada's security regulators and accountants plan to tighten up the
rules that govern the auditors of public companies.
Thursday Jul 18, 2002 ULcbc
AUDITORS UNDER TIGHT SCRUTINY
The people who audit publicly-traded companies across Canada will now
come under greater scrutiny.
A board is being put in place to regulate the accounting industry.
Thursday Jul 18, 2002 cbc
NORTEL, DELOITTE and TOUCHE NAMED IN CLASS-ACTION SUIT
Nortel Networks and its auditor, Deloitte and Touche, were named in a class-action suit on
Wednesday.
Thursday Jul 18, 2002 THE GALLON ENVIRONMENT LETTER
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Tuesday Jul 9, 2002
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UK savings industry faces overhaul
Sweeping reforms to protect investors and simplify products are called for as the savings industry faces its biggest shake-up for a decade.
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Bush vows action to stop scandals
The US president is to deliver a speech on Wall Street aimed at restoring trust in big American firms following a series of corporate scandals.
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Tuesday Jul 9, 2002 nyt
2 Former WorldCom Executives Refuse to Testify to Congress
Two former top executives of WorldCom who played a pivotal role at the company before huge accounting irregularities were disclosed last month refused to testify today.
Sunday Jul 7, 2002 nyt
Senate Panel Says Enron's Board Could Have Stopped High-Risk Practices
A Senate panel has concluded that Enron's board could have halted conflicts of interest and disguising of debts that led to the company's demise.
Two Enron Chiefs Are Convicted in Fraud and Conspiracy Trial May 26, 2006 nyt
BBC
The big one Jul 9th 2004 
Skilling & Lay 
Bossing the bosses Apr 7th 2005 
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