Word: frauds
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Walsh was indicted on 59 counts of bank fraud and making false statements to the Dime Savings Bank in October of 1992, and was convicted on 41 counts this past March...
...flame someone online can the online service be held responsible? That's the issue being decided in New York's State Supreme Court. A Long Island financial firm, Stratton Oakmont, sued Prodigy -- one of theonline world's Big Three-- claiming that it was unfairly accused of fraud on a Prodigy bulletin board. Prodigy, like other online service providers have always said they're simply a communications conduit -- much like a phone company -- and have claimed that they're not responsible for what their customers post. "Liability," says Kent Stuckey, general counsel of Compuserve, "could present a chilling effect...
BOSTON--Cambridge City Councillor William H. Walsh was sentenced to 18 months in prison yesterday for 41 counts of bank fraud and making false statements to the Dime Savings Bank of New York. Walsh was granted a stay pending appeal of his conviction...
Assistant U.S. Attorney Peter J. Mullin had asked for 36 months in prison, but federal Judge Mark L. Wolf handed down a lesser sentence because he said that Dime's policies encouraged the fraud...
...lost his $55,000-a-year position as an audit manager for a food-service firm that trimmed its payroll. After a succession of part-time work and other jobs, Smith joined the consulting firm Grossberg Co. in Maryland last summer as an auditor who sniffs out financial fraud for clients who have pared back their own accounting departments. Today Smith figures that between his salary and his cut of hourly billings, he has nearly doubled his old income. Because of downsizing, he says, "a lot of companies eliminated internal controls and positions, and that's worked in my favor...