Marcy Gordon

August 21, 2007 | Daily Report Online

By Marcy Gordon

2 minute read

May 13, 2009 | Daily Report Online

WASHINGTON AP - Federal regulators are close to filing lawsuits against companies behind a national wave of spam "robo-calls" that warn people their auto warranties are about to expire and offer new service plans, two senators said Tuesday.The Federal Trade Commission has started investigations into several companies involved in the deceptive calls, and the agency expects to bring cases against them within days, Sens.

By MARCY GORDON

3 minute read

September 17, 2007 | Daily Report Online

By Marcy Gordon

2 minute read

March 17, 2010 | Daily Report Online

WASHINGTON AP - The head of the Securities and Exchange Commission confirmed Wednesday the agency is investigating several companies' actions in the run-up to the financial crisis of 2008.SEC Chairman Mary Schapiro said "it would be safe to assume" that the agency is looking very closely at the conduct of a number of firms during this time.

By MARCY GORDON

3 minute read

February 24, 2010 | Daily Report Online

By MARCY GORDON

4 minute read

April 12, 2002 | Law.com

Xerox Corp. has reached a settlement with the Securities and Exchange Commission after the agency filed a lawsuit in federal court in New York, alleging that the office-equipment manufacturer used "accounting tricks" and "accounting opportunities" to boost its earnings. Xerox agreed last week to pay a $10 million civil penalty and to revise financial statements back to 1997 to settle regulators' allegations of accounting fraud.

By Marcy Gordon

3 minute read

February 23, 2009 | Daily Report Online

WASHINGTON AP - For years, there were red flags - so many they could have massed into a crimson blanket.As with the Bernard Madoff case, the scandal surrounding billionaire R. Allen Stanford now seems clear and obvious in hindsight. Yet Stanford managed to run his alleged scheme even while the Securities and Exchange Commission and other regulators had him on their radar screens and investigated his businesses.

By MARCY GORDON

7 minute read

October 31, 2007 | Daily Report Online

WASHINGTON AP - As a prosecution witness, Warren Buffett testified he detected signs of trouble at mortgage finance giant Freddie Mac years before a $5 billion accounting lapse was revealed.The billionaire investor testified Tuesday for the government in its legal proceeding against Leland Brendsel, the former Freddie Mac chief executive who was ousted in 2003 when the firm's manipulated earnings were discovered.

By Marcy Gordon

3 minute read

April 18, 2008 | Daily Report Online

WASHINGTON AP - Former Fannie Mae chief Franklin Raines and two other top executives have agreed to a $31.4 million settlement with the government announced Friday over their roles in a 2004 accounting scandal.Raines, former Fannie chief financial officer Timothy Howard and former controller Leanne Spencer were accused in a civil lawsuit in December 2006 with manipulating earnings over a six-year period at the company, the largest U.

By MARCY GORDON

4 minute read

October 02, 2007 | Daily Report Online

By Marcy Gordon

7 minute read