Bush faced SEC probe over 1990 Harken stock sale details
Washington records show President Bush received non public information about Harken Energy Corp. before selling most of his holdings in 1990. SEC minutes released through the Center for Public Integrity reveal board letters describing cash constraints and losses, triggering renewed scrutiny of the sale and market ethics.
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Center For Public Integrity
Harken
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Menrodad Sepont
Harvey Pitt
CPP
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Alpha Petroleum Ltd
Enron Corp
White House
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Markets brace for rough week on a plunging market
New York AP reports Wall Street faces more losses after a 390 point Dow drop to near four year lows. Analysts cite lack of conviction and ongoing accounting scandals from Enron to WorldCom, with investors shifting to risk-free assets as equity funds see record outflows and retirement fears rise.
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New York
Wall Street
Robert Froehlich
Deutsche Asset Management
Enron Corp
WorldCom Inc
Standard & Poor
Lawyers crowd eBay for asbestos case evidence auctions
Houston attorney Mark Lanier paid 2125 to win a 1941 Naval Machinery manual after a bid war on eBay. Lawyers leverage the site to obtain smoking gun documents, maintenance manuals, and product catalogs to trace asbestos use and liability for victims. The eBay evidence market is growing though little known, with millions of items listed and specialized auctions daily.
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Mark Lanier
Lanier
Houston
Los Angeles
Kevin Pursglove
Corporate Fiction and Fraud Lessons in Everyday Finance
A columnist contrasts Harriet Homeowner's fake bookkeeping with corporate fraud cases, from AOLs free trial disks to WorldCom restatements. It notes SEC CFO certification rules and Greenspan’s call for expensing stock options to curb warped earnings, citing Enron and Centennial Technologies as examples.
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America
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Emmanuel Pinez
Pinez
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Enron
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Alan Greenspan
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